Certificate Program In Management Accounting
4.1 (10 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,550 students enrolled

Certificate Program In Management Accounting

Learn how to analyse financial statements to make the right decisions that will add value to the organisation.
4.1 (10 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
1,550 students enrolled
Created by Manipal Global
Last updated 4/2014
English
English [Auto]
Price: $49.99
30-Day Money-Back Guarantee
This course includes
  • 3 hours on-demand video
  • 8 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • By the end of this course, you will be able to:
  • • Define Management Accounting and its functions
  • • Differentiate between Financial Accounting and Management Accounting
  • • Explain and describe some techniques of financial statement analysis
  • • Describe the relevance of a funds flow statement
  • • Prepare a funds flow statement
  • • Explain the meaning and purpose of cash flow analysis
  • • Explain the process to be followed to prepare a cash flow statement
  • • Describe the format of a cash flow statement
  • • List the important terms in Costing
  • • Describe the assumptions of marginal costing
  • • Explain CVP analysis, break-even analysis and margin of safety
  • • Apply CVP analysis in managerial decision-making
  • • Define budgets and budgetary control
  • • Explain the importance of variance analysis
  • • Describe material and labour costs
Requirements
  • Prerequisite for this course is knowledge of Financial Accounting. If you do not already have this knowledge, you can do the course on Financial Accounting.
Description

Course Introduction:

Knowledge of management accounting helps in designing the most appropriate internal financial information systems. The Management Accounting course explains how you can analyse financial statements to make the right decisions in the day-to-day activities in an organisation, which in turn will help add value to the organisation.

Why Learn Management Accounting?

With the help of financial data, managers make decisions regarding day-to-day activities in the organisation. Management accounting helps in taking the right decisions. It is concerned with providing information to managers, that is, people in an organisation who direct and control its operation. Managerial accounting is manager-oriented and provides the essential data with which the organisations are actually run.
Management accounting is much broader than financial accounting because it includes aspects of managerial economics, industrial engineering, and management science. However, management accounting and financial accounting are part of the total accounting information system. The content of management accounting system is driven by the needs of the financial accounting system. A firm’s profitability is of interest to investors but managers need to know the profitability of individual products. The accounting system should be designed to provide total profits and profits for individual products. Hence, accounting system should be able to supply different information for different purposes.
Join us on this exciting journey as we learn about Management Accounting and how to apply it in organisations.

Learning Plan

You are expected to spend the following effort in completing this course:

Activity Time Spent (hrs.)

Read Learner Handbook 1

Watch videos for all modules 20

Self-Assessment Exercises 5

Total 26

What Next?

This course provided you an overview of the field of Management Accounting. To gain further competency as a Management Accounting professional you would need to gain an understanding of one or more of the following areas:

  • Finance for Non-Finance
  • Basic Corporate Finance
  • Equity Research
  • Financial Risk Management
  • Private Equity

Management Accounting is a powerful and important field for all organisations. To remain employable and competitive, you need to be frequently taking courses and learning about all the different aspects of Management Accounting and how they are applied across companies.


Who this course is for:
  • Students of Commerce or Accounts
  • MBA students or graduates
  • People who want to learn about the basics of Management Accounting
Course content
Expand all 24 lectures 06:00:13
+ Introduction to Management Accounting
2 lectures 06:30

In this video, you will learn the definition of Management Accounting and its functions. You will also learn the differences between Financial Accounting and Management Accounting.

Preview 06:30

In this presentation, you will learn the definition of Management Accounting and its functions. You will also learn the differences between Financial Accounting and Management Accounting.

Introduction to Management Accounting - PPT
5 pages
Introduction to Management Accounting - Self Assessment Quiz
5 questions
+ Financial Statement Analysis
3 lectures 29:44

In this video, you will learn about the basics of financial statement analysis and the need for financial analysis.

Preview 12:05

In this video, you will learn about some techniques of financial statement analysis.

Techniques of Financial Statement Analysis - Video
17:39

In this presentation, you will learn about the basics of financial statement analysis and its need. You will also learn about some techniques of financial statement analysis.

Financial Statement Analysis - PPT
33 pages
Financial Statement Analysis - Self Assessment Quiz
10 questions
+ Funds Flow Analysis
3 lectures 21:02

In this video, you will learn the important terms that affect funds of a firm. You will also learn about the relevance of a funds flow statement and the steps involved in analysing flow of funds.

Funds Flow Statements - Video
15:08

In this video, you will learn how to prepare a funds flow statement.

Preparation of a Funds Flow Statement - Video
05:54

In this presentation, you will learn the important terms that affect funds of a firm. You will also learn about the relevance of a funds flow statement and the steps involved in analysing flow of funds. You will also learn how to prepare a funds flow statement.

Funds Flow Analysis - PPT
20 pages
Funds Flow Analysis - Self Assessment Quiz
10 questions
+ Cash Flow Analysis
3 lectures 17:45

In this video, you will learn about the purpose of cash flow analysis and the utility of a cash flow statement.

Cash Flow Statements - Video
11:53

In this video, you will learn about the process to be followed to prepare a cash flow statement and how to prepare a cash flow statement.

Format of a Cash Flow Statement - Video
05:52

In this presentation, you will learn about the purpose of cash flow analysis and the utility of a cash flow statement. You will also learn about the process to be followed to prepare a cash flow statement and how to prepare a cash flow statement.

Cash Flow Analysis - PPT
18 pages
Cash Flow Analysis - Self Assessment Quiz
10 questions
+ Marginal Costing and Break-Even Analysis
3 lectures 27:43

In this video, you will learn about the important terms in costing. You will also learn about marginal costing and its assumptions.

Definition and Assumptions of Marginal Costing - Video
12:45

In this video, you will learn about CVP analysis, break-even analysis and margin of safety.

Important Concepts of Marginal Costing - Video
14:58

In this presentation, you will learn about the important terms in costing. You will also learn about marginal costing and its assumptions. In addition, you will learn about CVP analysis, break-even analysis and margin of safety.

Marginal Costing - PPT
28 pages
Marginal Costing - Self Assessment Quiz
10 questions
+ Decisions involving alternative choices
3 lectures 23:14

In this video, you will learn about cost identification for decision making.

Cost Identification - Video
10:49

In this video, you will learn how to apply CVP analysis in managerial decision making.

Using CVP Analysis - Video
12:25

In this presentation, you will learn about cost identification for decision making. You will also learn how to apply CVP analysis in managerial decision making.

Decisions involving alternative choices - PPT
27 pages
Decisions involving alternative choices - Self Assessment Quiz
10 questions
+ Budgetary Control
3 lectures 22:08

In this video, you will learn about budgets and budgetary control and the objectives of budgetary control.

Understanding Budgetary Control - Video
06:34

In this video, you will learn how to classify budgets. You will also learn about zero-based budgeting.

Classification of Budgets - Video
15:34

In this presentation, you will learn about budgets and budgetary control, the objectives of budgetary control and how to classify budgets. You will also learn about zero-based budgeting.

Budgetary Control - PPT
20 pages
Budgetary Control - Self Assessment Quiz
10 questions
+ Standard Costing
4 lectures 30:07

In this video, you will learn about standard cost and costing. You will also learn about variance analysis.

Standard Costing and Variance Analysis - Video
06:39

In this video, you will learn about variances that are calculated for material costs.

Variances for Material and Labour Costs - Part 1 - Video
12:13

In this video, you will learn about variances that are calculated for labour costs.

Variances for Material and Labour Costs - Part 2 - Video
11:15

In this presentation, you will learn about standard cost and costing. You will also learn about variance analysis and the variances that are calculated for material and labour costs.

Standard Costing - PPT
31 pages
Standard Costing - Self Assessment Quiz
10 questions