Cost Accounting: Introduction to Management Accounting
What you'll learn
- Understand Cost Behaviors, Cost Drivers and Cost Driver Activity
- Define Fixed and Variable Costs and Create Cost Functions
- Use Regression Analysis using the Least Squares Method
- Apply Activity Based Costing to Product Costs
- Allocate Support Department Costs using the Direct, Step-Down and Reciprocal Method
- Apply Cost-Volume-Profit Analysis (Break-Even Points)
- Describe variance analysis, differentiate between price and usage variances, and calculate price and usage variances for costs
- Prepare Cash Budgets
- Prepare Production Reports for a Process Costing System
Requirements
- English
- Basic Algebra
- Arithmetic
Description
Welcome to the Management Accounting Crash Course, which will provide you with 46 video lessons that span over 7 hours of content (including quizzes to help test your knowledge). Follow along as I explain the basics and fundamental concepts like cost drivers, the cost function, break-even points, journal entries, joint costing, budgets and more!
Managerial Accounting is the study of internal financial information that can influence decision-making. It's the follow up course to Financial Accounting, that can prove to be more difficult for students. We designed the course to act as a perfect supplement for those taking Managerial/Management Accounting in University or College. We'll walk you through the theory, providing examples and questions that will keep you engaged.
The first part of the course will cover:
Cost Measurement and Cost Behavior
The Design of Cost Functions
Fixed Costs, Variable Costs and Mixed Costs
Break-Even Analysis
Handling Direct and Indirect Costs
The second part will cover:
Process Costing, and Production Reports using Weighted Average and FIFO.
Activity-Based Costing for Overhead Costs
Preparing Cash Budgets
Variance Analysis
Support Departments: Direct, Step-Down and Reciprocal Method
And much more!
HERE'S WHAT SOME STUDENTS OF HAVE TOLD ME ABOUT MY COURSE:
"I fully attribute me passing the BEC portion of the CPA exam from your videos. Without your easy to learn managerial accounting tutorials, I would never have understood the concepts. I especially thought your videos on variance analysis were exceptional. Thank you so much for everything!" - Spencer S.
"Hi, I just wanted to say thank you for posting such great videos on YouTube. I believe that they were the reason I just passed my very difficult accounting exam! They were very easy to watch and easy to follow. I appreciate your work!" - Alana M.
"This guy has the best Mgmt Accounting tutorial videos. He understands the concepts and can explain them in the easiest and most engaging way. Thank you." - Karen K.
"Great Course for being introduced to Fundamentals of Management Accounting. Dave does a good job at explaining concepts filled in with examples." - Imran S.
Who this course is for:
- University Students
- College Students
- CPA Students
- MBA Students
- Bookkeepers
- Accountants
- Managers
Instructor
- 4.4 Instructor Rating
- 3,685 Reviews
- 19,211 Students
- 2 Courses
I worked on my Bachelor of Commerce, majoring in Accounting and Finance at Ryerson University and am currently working towards my CPA. I've run Notepirate (an accounting and finance website) for 5 years and have worked as an Accounting and Finance educator for 6 years. My videos have been used by countless CPA websites and continuing education websites like TVO's, Independent Learning Center.
Growing up in Toronto (Canada) I started my Accounting education in high school at North Toronto Collegiate. Like many of you, I struggled to master the fundamentals of Accounting which eventually lead to me being frustrated and confused. I understand this feeling (that you might be having) much too well.
During the summer I took some time to go back and re-read everything from the beginning. I focused on the fundamentals specifically, because everything you learn in Accounting is derived from them. This provided a strong foundation for me to teach Accounting because of my original confusion with the subject but also my subsequent clarity of the subject.
When I explain concepts, you're going to see that I not only provide lectures on the subject, but also provide a deep understanding of the material.
Accounting and finance has not only influenced my professional life but also my personal life. Decisions are made on a daily basis. I believe that a strong education in Accounting and Finance equips us with the know how to make sound decisions.
I look forward to working with you all.