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Keep shoppingCost and Managerial Accounting - Part 2
1,061 students
Cost and Managerial Accounting - Part 2
Understanding Standard Costs, Budgets, and Variance Analysis
Created byChris Severson
Last updated 3/2024
English
What you'll learn
- Understand and prepare static and flexible budgets
- Understand variance analysis and calculate favorable vs. unfavorable variances
- Understand standard costing
- Understand capital budgeting techniques
- Understand different pricing strategies and target costing
- Understand the costs of quality
- Understand the balanced scorecard
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Course content
6 sections • 27 lectures • 3h 52m total length
Requirements
- The only requirement for this course is a desire to learn more about accounting. No specific software or textbooks are required. We will start from the ground level of managerial accounting and work our way through the concepts.
Description
Accounting often referred to as the “language of business.” Whether you are going into management or actually going to be an accountant, you need to be familiar with the basics of accounting. This includes understanding the concepts of debits and credits, assets and liabilities, revenues and expenses, dividends and equity. From an investor’s perspective, the business results are communicated through the financial statements, including the income statement, statement of owner’s equity, balance sheet and statement of cash flow. These are all discussed in this course!
This course is for those students who have not had much (or any) experience in accounting and are looking to enhance their understanding of it, to either help pass a course or to enhance your business career. It is for anyone who may have felt lost in prior accounting courses and wants real life examples and a down to earth explanation, rather than something read word for word out of a textbook. Is this you? Then you are in the right place!
This course is taught by an instructor with over 20 years of training experience, including corporate training, face to face instruction, and online course development. In addition to the lectures and study material common to many other courses, this course also has a downloadable textbook/study note file, along with downloadable Excel templates paired with a lecture walking through the solution once you are done. To test your knowledge of the basic concepts we also have quizzes after each section to make sure you feel comfortable with the topic before moving on to the next one.
At the end of this course, you will have a better understanding of the mechanics of accounting, the concepts, and the goals of accounting in general. You will be able to pass that class!! Let’s get started!
Who this course is for:
- This course is for anyone who wants to learn more about managerial accounting. This course starts after the first managerial accounting course, though there is not necessarily a requirement to take that course first to benefit from this one. If you are taking this course in another classroom and are having trouble understanding the topics this course is for you. If you are looking to enhance your career by understanding more about accounting, this course is for you. This course does not get into the more advanced accounting topics, though I do have other courses for this.