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Finance & Accounting Accounting & Bookkeeping Cost Accounting

Managerial Accounting (Advanced): Course 4 of 5

Honored by the President of the United States for outstanding teaching, learn Accounting from the self-made millionaire.
Bestseller
Rating: 5.0 out of 55.0 (35 ratings)
1,253 students
Created by Norm Nemrow
Last updated 11/2019
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • Continue your advanced learning of accounting from the #1 highest rated Accounting course on Udemy!
  • Produced and used at the #1 Accounting university in the World (as rated by the London Financial Times - 2013)
  • You will learn how to run a business through understanding accounting at the university level... the most in-depth course available
  • Advanced Managerial and Financial accounting differences
  • Advanced Product Costs
  • Advanced Standard Costs and Responsibility Accounting
  • Activity Based Costing (ABC)
  • Cost Volume Profit Analysis
  • Capital Budgeting

Requirements

  • We suggest you take our Course #2 (Introduction to Managerial Accounting)

Description

Quick Glance

  1. Produced by the #1 Accounting University in the World (as rated by the London Financial Times)

  2. Professor is a self-made millionaire many times over. Taught accounting at his university as a volunteer and became the #1 best teacher on campus

  3. Professor honored by the President of United States for teaching

  4. #1 rated Accounting course on Udemy for many YEARS

  5. Earn real University CREDITS by taking this course (see below for details)

  6. Between 5-10 times MORE content than other Udemy accounting courses. A real university course isn't accomplished in 1-3 hours (don't believe the hype). We train the highest recruited accounting students by the top four accounting firm on earth. We know what it takes to make you powerful in accounting.


Description

Learn accounting from the self-made millionaire Norm Nemrow and the recipient of a famed teaching award from the President of the United States. This course is produced by the #1 accounting university in the world, Brigham Young University (Rated by the London Financial Times 2013). This course will teach you the fundamentals of Financial Accounting better and more effectively than any course available today... guaranteed. Other courses may talk a good game but our course is the gold standard. This IS the specific course that prepares the top recruits into the big four accounting firms worldwide and recommended by HARVARD to its incoming MBA students.  Join over 100,000 top students from the top universities all over the world with our famous course that we're now making available on Udemy.  No other Accounting course to our knowledge has been highlighted in Wired magazine, Gagaom, and the New York Times, yes, it's that popular and well acclaimed. Welcome to the Norm Nemrow Accounting Course where you can get a NNAC in Accounting.

The Introduction to Accounting Course Series is composed of FIVE courses. If you take the challenge and learn the content in all FIVE courses then you will have mastered the first year of accounting at the best accounting university program in the world. These are the SAME courses we use at the university, which means if you sign-up with our Independent Study program, you only need to take the exams and you'll receive 6-credit hours. These credits are extremely valuable and will transfer to virtually any higher institution in the world. No other course on Udemy prepares you for real college credit-hours like our courses. However, if you decide the credits are not for you, that's also great... you will have received the best accounting education in the world here on Udemy, and you will have the knowledge you need to master your business and lead your company into the future.


Courses Offered
(All FIVE courses build on each other in order):

Course 1:
Introduction to Financial Accounting

Course 2: Introduction to Managerial Accounting

Course 3: Advanced Financial Accounting (NEW)

Course 4: Advanced Managerial Accounting (NEW) (This Course)

Course 5: Accounting Capstone (NEW)


  • Developed and used at the #1 Accounting University in the World   

  • Discussed in Wired Magazine, Gigaom, & New York Times

  • Professor Norm Nemrow, self-made millionaire and the recipient of the National Points of Light Service Award from President Bush and teacher of the year at BYU EVERY YEAR the award was offered.


    Let’s be honest, accounting has a negative stigma attached to it. Why? Because mainstream accounting education teaches students how to be nothing more than bean counters. Talk about boring! We take a different approach; a better approach. In a nutshell, we teach students how to become business decision makers. Our goal is to give business leaders and entrepreneurs the necessary tools so they can unleash their ideas and be successful in the open business market. Accounting is the language of business and an entrepreneur with a solid understanding of the fundamental principles of accounting can run a business and solve problems better than competitors who fail to learn these crucial concepts. So join us in this exciting educational experience that will enrich your life and give you the competitive edge in your business.

Who this course is for:

  • University Students who need more help than they getting in their classroom
  • Entrepreneurs who want to take their business to the next level
  • Anyone who wants to take control of their financial future

Course content

6 sections • 33 lectures • 10h 16m total length

  • Preview11:08
  • Stages of Manufacturing Inventory
    02:23
  • Process vs. Job Order Costing
    21:12
  • Predetermined Overhead Rates - Flow or Product Costs
    22:21

  • Lesson Introduction - Process Costing in a Manufacturing Business
    38:46
  • Problem: Production Cost Report & Problem: "Process Costing"
    17:24
  • Process Costing and FIFO vs. Weighted Average Cost Flows
    13:08
  • Product Costs in a Service Business
    27:53

  • Introduction - Standard Costs - Variance Analysis
    37:09
  • Problem: Material and Labor Variances
    11:49
  • Problem: Material and Labor Variances
    06:07
  • Manufacturing Overhead Variances - Variable & Fixed Overhead Variances
    35:13
  • Advantages and Disadvantages of a Standard Cost System
    19:55

  • ABC - Introduction - Traditional approach & ABC approach
    17:52
  • Five steps in an ABC system:Step 1 - Identify overhead cost activities
    21:20
  • Step 2 - Analyze individual overhead costs
    16:09
  • Step 3 - Identify measurable cost drivers
    12:25
  • Step 4 - Assign overhead
    18:14
  • Step 5 - Using the data to make decisions
    32:18
  • Summary and conclusion
    03:29

  • Lesson Introduction - CVP Analysis
    11:39
  • Problem: Scattergraph and High-Low Methods
    06:40
  • The Least Squares Method
    08:33
  • Problem: Contribution Margin Income Statement
    05:51
  • The Basic CVP Equation
    15:17
  • Problem: CVP Analysis - Changes in Variable & Problem: Graphical CVP Analysis
    09:18

  • Lesson Introduction - Capital Budgeting - Review of TVM Calculation - Examples
    41:20
  • Payback Period and Unadjusted Rate of Return
    13:07
  • Net Present Value
    32:21
  • Problem: Computation of WACC & Problem: NPV and a Least-Cost Decision
    06:07
  • Internal Rate of Return
    18:25
  • Capital Rationing - Ranking Capital Budgeting Projects
    13:46
  • The Impact of Income Taxes on NPV and IRR analysis - Cash Expenses - Summary
    47:32

Instructor

Norm Nemrow
World Famous Course from the #1 Accounting University
Norm Nemrow
  • 4.6 Instructor Rating
  • 2,823 Reviews
  • 22,215 Students
  • 5 Courses

Professor Norm Nemrow is an internationally recognized self-made millionaire and philanthropist who has been awarded by the President of the United States for his excellence in teaching.

In 1979, following graduation with a Masters of Accountancy degree from BYU, Professor Nemrow began his business career with Arthur Andersen & Company in Orange County, California, where he practiced as a CPA for three years before leaving to join a start-up real estate investment company. As Chief Financial Officer and then President of that company he helped manage its nationwide growth in apartment ownership to over 11,000 units before negotiating the successful sale of the business in 1985 for nearly a third of billion dollars and retired at the age of 30. During that time he also taught as an Associate Professor at the Pepperdine University Graduate School of Management. 

In 1991, Professor Nemrow and his family moved back to Utah where he took a full-time teaching position on a volunteer basis at BYU’s School of Accountancy. He taught in that capacity until retiring in 2011. During his teaching career Professor Nemrow received numerous teaching awards and was twice voted by the BYU graduating class as “The Overall Best Teacher at BYU”. He also helped propel BYU's accounting department to the number #1 accounting university in the world (rated by the London Financial Times). 

In addition, he was a founding Board member of Habitat for Humanity of Utah County and received the Governor’s Points of Light Service Award as well as the National Points of Light Service Award from President George W. Bush. 

He currently resides in Provo, Utah with his wife Cindy. He and Cindy are the parents of 5 children. Norm spends most of his time devoted to community service and philanthropic endeavors. 

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