Fundamentals of Management Accounting

Name: Fundamentals of Management Accounting
Rating: 4.2 (122 reviews)

Management Accounting

Last updated 5/2020

English

English [Auto],

What you'll learn

Students will learn the basics of management accounting and its importance in planning and decision making. They will learn to analyse and present key information required for decision making in organisations. by various stakeholders.

1 section • 5 lectures • 33m total length

Introduction to Management Accounting2:40
After completing this lecture students will get a basic idea of what management accounting entails and how is it different from financial accounting.
Cost Accounting2:55
Explains the meaning of cost and distinguishes direct, indirect, fixed, and variable costs, showing how direct costs trace to production (materials or labor) and indirect costs are allocated.
Budgeting15:34
Marginal Costing and Absorption Costing12:12
Compare marginal costing and absorption costing by highlighting how variable costs versus all costs including fixed overhead affect inventory valuation, cost of goods sold, and net income across scenarios.
Practice Questions0:36

This course will make the students familiar with cost accounting concepts. They will learn Budgeting, Marginal and Absorption Costing.

Students will learn the basics of management accounting and its importance in planning and decision making.

They will learn to analyse and present key information required for decision making in organisations. by various stakeholders.

Undergraduate university students, Preparatory level students pursuing professional courses like CPA, CA.