Cost and Managerial Accounting Part 1

Cost and Managerial Accounting – Part 1, available at $64.99, has an average rating of 4.43, with 41 lectures, 7 quizzes, based on 106 reviews, and has 645 subscribers.

You will learn about The difference between financial and managerial accounting The difference between costs and expenses The various classifications of costs Cost behavior and the determination of variable versus fixed costs How to estimate costs at expected future levels How to decide between making or buying parts (outsourcing) Cost-Volume-Profit Analysis Identify and understand Porters Five Forces The difference between Marginal and Average Costs Activity Based Costing How to determine the break even point How to perform differential cost analysis The difference between Absorption vs Variable Costing The difference between Job Order and Process Costing The Difference Between Product and Period Costs How to Decide Between Selling or Processing Further How to Decide Whether To Accept a Special Order This course is ideal for individuals who are This accounting course is for anyone who wants to learn more about accounting. This course starts at the ground level, with no assumption that you have any prior experience. If you are taking an accounting course and are having trouble understanding the topics this course is for you. If you are looking to enhance your career by understanding more about accounting, this course is for you. This course does not get into the more advanced accounting topics, though I do have other courses for this. It is particularly useful for This accounting course is for anyone who wants to learn more about accounting. This course starts at the ground level, with no assumption that you have any prior experience. If you are taking an accounting course and are having trouble understanding the topics this course is for you. If you are looking to enhance your career by understanding more about accounting, this course is for you. This course does not get into the more advanced accounting topics, though I do have other courses for this.

Enroll now: Cost and Managerial Accounting – Part 1

Summary

Title: Cost and Managerial Accounting – Part 1

Price: $64.99

Average Rating: 4.43

Number of Lectures: 41

Number of Quizzes: 7

Number of Published Lectures: 41

Number of Published Quizzes: 7

Number of Curriculum Items: 48

Number of Published Curriculum Objects: 48

Original Price: $19.99

Quality Status: approved

Status: Live

What You Will Learn

The difference between financial and managerial accounting

The difference between costs and expenses

The various classifications of costs

Cost behavior and the determination of variable versus fixed costs

How to estimate costs at expected future levels

How to decide between making or buying parts (outsourcing)

Cost-Volume-Profit Analysis

Identify and understand Porters Five Forces

The difference between Marginal and Average Costs

Activity Based Costing

How to determine the break even point

How to perform differential cost analysis

The difference between Absorption vs Variable Costing

The difference between Job Order and Process Costing

The Difference Between Product and Period Costs

How to Decide Between Selling or Processing Further

How to Decide Whether To Accept a Special Order

Who Should Attend

This accounting course is for anyone who wants to learn more about accounting. This course starts at the ground level, with no assumption that you have any prior experience. If you are taking an accounting course and are having trouble understanding the topics this course is for you. If you are looking to enhance your career by understanding more about accounting, this course is for you. This course does not get into the more advanced accounting topics, though I do have other courses for this.

Target Audiences

This accounting course is for anyone who wants to learn more about accounting. This course starts at the ground level, with no assumption that you have any prior experience. If you are taking an accounting course and are having trouble understanding the topics this course is for you. If you are looking to enhance your career by understanding more about accounting, this course is for you. This course does not get into the more advanced accounting topics, though I do have other courses for this.

Accounting often referred to as the “language of business.” Whether you are going into management or actually going to be an accountant, you need to be familiar with the basics of accounting. This includes understanding the concepts of debits and credits, assets and liabilities, revenues and expenses, dividends and equity. From an investor’s perspective, the business results are communicated through the financial statements, including the income statement, statement of owner’s equity, balance sheet and statement of cash flow. These are all discussed in this course!

This course is for those students who have not had much (or any) experience in accounting and are looking to enhance their understanding of it, to either help pass a course or to enhance your business career. It is for anyone who may have felt lost in prior accounting courses and wants real life examples and a down to earth explanation, rather than something read word for word out of a textbook. Is this you? Then you are in the right place!

This course is taught by an instructor with over eleven years of training experience, including corporate training, face to face instruction, and online course development. In addition to the lectures and study material common to many other courses, this course also has a downloadable textbook/study note file, along with downloadable Excel templates paired with a lecture walking through the solution once you are done. To test your knowledge of the basic concepts we also have quizzes after each section to make sure you feel comfortable with the topic before moving on to the next one.

At the end of this course, you will have a better understanding of the mechanics of accounting, the concepts, and the goals of accounting in general. You will be able to pass that class!! Let’s get started!

Course Curriculum

Chapter 1: Introduction

Lecture 1: Video – Introduction

Chapter 2: Managerial Accounting Concepts

Lecture 1: Study Notes – Comparison of Managerial and Financial

Lecture 2: Video – Managerial vs Financial

Lecture 3: Study Notes – Understanding Missions, Goals, and Strategic Analysis

Lecture 4: Video – Missions, Goals, and Strategies

Lecture 5: Study Notes – Porters Five Forces, Competition and Quality

Lecture 6: Video – Porters Five Forces

Lecture 7: Study Notes – Ethics

Lecture 8: Video – Ethics

Chapter 3: Understanding Cost

Lecture 1: Study Notes – Cost Terms and Classifications

Lecture 2: Video – Cost Terms and Classification

Lecture 3: Study Notes – Cost Estimation-High Low Method, Scattergraph, Regression Analysis

Lecture 4: Video – High Low Method

Lecture 5: Downloadable Exercise Template – High Low Method

Lecture 6: Video – Activity Based Costing

Lecture 7: Practice Exercise – Activity Based Costing

Chapter 4: Cost-Volume-Profit Analysis

Lecture 1: Study Notes – Cost Volume Profit (CVP) Analysis

Lecture 2: Video – Cost-Volume-Profit Analysis

Lecture 3: Video – CVP – Traditional vs. Variable Income Statement

Lecture 4: Solution Review Video – CVP Exercises

Lecture 5: Video – Misc. CVP Problems

Lecture 6: Video – Multi Product Break Even Analysis Example

Chapter 5: Managerial Decision Making

Lecture 1: Study Notes – Relevant Costs

Lecture 2: Study Notes – Special Orders

Lecture 3: Video – Special Orders

Lecture 4: Study Notes – Make or Buy (Outsourcing)

Lecture 5: Video – Outsourcing or Make or Buy

Lecture 6: Solution Review Video – Make or Buy Exercise

Lecture 7: Study Notes – Sell or Process Further

Lecture 8: Video – Sell or Process Further

Lecture 9: Solution Review Video – Sell or Process Further Exercise

Lecture 10: Study Notes – Scarce or Limited Resources Special Decisions

Lecture 11: Video – Scarce Resources

Lecture 12: Solution Review Video – Scarce or Limited Resources Exercise

Chapter 6: Job Order vs. Process Costing

Lecture 1: Study Notes – Product vs. Period Costs

Lecture 2: Video – Product vs. Period Costs

Lecture 3: Study Notes – Absorption vs. Variables Costing

Lecture 4: Video – Absorption vs. Variable Costing

Lecture 5: Study Notes – Cost of Goods Manufactured and Cost of Goods Sold

Lecture 6: Solution Review Video – Cost of Goods Manufactured Schedule

Chapter 7: Downloadable Textbook/Study Notes for the Entire Course

Lecture 1: Downloadable Textbook/Study Notes for the Entire Course

Instructors

Chris Severson
Accounting Professor, Training Manager, and Course Developer

Rating Distribution

1 stars: 1 votes

2 stars: 1 votes

3 stars: 20 votes

4 stars: 27 votes

5 stars: 57 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

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Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!