Introduction to Management Accounting
A free video tutorial from Manipal Global
Professional Certificate Programs to enhance Your Skills
4 courses
2,922 students
Lecture description
In this video, you will learn the definition of Management Accounting and its functions. You will also learn the differences between Financial Accounting and Management Accounting.
Learn more from the full course
Certificate Program In Management Accounting
Learn how to analyse financial statements to make the right decisions that will add value to the organisation.
02:58:13 of on-demand video • Updated April 2014
By the end of this course, you will be able to:
• Define Management Accounting and its functions
• Differentiate between Financial Accounting and Management Accounting
• Explain and describe some techniques of financial statement analysis
• Describe the relevance of a funds flow statement
• Prepare a funds flow statement
• Explain the meaning and purpose of cash flow analysis
• Explain the process to be followed to prepare a cash flow statement
• Describe the format of a cash flow statement
• List the important terms in Costing
• Describe the assumptions of marginal costing
• Explain CVP analysis, break-even analysis and margin of safety
• Apply CVP analysis in managerial decision-making
• Define budgets and budgetary control
• Explain the importance of variance analysis
• Describe material and labour costs