
Introduction to managerial accounting (cost accounting).
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Managerial accounting is used for internal accounting & management purposes.
Managerial accounting (cost accounting) terms & vocabulary.
Another method of classifying costs are product costs vs period costs.
Introduction to using balance sheet and income statement.
Examples of income statements of merchandising and manufacturing companies.
How to calculate the Schedule of Cost of Goods Manufactured.
In this video we discuss how costs such as raw material purchases and direct labor affect the balance sheet and income statement.
The differences of variable costs vs fixed costs.
In this video we discuss direct costs vs indirect costs.
In this video we discuss differential cost and differential revenue, opportunity cost, and sunk cost.
In this video we discuss the companies that use process costing and job-order costing.
In this video we go over how to record Job order costing journal entries for direct materials and direct labor.
In this video we discuss how to record journal entries related to factory overhead.
In this video we discuss how to allocate factory overhead into the Work in Process (WIP).
In this video we discuss how to record journal entries for selling & administrative expenses.
In this video I explain process costing in more detail with examples of journal entries.
Additional resources to continue learning
LEARN MANAGERIAL ACCOUNTING & BOOKKEEPING (COST ACCOUNTING) STEP BY STEP
Managers all over the world use managerial accounting & bookkeeping to make business decision to improve profitability of their businesses. In this course I will show you how to do managerial accounting and bookkeeping, and apply those skills to your job. This is a no-fluff, straight-to-the-point course.
Each short lesson is around 3-7 minutes. You can learn at your own pace anytime, anywhere.
Traditional managerial & cost accounting textbooks are long and boring. This course makes learning managerial accounting & bookkeeping easy because I explain everything in a plain, simple language that's fun to learn.
THIS COURSE WILL COVER:
What is managerial accounting & cost accounting
Managerial accounting terms & vocabulary
Product costs vs period costs
Balance sheet and income statement
Income statement examples of merchandising companies & manufacturing companies
Schedule of Cost of Goods Manufactured
And much more!
WHY THIS COURSE?
Taught by a CPA, CA, MBA - Calvin K. Lee
Calvin has 15 years of experience in accounting and bookkeeping, and provided consulting services for Fortune 500 companies
Calvin has worked in a Big 4 accounting firm (Ernst & Young LLP)
Calvin is a top-rated instructor at Schulich School of Business at York University
Over 77,000+ students from 178 countries enrolled in his courses
Lifetime access to this course, and you receive new lessons and updates for FREE
Subtitles (captions) available in English
Certificate of Completion available
30-day money-back guarantee
STUDENT REVIEWS:
"Direct to the point and summarized the important part or content." - Juvy D.
"The content of the course is clear and with examples." - Sawsan M.
"Very informative and straightforward. Easy to understand." - Chris B.
"I like there are samples and explanations about the topics." - Margie P.
"Everything is explained so easily and concisely that I have no problem in understanding. A great teacher he is!" - Sarmad S.
"Very good!! Learned a lot about cost & management accounting" - Adriel S.
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