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Managerial Accounting Masterclass
Take advantage of the Managerial Accounting Masterclass to learn the fundamentals of efficient financial management for businesses.
Course Highlights
The fundamental and intricate facets of managerial accounting are thoroughly explored in the masterclass course. Following an overview of the fundamentals, this course delves deeply into issues of process costing versus work cost, which are critical to precisely estimating project expenses. Learning how to evaluate cost behaviour and how it affects strategic and operational choices will be imparted to participants. Budgeting strategies that improve financial forecasting and planning are also covered in the programme. The concluding segment covers the capital investment choices and performance appraisal, imparting techniques for effectively evaluating the health and profitability of corporations.
Enrol in this Managerial Accounting Masterclass course and elaborate your career today!
Learning outcome
- Understand the principles and objectives of managerial accounting.
- Differentiate between process costing and job costing techniques.
- Analyze various types of cost behavior in business scenarios.
- Develop comprehensive budget plans for better financial management.
- Implement performance evaluation techniques to assess organizational efficiency.
- Make informed decisions regarding capital investments.
- Apply managerial accounting tools to real-world business challenges.
Course media
Why should I take this course?
- Master essential managerial accounting skills to boost your career.
- Enhance your ability to make strategic financial decisions.
- Gain proficiency in budgeting and financial planning.
- Learn to evaluate business performance comprehensively.
- Prepare for advanced roles in financial management.
Career Path
- Financial Manager
- Cost Accountant
- Budget Analyst
- Internal Auditor
- Financial Analyst
Requirements
- Basic understanding of accounting principles.
- Commitment to actively participate and complete assignments.
- Access to financial calculation tools or software.
Course Curriculum
Course Curriculum
| Section 01: Managerial Accounting Intro | |||
| Managerial Accounting Defined | 00:05:00 | ||
| Financial Accounting Compared to Managerial Accounting | 00:09:00 | ||
| Trends | 00:14:00 | ||
| Section 02: Foundation Concepts | |||
| Foundation Concepts part 1 | 00:09:00 | ||
| Foundation Concepts part 2 | 00:10:00 | ||
| Foundation Concepts part 3 | 00:11:00 | ||
| Section 03: Process costing vs Job Cost | |||
| Process costing vs Job Cost | 00:08:00 | ||
| Job cost part 1 | 00:10:00 | ||
| Job cost part 2 | 00:08:00 | ||
| Allocating costs to multiple products | 00:01:00 | ||
| Departmental Overhead Rate | 00:09:00 | ||
| Activity Based Costing | 00:11:00 | ||
| Section 04: Cost Behavior | |||
| Cost Behavior | 00:12:00 | ||
| Cost Behavior Continued | 00:16:00 | ||
| Break Even Point Changes | 00:06:00 | ||
| Break Even Point Changes | 00:06:00 | ||
| Sales Mix | 00:08:00 | ||
| Pricing | 00:13:00 | ||
| Short Term Decisions | 00:13:00 | ||
| Section 05: Budgeting | |||
| Budgeting Intro | 00:12:00 | ||
| Budgeting continued | 00:15:00 | ||
| Operating Budgets | 00:06:00 | ||
| Cash Budget | 00:09:00 | ||
| Budgeted Balance Sheet | 00:05:00 | ||
| Section 06: Performance Evaluation | |||
| Performance Evaluation | 00:12:00 | ||
| Performance Evaluation Cont p1 | 00:11:00 | ||
| Performance Evaluation Cont p2 | 00:07:00 | ||
| Standards | 00:09:00 | ||
| Standard Costs Continued | 00:16:00 | ||
| Section 07: Capital Investment | |||
| Capital Investment Decisions | 00:12:00 | ||
| Capital Investment Analysis | 00:14:00 | ||
| Assignment | |||
| Assignment – Managerial Accounting Masterclass | 00:00:00 | ||
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1 Year Access 
10 Students 
5 hours, 7 minutes