Responsibility Accounting & Performance Measurement
4.1 (22 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.
12,988 students enrolled

Responsibility Accounting & Performance Measurement

Managerial accounting tools of responsibility accounting and other performance measures related to decentralization
4.1 (22 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.
12,988 students enrolled
Last updated 5/2019
English
English [Auto]
Current price: $139.99 Original price: $199.99 Discount: 30% off
23 hours left at this price!
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This course includes
  • 7.5 hours on-demand video
  • 28 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • Managerial accounting concepts
  • Responsibility accounting system and how it can improve performance
  • How to define and apply direct and indirect expenses
  • How to allocate indirect expenses using different activity basis
  • Steps to create a departmental income statement
  • How to put together a forcasted departmental income statement
  • How to calculate and interpret return on investment (ROI)
Requirements
  • Understanding of basic accounting terms
Description

Responsibility accounting & performance measures.

We will describe the concept of decentralization, how it applies to businesses, and the pros and cons of a more decentralized organization from a centralized one.

The course will cover general managerial accounting concepts necessary to study responsibility accounting, comparing and contrasting managerial accounting and financial accounting.

We will explain what a responsibility accounting system looks like and the benefits of a responsibility accounting system.

The course will discuss the categorization of costs between direct costs and indirect costs and why this categorization between direct and indirect is useful for reporting financial data by department.

We will describe the problems with allocating indirect costs to the proper departments and explain various methods for allocating indirect costs.

The course will describe what a departmental income statement is and how to create a departmental income statement.

We will explore what a forecasted departmental income statement is and put together a forecasted departmental income statement.

The course will discuss other performance measures like return on investment (ROI) and a balance scorecard.

We will also complete a comprehensive problem using preformatted Excel worksheets and step by step instructional videos.

Who this course is for:
  • Accounting students
  • Business owners & professionals
  • Anyone who whats to learn accounting
Course content
Expand all 91 lectures 07:37:17
+ Introduction
7 lectures 37:03
PDF - 155 Performance Evaluation & Department Classifications
00:08
Multiple Choice Question 1
04:48
Accounting Comic Break
00:15
+ Managerial Accounting Overview
18 lectures 01:09:28
2 Managerial Accounting Overview
00:43
PDF - 10 Managerial Accounting Introduction
00:08
10 Managerial Accounting Introduction
13:03
PDF - 20 Cost Classifications
00:08
20 Cost Classifications
09:31
PDF - 30 Product Costs & Period Costs.
00:08
30 Product Costs & Period Costs.ENCODING
16:25
PDF - 40 Prime Costs & Conversion Costs
00:08
40 Prime Costs & Conversion Costs
05:35
PDF - 50 Manufacturer's Balance Sheet
00:08
50 Manufacturer's Balance Sheet
03:15
PDF - 60 Manufacturer's Income Statement
00:08
60 Manufacturer's Income Statement
08:49
PDF - 70 Manufacturing Activities Flow
00:08
70 Manufacturing Activities Flow
07:51
PDF - 80 Just In Time (JIT) Manufacturing
00:08
80 Just In Time (JIT) Manufacturing
02:58
Accounting Comic Break
00:14
+ Responsibility Accounting System
11 lectures 48:54
3 Responsibility Accounting System
00:27
PDF - 160 Controllable vs. Uncontrollable Costs
00:08
160 Controllable vs. Uncontrollable Costs
04:57
PDF - 170 Responsibility Accounting System
00:08
170 Responsibility Accounting System
09:08
PDF - 172 Responsibility Accounting Performance Reports
00:08
172 Responsibility Accounting Performance Reports
09:10
Excel Download
00:05
Worksheet - 172 Performance Report
19:15
Multiple Choice Question 2
05:13
Accounting Comic Break
00:15
+ Direct and Indirect Expenses
5 lectures 14:08
4 Direct and Indirect Expenses
00:57
PDF - 180 Direct & Indirect Expenses
00:08
180 Direct & Indirect Expenses
07:57
Multiple Choice Question 3
04:49
Accounting Comic Break
00:17
+ Indirect Expenses Allocation
13 lectures 01:19:54
5 Indirect Expenses Allocation
01:23
PDF - 190 Indirect Expenses Allocation
00:08
190 Indirect Expenses Allocation
09:00
PDF - 192 Indirect Expense Allocation
00:08
192 Indirect Expense Allocation
13:38
Excel Download
00:05
Worksheet - 192 Indirect Expense Allocation
19:41
PDF - 194 Allocation of Occupancy Costs
00:08
194 Allocation of Occupancy Costs
15:36
Excel Download
00:05
Worksheet - 194 Allocation of Occupancy Costs
15:00
Multiple Choice Question 4
04:47
Accounting Comic Break
00:15
+ Departmental Income Statements
9 lectures 42:43
6 Departmental Income Statements
00:45
PDF - 200 Departmental Income Statement Steps
00:08
200 Departmental Income Statement Steps
05:11
PDF - 210 Example - Departmental Income Statement Steps
00:08
210 Example - Departmental Income Statement Steps
17:34
Excel Download
00:05
Worksheet - 211 Cost Allocations on a Sales Value Basis
12:40
Multiple Choice Question 5
05:57
Accounting Comic Break
00:15
+ Forecasted Departmental Income Statement
7 lectures 44:33
7 Forecasted Departmental Income Statement
00:43
PDF - 212 Forecasted Departmental Income Statement
00:08
212 Forecasted Departmental Income Statement
12:52
Excel Download
00:05
Worksheet - 212 Forecasted Departmental Income Statement
24:29
Multiple Choice Question 6
06:00
Accounting Comic Break
00:16
+ Return on Investment (ROI)
9 lectures 53:20
8 Return on Investment (ROI)
00:45
PDF - 220 Investment Center Return On Investment (ROI)
00:08
220 Investment Center Return On Investment (ROI)
11:05
Excel Download
00:05
Worksheet - 220 Investment Center Return On Investment (ROI)
18:19
Multiple Choice Question 7
05:06
Multiple Choice Question 8
04:18
Short Calculation 1
13:19
Accounting Comic Break
00:15
+ Balance Scorecard
7 lectures 36:36
9 Balance Scorecard
00:19
PDF - 250 Balance Scorecard
00:08
250 Balance Scorecard
10:19
Multiple Choice Question 9
04:23
Multiple Choice Question 10
07:27
Short Calculation 2
13:44
Accounting Comic Break
00:16
+ Comprehensive Problem
5 lectures 30:38
10 Comprehensive Problem
00:38
Excel Download
00:05
Worksheet - 210 Comp Expense Allocation to Department
20:18
Multiple Choice Question 11
09:22
Accounting Comic Break
00:15