The Basics of Managerial Accounting
iACADEMY
Course Overview
By the end of this course, you will appreciate the vital role that managerial accounting information plays in organizations. You will also learn the basic and commonly-used concepts in managerial accounting, such as the nature of cost and its classifications, costing of products, profit planning or estimation, and budgeting for a business.
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
- determine the basic and commonly-used concepts in managerial accounting
Course Instructor
Ralph Michael Licaros
Subject Matter Expert
Course Content
Module 1: Introduction to Managerial Accounting
12 Videos| 2 Activities
12 Videos
- Welcome to the course!
- Basics of Management Accounting
- Comparison with Other Accounting Branches
- Direct and Indirect Costs
- Period and Product Costs
- Controllable and Uncontrollable Costs
- Other Types of Cost
- Materials
- Labor
- Overhead
- Job Order Costing
- Job Order Costing
2 Activities
- Recall Activities
- Exit Assessment
Module 2: Break-Even Point Analysis (BEP) and Cost-Volume-Profit (CVP) Analysis
5 Videos | 2 Activities
5 Videos
- Importance to Profit Planning
- Cost Behavior
- Variables of Profit
- Unit CM, CM Ratio, VC
- Multi-Product BEP and CVP Analysis
2 Activities
- Recall Activities
- Exit Assessment
Module 3: Budgeting for Planning and Control
7 Videos | 2 Activities
7 Videos
- Definition
- Objectives and Functions
- Advantages
- Limitations
- General Process in Budgeting
- Components of the Master Budget
- Operating Budget vs. Capital Expenditure Budget
2 Activities
- Recall Activities
- Final Exam