Introduction to Managerial Accounting

Name: Introduction to Managerial Accounting
Rating: 4.2 (576 reviews)

Introduction to accounting for managers and MBA students. Learn managerial and cost accounting.

Created byStefan Ignatovski, Ph.D.

Last updated 11/2018

English

What you'll learn

Understand the flow of costs
Distinguish between various types of costs
Understand the concepts of costing a product
Use absorption and Variable Costing
Use Job-Order Costing System
Separate a mixed cost into a fixed and variable portions
Use the high-low method

Course content

4 sections • 12 lectures • 38m total length

Introduction to the course2:29
Managerial accounting is not hard, thanks to simple explanations and a breakthrough teaching approach. Enjoy short bite-sized lectures, stay engaged, take notes, replay videos, and apply what you learn.

Cost Concepts3:24
Examine the cost flow in envelope manufacturing, distinguishing raw materials, work in process, and finished goods, and applying direct materials, direct labor, and overhead, with product vs period costs.
Cost Concepts - Practical Application3:09
Explore how manufacturing costs are tracked, including direct and indirect materials, labor, and overhead, using an envelope example, and distinguish fixed and variable costs with the hi-lo method.
Introduction to Cost Flows2:07
Track how direct materials, direct labor, and manufacturing overhead flow into the working process, finished goods, and eventually cost of goods sold on the income statement.
Types of Costs2:44
Differentiate fixed and variable costs, prime and conversion costs, and product versus period costs in managerial accounting. Learn how these costs flow to inventory and the income statement.

Fixed VS. Variable Costs2:06
Compare fixed and variable costs: total fixed costs stay constant, variable costs rise with output, while per-unit fixed costs fall and per-unit variable costs stay constant.
Mixed Costs1:28
Explore mixed costs, which combine fixed and variable components such as salaries and commissions, and learn to separate them using the cost equation fixed cost plus variable cost times units.
High-Low Method3:27
Use the high-low method to estimate fixed and variable maintenance costs by calculating the slope from high and low activity, then determine the fixed cost and predict future costs.
Absorption VS. Variable Costing3:39
Explore absorption costing and variable costing, comparing their approaches within managerial accounting to help students understand costing methods and decision making.
Variable Costing (Problem Solving)6:03
Compare absorption costing and variable costing, showing how fixed overhead adds 36.4 per unit in absorption costing, while variable costing yields 196 per unit.

Job Order Costing (Animation)4:43
Learn how job order costing uses a predetermined overhead rate to apply manufacturing overhead to direct labor hours, accounting for direct materials and allocation bases like machine hours.
Job Order Costing (Comprehensive Problem)3:07
Calculate the predetermined overhead rate by dividing estimated overhead by the direct materials base. Apply this rate to each job and close accounts at year end when actual overhead differs.

Requirements

Have a positive attitude
Be eager to learn

Description

I believe that you should not fall asleep when learning something new. You need to be encouraged and excited instead. In order to be excited about learning, you need to understand easily. If you struggle to understand, of course you will fall asleep. I have implemented a new way of teaching. Animated videos which are easy to understand. Problem solving videos that teach you how to apply what you have learned. Learning has never been so exciting.

In this course you will find everything explained with a video lecture. There are 2 types of video lectures. The first type is an animated (cartoon) video that breaks down the most difficult concepts used in business. The second type is a problem solving shared screen that will help you with the calculations and analysis, as well as your thinking process.

Whether you are a business owner, manager, or a student, you will need this course. This course will provide you with great tools that will make your decisions much more informative and calculated.

Who this course is for:

Anyone interested in taking up on a managerial role

Introduction to Managerial Accounting

What you'll learn

Explore related topics

Course content

Introduction1 lecture • 2min

Cost Concepts4 lectures • 11min

Cost Behavior5 lectures • 17min

Job-Order Costing2 lectures • 8min

Requirements

Description

Who this course is for: