Principles of Management ( Managerial) Accounting

Management accounting, also called managerial accounting or cost accounting, is the process of analyzing business costs and operations to prepare internal financial report, records, and account to aid managers’ decision making process in achieving business goals. In other words, it is the act of making sense of financial and costing data and translating that data into useful information for management and officers within an organization.

In this course, we cover the many Management Accounting concepts that are covered in Managerial ( Management) Accounting university course.

Learn and Master Each Management Accounting Tool and Technique.

• Understand what managerial accounting is about and how differs from financial accounting

• Know what the different roles that managers perform.

• Know the three different manufacturing costs

• Know the difference between product costs and period costs.

• Develop a cost volume profit income statement

• Understand how costs change when sales changes

• Calculate break-even and target profit levels

• Develop a CVP analysis for a multi-product company

• Understand operating leverage, how to calculate it and what it means to senior management

• Know how a job costing system works.

• Complete a Job Costing accounting system using excel spreadsheets.

• Design an activity-based costing system using excel spreadsheets.

• Develop an activity-based accounting model

• Understand activity-based management

  Prepare a Master Budget using excel spreadsheets to plan business operations.

• Know how to use the Flexible Budget to control operations.