Managerial Accounting: Cost Behaviors, Systems, and Analysis

Instructor: Gary Hecht, Ph.D.

Intermediate Level • 2 weeks at 10 hours a week • Flexible Schedule

What You'll Learn

  • ✓Describe fundamental concepts of managerial accounting.
  • ✓Apply the financial perspective of accounting for costs.
  • ✓Address common "what-if" questions using cost-volume-profit (CVP) analysis and apply CVP analysis in a variety of scenarios.
  • ✓Apply activity-based costing (ABC) and recognize the influence of setting and decision characteristics on the relevance of ABC systems.

Skills You'll Gain

Accounting
Analysis
Cost Management
Decision Making
Accounting Systems
Profit and Loss (P&L) Management
Operating Cost
Financial Accounting
Process Improvement
Cost Accounting
Management Accounting
Supply Chain

Shareable Certificate

Earn a shareable certificate to add to your LinkedIn profile

Outcomes

  • Learn new concepts from industry experts
  • Gain a foundational understanding of a subject or tool
  • Develop job-relevant skills with hands-on projects
  • Earn a shareable career certificate

There are 4 modules in this course

In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. Then, you will be introduced to Managerial Accounting and Costing Concepts.

Organizations can organize cost information however best suits their decisions. In this module, we introduce the role of costing systems, identify some example systems and settings in which they are most useful, and explore how accounting for overhead costs influences the value of cost information.

Activity-based costing systems adopt a more refined view of the organization, and can increase the accuracy of cost information. In this module, we introduce the fundamentals of activity-based costing systems, identify related advantages and disadvantages, and demonstrate how such systems are implemented using an in-depth example.

Cost-volume-profit (CVP) analysis is the tool that managers can use to better understand the answers to "what-if" questions in order to make better decisions for their companies. In this module you will explore the power of CVP analysis.