ACC 210: Managerial Accounting

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Course Curriculum

1. Course Overview & Learning Outcomes
  FREE PREVIEW
1. Introduction
1. Managerial Accounting vs. Financial Accounting
2. Quiz 1.1
1. Video: Cost classification chart and video explanation
2. Cost Classification: Product vs. Period Costs
3. Quiz 1.2
1. Video: Cost classification/behavior chart and video explanation
2. Cost Behavior: Variable, Fixed, and Mixed Costs
3. Quiz 1.3
1. Understanding the Relevant Range of Production in Cost Estimation
2. Quiz1.4
1. Video: Budgeting chart and video explanation
2. Predicting Mixed Costs and Identifying Activity Drivers in Cost Analysis
3. Quiz 1.5
1. KEY CONCEPTS AND SUMMARY CHAPTER 1
1. Introduction
1. Understanding Financial Statements and Their Preparation
2. Quiz 2.1
1. Financial Statements Overview: Understanding the Results of Operations and Financial Position
2. Quiz 2.2
1. Statement of Retained Earnings
2. Quiz 2.3
1. Understanding the Balance Sheet: A Comprehensive Guide to Financial Position and the Accounting Equation
2. Quiz 2.4
1. Understanding the Classified Balance Sheet and Liquidity Measures
2. Quiz 2.5
1. Understanding the Statement of Cash Flows
2. Quiz 2.6
1. Understanding Financial Statement Analysis: Internal vs. External Perspectives
2. Quiz 2.7
1. Financial Statement Analysis: Horizontal Analysis and Its Importance
2. quiz 2.8
1. Vertical Analysis: A Standardized Approach to Financial Statement Evaluation
2. Quiz 2.9
1. Key Financial Metrics for Evaluating a Company's Performance: Liquidity, Solvency, and Profitability
2. Quiz 2.10
1. Key Concepts and Summary
1. Introduction
1. Understanding Job-Order Costing and Its Application in Manufacturing
2. Quiz 3.1
1. Video: Chart of accounts used for job-order cost accounting and video explanation
2. Flow of Inventory Costs in a Job-Order Costing System
3. Quiz 3.2
1. Video: Formula for organizational predetermined manufacturing overhead rate and video explanation
2. Predetermined manufacturing overhead rate
3. Quiz 3.3
1. Applying Manufacturing Overhead to Jobs in a Job-Order Costing System
2. Quiz 3.4
1. Video: Job cost sheet and video explanation
2. Job Cost Sheets
3. Quiz 3.5
1. Video: Data for departmental predetermined manufacturing overhead rates and video explanation.
2. Using Multiple Predetermined Manufacturing Overhead Rates for Accurate Cost Allocation
3. Quiz 3.6 UPDATED
4. Quiz 3.6
1. Key Concepts and Summary
1. Introduction
1. Process Costing in Manufacturing Operations
2. QUIZ UPDATED
3. Quiz 4.1
1. Final Transfer of Costs and Accumulation in Process Costing
2. Quiz 4.2
1. Goals of Process Costing and Example of Cost Calculation for Packaging Department
2. QUIZ UPDATED
3. Quiz 4.3
1. KEY CONCEPTS AND SUMMARY CHAPTER 4
1. Introduction
1. Advanced Cost-Volume-Profit (CVP) Analysis for Strategic Decision-Making
2. Quiz 5.1
1. Video: Contribution margin income statement and video explanation
2. Analyzing Profitability through Cost-Volume-Profit (CVP) Analysis Using the Contribution Margin Income Statement
3. Quiz 5.2
1. Video: Using CVP to forecast changes in contribution margin and net operating income from an increase in sale quantity
2. Cost-Volume-Profit (CVP) Analysis and the Impact of Changes in Sales Quantity
3. Quiz 5.3
1. Analyzing Net Operating Income through Cost-Volume-Profit (CVP) Analysis
2. Quiz 5.4
1. Break-Even and Target Profit Analysis Using Contribution Margin
2. Quiz 5.5
1. KEY CONCEPTS AND SUMMARY
2. VIDEO: Job Order Costing System Review
3. Manufacturing vs. Service Accounts
4. Tracking Costs: An Example
5. Lesson Summary
1. Introduction
1. Video: Overview of organizational segments
2. Understanding the Purposes of Segmented Income Reporting
3. Quiz 6.1
1. Preparing and Analyzing Segmented Income Statements
2. Quiz 6.2
1. Contribution Margin and Segment Margin in Segmented Income Reporting
2. Quiz 6.3
1. Understanding Traceable and Common Fixed Costs in Segmented Income Reporting
2. Quiz 6.4
1. Analyzing Multi-Layered Segmented Income Statements and Fixed Costs Allocation
2. Quiz 6.5
1. Video: Segment cost volume profit analysis
2. Advanced Segment Cost-Volume-Profit (CVP) Analysis for Strategic Decision-Making
3. Quiz 6.6
1. Video: Computing breakeven
2. Breakeven Calculations and Target Profit Analysis in Segmented Income Reporting
3. Quiz 6.7
1. Key Concepts and Summary
1. Introduction
1. Strategic Budgeting: Planning, Controlling, and Performance Evaluation
2. Quiz 7.1
1. Understanding the Interrelationships within the Master Budget
2. Quiz 7.2
1. Video: Preparing the sales budget
2. Sales Budgeting and Forecasting: A Practical Approach for Wonderball, Inc.
3. Quiz 7.3
1. Video: Preparing the production budget
2. Advanced Production Budgeting and Inventory Management for Wonderball, Inc.
3. Quiz 7.4
1. Video: Constructing a direct materials purchases budget video explanation
2. Strategic Direct Materials Budgeting for Wonderball, Inc.
3. Quiz 7.5
1. Video: Preparing the direct labor budget
2. Strategic Direct Labor Budgeting for Wonderball, Inc.
3. Quiz 7.6
1. Video: Preparing the manufacturing overhead budget
2. Mastering the Manufacturing Overhead Budget for Wonderball, Inc.
3. Quiz 7.7
1. Video: Preparing the cost of goods sold budget
2. Comprehensive Cost of Goods Sold (COGS) Budgeting for Wonderball, Inc.
3. Quiz 7.8
1. Video: Preparing the selling and administrative expenses (S&A expenses) budget
2. Analyzing the Selling and Administrative Expenses Budget for Wonderball, Inc.
3. Quiz 7.9
1. Video: Preparing the budgeted income statement
2. Preparing and Analyzing the Budgeted Income Statement for Wonderball, Inc.
3. Quiz 7.10
1. Key Concepts and Summary
1. Introduction
1. Planning Budgets, Cost Formulas, and Cost Behavior
2. Quiz 8.1
1. Video: Preparing a planning budget income statement video explanation
2. Planning Budgets and the Budgeted Income Statement
3. Quiz 8.2
1. Video: Planning budgeted income statement and actual income statement video explanation
2. Limitations of Planning Budgets for Performance Evaluation
3. Quiz 8.3
1. Video: Preparing a flexible budget income statement video explanation
2. Flexible Budgets for Performance Evaluation
3. Quiz 8.4
1. Flexible Budget Variances and Performance Evaluation
2. QUIZ 8.5
1. KEY CONCEPTS AND SUMMARY
1. Introduction
1. Video: Standard costs for manufacturing costs
2. Standard Costs and Variance Analysis in Manufacturing
3. QUIZ 9.1
1. Video: Computing direct materials variances and video explanation
2. Direct Materials Standard Costs and Variance Analysis
3. QUIZ 9.2
1. Direct Labor Standard Costs and Variance Analysis
2. QUIZ 9.3
1. Video: Computing manufacturing overhead variances and video explanation
2. Variable Manufacturing Overhead: Standard Costs and Variance Analysis
3. QUIZ 9.4
1. Standard Costs and Variance Analysis in Manufacturing: Evaluating Production Performance
2. QUIZ 9.5
1. KEY CONCEPTS AND SUMMARY
1. Introduction
1. Organizational Structure: Centralization, Decentralization, and Decision-Making Authority
2. QUIZ 10.1
1. Responsibility Centers and Performance Evaluation in Organizations
2. QUIZ 10.2
1. Video: Return on investment (ROI), profit margin, and asset turnover ratios
2. Evaluating Performance in Investment Centers Using ROI, Profit Margin, and Asset Turnover
3. QUIZ 10.3
1. Video: Computing ROI for multiple scenarios and video explanation
2. Return on Investment (ROI): Advantages, Disadvantages, and Investment Decision-Making
3. Quiz 10.4
1. Social Return on Investment (SROI): Quantifying Social and Environmental Benefits
2. Quiz 10.5
1. Video: Computing residual income for an organization and a project within the organization
2. Residual Income: Evaluating Investment Performance Beyond Minimum Return
3. Quiz 10.6
1. KEY CONCEPTS AND SUMMARY
1. Introduction
1. Differential Decision Making: Using Relevant Costs for Managerial Decisions
2. Quiz 11.1
1. Identifying Relevant and Irrelevant Costs in Decision Making
2. Quiz 11.2
1. Video: Add or drop a segment
2. Differential Decision Making: Adding or Dropping a Segment
3. Quiz 11.3
1. Video: Make or buy (outsourcing) decision
2. Make or Buy Decisions: Evaluating Internal Production vs. Outsourcing
3. Quiz 11.4
1. Video: Differential analysis template for Posh Pet and video explanation
2. Special Order Decisions: Evaluating One-Time Orders Outside Normal Sales Cycles
3. Quiz 11.5
1. Video: Differential analysis template for CheezeChef and video explanation
2. Sell or Process Further Decisions: Evaluating Joint Products and By-Products
3. Quiz 11.6
1. KEY CONCEPTS AND SUMMARY
1. Introduction
1. Capital Budgeting: Methods for Long-Term Financial Decision Making
2. Quiz 12.1
1. Understanding the Payback Period in Capital Budgeting Decisions
2. Quiz 12.2
1. Video: Template to compute payback period, simple rate of return, and video explanation.
2. Simple Rate of Return Method for Investment Screening
3. Quiz 12.3
1. The Time Value of Money Concept
2. Quiz 12.4
1. Video: Internal rate of return
2. The Internal Rate of Return (IRR) Method
3. Quiz 12.5
1. Video: Net present value method
2. Understanding Net Present Value (NPV) Method and Investment Evaluation
3. Quiz 12.6
1. Capital Budgeting Decision-Making and the Impact of Useful Life on Investments
2. Quiz 12.7
1. KEY CONCEPTS AND SUMMARY
1. Final Exam Instructions
2. Final Exam
1. Assignment
2. Rubrics for all Questions

About this course

222 lessons
1750+ Transfer Colleges
ACE & NCCRS Approved
Globally Recognized

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25% Attendance

25% Quiz

25% Assignments

25% Final Exam

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Course Overview & Learning Outcomes

Ch 1 - Managerial Accounting ,Cost Concepts

Ch 1.1 - Managerial accounting versus financial accounting

Ch 1.2 - Cost classification: Product or period

Ch 1.3 - Cost behavior: Variable, fixed, and mixed

Ch 1.4 - Relevant range of production

Ch 1.5 - Predicting mixed costs

KEY CONCEPTS AND SUMMARY CHAPTER 1

Ch 2 - Financial Statements

Ch 2.1 -Delivery of Information

Ch 2.2 -Income Statement

Ch 2.3 -Retained Earnings (Statement of Owner's Equity)

Ch 2.4 Balance Sheet

Ch 2.5 Classified Balance Sheet

Ch 2.6 Statement of Cash Flow

Ch 2.7 Financial Statement Analysis

Ch 2.8 Financial Statement Analysis: Horizontal Analysis

Ch 2.9 Financial Statement Analysis: Vertical Analysis

Ch 2.10 Other Financial Analyses

KEY CONCEPTS AND SUMMARY CHAPTER 2

Ch 3 - Job-order Costing

Ch 3.1 -Job-order costing Info

Ch 3.2 - Job-order costing flow of inventory costs

Ch 3.3 - Predetermined manufacturing overhead rate

Ch 3.4 -Applying manufacturing overhead to jobs

Ch 3.5 -Job cost sheets

Ch 3.6 - Multiple predetermined manufacturing overhead rates

KEY CONCEPTS AND SUMMARY CHAPTER 3

Ch 4 - Process Costing

Ch 4.1 -Process Costing Transactions for a Manufacturing Company

Ch 4.2 - Transfer from packing department to finished product

Ch 4.3 - Process Costing Calculations for a Department in a Manufacturing Company

KEY CONCEPTS AND SUMMARY CHAPTER 4

Ch 5 -Cost Volume Profit (CVP) Analysis

Ch 5.1 -Purposes of cost volume profit (CVP) analysis

Ch 5.2 - CVP analysis using the contribution margin income statement

Ch 5.3 -CVP analysis when sales quantity changes

Ch 5.4 -CVP analysis and changes on net operating income

Ch 5.5 - Break even point and target profit

KEY CONCEPTS AND SUMMARY CHAPTER 5

Ch 6 - Segmented Income Reporting

Ch 6.1 -Purposes of segmented income reporting

Ch 6.2 -Prepare a segmented income statement

Ch 6.3 -Contribution margin and segment margin

Ch 6.4 -Fixed costs and the segmented income statement

Ch 6.5 -Organizational segments within segments

Ch 6.6 Segment cost volume profit (CVP) analysis

Ch 6.7 Breakeven calculations for segmented income reporting

KEY CONCEPTS AND SUMMARY

Ch 7 - Budgeting

Ch 7.1 - Purposes of budgeting

Ch 7.2 -Master budget

Ch 7.3 - Sales budget

Ch 7.4 - Production budget

Ch 7.5 - Direct materials purchases budget

Ch 7.6 - Direct labor budget

Ch 7.7 - Manufacturing overhead budget

Ch 7.8 -Cost of goods sold budget

Ch 7.9 Selling and administrative expenses budget

Ch 7.10 Budgeted income statement

KEY CONCEPTS AND SUMMARY

Ch 8 - Flexible Budgeting and Performance Evaluation

Ch 8.1 -Planning budgets

Ch 8.2 - Prepare a planning budget

Ch 8.3 - Limitations of planning budgets

Ch 8.4 -Prepare a flexible budget

Ch 8.5 - Prepare a flexible budget performance evaluation report

KEY CONCEPTS AND SUMMARY

Ch 9 - Standard Costs and Variance Analysis

Ch 9.1 -Purpose of standard costs

Ch 9.2 - Direct materials variances

Ch 9.3 -Direct labor variances

Ch 9.4 -Variable manufacturing overhead variances

Ch 9.5 - Standard costs variance analysis and evaluation

KEY CONCEPTS AND SUMMARY

Ch 10 - Decentralized Performance Evaluation

Ch 10.1 - Organizational structure

Ch 10.2 -Responsibility centers and performance evaluation

Ch 10.3 - Investment centers and performance evaluation

Ch 10.4 - Advantages and disadvantages of return on investment (ROI)