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The Basics of Managerial Accounting


Course Overview

This course will discuss a branch of Accounting where it would put you in the position of a decision-maker of a business, whether as the owner, manager, or someone in the top management of the company. The primary goal of Accounting, in general, is to provide information for decision making, and Managerial Accounting focuses on information used by internal business owners and managers, and employees.

What You Will Learn

Upon completion of this course, the learners are expected to:

  • identify the vital role that Managerial Accounting information plays in organizations; and
  • learn the basic and commonly-used concepts in Managerial Accounting, such as the nature of cost and its classifications, costing of product, profit planning or estimation, and budgeting for a business.

Course Instructor

Course Staff Image #1

Ralph Michael Licaros

Subject Matter Expert

Course Content

Module 1: Introduction to Managerial Accounting

12 Videos| 7 Activities

12 Videos

  • Welcome to the course!
  • Definition of Management Accounting
  • Comparison with Other Accounting Branches
  • Objectives of Management Accounting Information
  • Classifications of Responsibility Centers
  • Cost Definition
  • Direct and Indirect Costs
  • Fixed and Variable Costs
  • Period and Product Costs
  • Product Costs: Materials, Labor, Overhead
  • Controllable and Uncontrollable Costs
  • Other Types of Cost

7 Activities

  • Recall Activity: Checkboxes
  • Recall Activity: Drag and Drop
  • Recall Activity: Checkboxes
  • Recall Activity: Dropdown
  • Practice Activity: Numerical Input
  • Recall Activity: Dropdown
  • Quiz: Introduction to Managerial Accounting

Module 2: Break-Even Point Analysis (BEP) and Cost-Volume-Profit (CVP) Analysis

5 Videos | 4 Activities

5 Videos

  • Importance to Profit Planning
  • Cost Behavior
  • Variables of Profit
  • Unit CM, CM Ratio, VC
  • Multi-Product BEP and CVP Analysis

4 Activities

  • Recall Activity: Dropdown
  • Recall Activity: True or False
  • Practice Activity: Numerical Input
  • Quiz: Break-Even Point Analysis (BEP) and Cost-Volume-Profit (CVP) Analysis

Module 3: Budgeting for Planning and Control

7 Videos | 3 Activities

7 Videos

  • Definition of Terms
  • Objectives and Functions
  • Advantages
  • Limitations
  • General Process in Budgeting
  • Components of the Master Budget
  • Operating Budget vs. Capital Expenditure Budget

3 Activities

  • Recall Activity: Reflection Entry
  • Practice Activity: Numerical Input
  • Quiz: Budgeting for Planning and Control

Module 4: Final Exam

1 Activity

1 Activity

  • Final Exam: Business Case
  1. Course Number

  2. Classes Start

  3. Estimated Effort

    1-3 hours/week
  4. Price