Dr. John's Get A in your Management Accounting 201 course
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Dr. John's Get A in your Management Accounting 201 course

Expert help and advice for you in your management accounting course. I will be constantly updating this course.
4.1 (14 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,135 students enrolled
Created by John Mclellan
Last updated 8/2017
English
Price: $50
30-Day Money-Back Guarantee
Includes:
  • 7.5 hours on-demand video
  • 14 Articles
  • 74 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Know how to Describe the role of budgeting in the planning, control, and resource allocation process and develop different types of budgets using spreadsheets
  • Know how to Apply the concept of responsibility accounting in managerial performance evaluation
  • Know how to Apply the concepts of management accounting to the various activities in the organization by analyzing different types of costs and use them in decision making situations
  • Know how to Identify relevant costs and use the Incremental Analysis in decision making process to support the decision making process
  • Get an "A" in your Management Accounting College or University course.
  • Improve your GPA by getting an A+ in Accounting
  • Understand how different costs behave as business activity increases. Fixed Costs. Variable costs and Mixed costs.
  • Be ab;e to use the cost/volume/profit model to predict future profits.
  • Understand cost accounting - both job cost and process costing methods.
  • Perform incremental analysis in special order decision making.
  • Understand relevant costing in the decision making process.
  • Apply the concept of responsibility accounting in managerial performance evaluation
View Curriculum
Requirements
  • Students need to know financial accounting and how to use basic Excel
  • Students should have a basic knowledge on introductory financial accounting.
Description

In this course, we cover the many Management Accounting tools and techniques that would be part of a Managerial ( Management) Accounting university course. We cover such topics as budgeting, activity based costing, cost volume profit analysis, incremental analysis, relevant cost analysis and the Balanced Scorecard.. There are many problems with video solutions. I will be continuing to add problems for you to practice.

Learn and Master Each Management Accounting Tools and Techniques.

  • What is management accounting and how does it differ from financial accounting
  • The roles of managers
  • Understand how cost behave with changes in sales activity
  • Know how to develop the contribution margin
  • Know how to produce a cost volume profit income statement
  • CVP for a multi - product company
  • Know what operating leverage is  how to calculate it and what it means
  • Understand how costs change when sales changes
  • Develop a CVP analysis for a multi - product company
  • Understand operating leverage, how to calculate it and what it means to senior management
  • Know how a job costing system works.
  • Complete a Job Costing accounting system using excel spreadsheets.
  • Design an activity based costing system using excel spreadsheets.
  • Develop an activity based accounting model
  • Understand activity based management
  • Solve Make or Buy decisions using Incremental analysis.
  • Solve Special Order decisions using incremental analysis.
  • Solve Equipment Replacement questions using relevant cost analysis.
  • Prepare a Master Budget using excel spreadsheets to plan business operations.
  • Know how to use the Flexible Budget to control operations.
  • Perform Budget variance analysis.
  • Understand the Balanced Scorecard and how it used in evaluating performance.

 There are a number of excel projects on costing systems and budgeting and practice midterm and final exams with marking keys that highlight where an exam marker will award you marks. You can mark yourself.

If you can get an "A+" on the midterm and final exams in this course - you'll get an A from your accounting prof.

Who is the target audience?
  • Those who want to be "A" students
  • College and university students taking an introductory management or managerial accounting course.
  • Business people who have business experience and want to understand more about planning and controlling of business operations and be able to make more informed business decisions.
Compare to Other Accounting Courses
Curriculum For This Course
116 Lectures
07:56:39
+
How to Proceed through this course
2 Lectures 03:20
+
Module 1 - Lecture - Introduction to Managerial Accounting
2 Lectures 10:26
+
Module 1 - Resources
3 Lectures 02:10

Management Accounting Terms
00:01

Mindmap on Managerial Accounting.pdf
00:02
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Module 1- Activities
3 Lectures 06:41

This is a game that you practice in order to master the content.

Preview 01:14

Practice your understanding of the three roles of a manager.

Preview 00:45

Practice Problems on Managerial Accounting
04:42

Test Your Understanding on Managerial Accounting
5 questions
+
Module 2 - Lecture on Manufacturing Costs & Manufacturer's Financial Statements
2 Lectures 11:54

Know the three classifications of manufacturing costs - Direct Material, Direct Labor and Manufacturing Overhead.

Preview 05:53

Know how to distinguish between a Merchansiing Company and a Manufacturing Company

Preview 06:01
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Module 2 Resources
4 Lectures 07:53

Print  this in PDF and use as a mind map

Manufacturing Costs.mp4
03:50

Overview of a Manufacturing Plant
02:49

Print  this in PDF and use as a mind map

Quick & Dirty Summary of Manufacturing Costs.mp4
01:12

Mindmap on manufacturing costs.pdf
00:02
+
Module 2 - Activities to deepen your understanding
5 Lectures 26:52
Game: Manufacturing Costs
01:09

Game: Product vs Period Costs
00:32

Print  this in PDF and use as a mind map

Manufacturing costs in the financial statements.mp4
02:08

Try these excel problems. Download from resources. After completing - check video.

Excel Problem #1
08:03

Try these excel problems on manufacturing statements. Download from resources. After completing - check video.
Excel Problem #2
15:00

Test Your Understanding on Manufacturing Costs
5 questions
+
Module 3 -Lectures on Cost Behaviour Analysis
3 Lectures 33:55

Once we have the costs of a company broken into fixed and variable costs - we can then re-format the income statement into a contribution margin and present a cost-volume-profit income statement - a very useful management forecasting tool.

Lecture -Understanding Cost Behavior and the contribution margin
10:29

Business activity can be considered to be either sales or production. If sales (or production) increases then which costs in a business will increase and by how much?

Preview 12:57

Another lecture on cost behaviour
10:29
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Module 3 - Resources
8 Lectures 16:04

Print this off in PDF and keep for future reference.

Cost Behaviour.mp4
03:02

Print this off in PDF and keep for future reference.

Mixed Costs.mp4
04:06


Demonstration Problem on Fixed and Variable Costs
02:12

Demonstration Problem on Cost behaviour
02:08

Demonstration problem on High/Low analysis
01:23

Demo on Cost Behaviour
01:15

Mind Map for Cost Behaviour concepts
00:00
+
Module 3 - Activities to deepen your understanding
7 Lectures 12:23
Game; Cost Behaviour
01:02

Game - Cost Behaviour statements to be completed
00:32

Cost behaviour Problems in Excel
00:38

Contribution Margin problems
00:31

Excel Problems on Module 3
00:00

Test Your Understanding on Cost Behaviour
6 questions

We go over a number of multiple choice questions that I have chosen to highlight the major concepts.

Level A questions test your knowledge of the concepts in this section.

You can download the questions and try them before viewing the video or you can keep pausing the video and answer before I do,

More Multiple Choices Questions - Level A ( Knowledge Questions)
04:17

We go over a number of multiple choice questions that I have chosen to highlight the major concepts.

 and test your understanding.

Level B questions are designed to test your ability to apply the management concepts in this section.

You can download the questions and try them before viewing the video or you can keep pausing the video and answer before I do,

More Multiple Choice questions - Level B - (Application Problems)
05:23
16 More Sections
About the Instructor
John Mclellan
4.4 Average rating
150 Reviews
4,910 Students
13 Courses
Accounting Professor

I am a Professor of Accounting with over thirty-five years experience teaching accounting to college students, undergraduate and MBA university students as well as CMA candidates seeking to earn their Professional Certified Management Accountant Designation.

I achieved my Certified Management Accountant Designation 40 years ago. With that I then earned my Masters of Business Administration degree and later a PHD in accounting.

I have developed and will continue to develop a number of courses in both Financial Accounting and Management Accounting for you - a college or university student (or even a secondary student) to help you to achieve the best result in your undergraduate accounting course. If you get an "A" from me I guarantee you will get an "A" from your accounting prof.

For Graduate students, I have a course to prepare those of you who do not have a business degree for the Masters of Business Administration. Also I have a course at the masters level called Managerial Accounting.

For CMA Candidates, I have courses to prepare you to successfully pass their Certified Management Accounting Exams offered by Institute of Management Accountants.


Dr. John