Formulating for Success!

Managerial Accounting

Course Description

Managerial accounting is concerned with providing information to managers- that is, to those who are inside an organization and who direct and control its operations. Managerial accounting can be contrasted with financial accounting, which is concerned with providing information to stockholders, creditors and others who are outside an organization. Managerial accounting information include information on the costs of an organization’s products and services, budgets, performance reports, and other information which assist managers in their planning and control activities.

This course emphasizes the use of accounting information for internal planning and control purposes, and is intended as an introduction for individuals who will make business decisions and evaluate the performance of managers and business units using data obtained from the accounting system. The course will also cover the vocabulary and mechanics of cost accounting, basic issues involved in the design of a managerial accounting system, and the role of management accounting in decisions concerning resource allocation and performance evaluation.

Course Outcome

After completing Managerial Accounting students, will be equipped with a basic understanding of the following:

• Designing managerial information systems to support an organization’s strategy
• The limitations of traditional costing systems
• Budgeting and cash planning
• Activity-based costing and activity-based management
• Revenue-cost behavior and cost-volume-profit analysis
• Relevant costs and relevant revenues in business decisions
• Performance evaluation
• Management control and control systems.

Recommended Prerequisites

This course is an intended for business, engineering, or IT professionals who seek a fundamental understanding of managerial accounting, and how to better make real-time business decisions. A general understanding of mathematics is required.

Assessment

Students will be assigned 5 homework assignments, and 5 exams.

Managerial Accounting and the Business Environment

Cost Terms, Concepts, and Classifications

Job Order Costing

Process Costing

Activity Based Costing

Cost-Volume-Profit Relationships

Absorption & Variable Costing

Profit Planning

Flexible Budgets and Overhead Analysis

Use of Managerial Accounting for Decision Making

Course Delivery

This course is Instructor-led and delivered through our award-winning online Learning Management System. See our FAQ for more details.

Education Credit

This course has 20 contact hours and can be used for 2 Continuing Education Units (CEUs).

Course Registration

Course only: $149

Course + Certificate: $195