This course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, will teach you the fundamentals of managerial accounting including how to navigate the financial and related information managers need to help them make decisions. You'll learn about cost behavior and cost allocation systems, how to conduct cost-volume-profit analysis, and how to determine if costs and benefits are relevant to your decisions.
Managerial Accounting Fundamentals
Gain insight into a topic and learn the fundamentals.
4.8
(782 reviews)
Beginner level
Recommended experience
Flexible schedule
Approx. 13 hours
Learn at your own pace
97%
Most learners liked this course
What you'll learn
Different types of costs and how they are represented graphically
Cost-volume-profit analyses to answer questions around breaking even and generating profit
How to calculate and allocate overhead rates within both traditional and activity-based cost allocation systems
How to distinguish costs and benefits that are relevant from those that are irrelevant for a given management decision
Details to know
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Assessments
12 assignments
Taught in English
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There are 4 modules in this course
Welcome to the course -- we're glad you're here! During this first week, we'll distinguish managerial from financial accounting, including the financial and related information managers need to help them make decisions. We'll then move on to cost behavior including different types of costs, their classifications, and how these classifications help with decision-making. From there, we'll show how to use a scatterplot and the high-low method to estimate cost functions. Let's get started!
What's included
16 videos2 readings3 assignments1 discussion prompt
Now that we've learned the fundamentals of cost behavior, we're ready to move on to discussing the relationships between cost structure, volume, price, and profit. We'll then see why these relationships matter as we conduct cost-volume-profit analyses to answer questions around breaking even and generating profit.
What's included
15 videos4 assignments1 peer review1 discussion prompt
After learning how to conduct cost-volume-profit analyses, we're ready to discuss cost allocation and the different types of systems we can use: traditional and activity-based. From there, we'll learn how to calculate overhead rates and allocate overhead within both types of systems.
What's included
14 videos1 reading3 assignments
In our final week, we'll discuss costs and benefits, and gain an understanding of those that are relevant for a given decision. We'll evaluate the financial impact of a given decision, then determine a reasonable course of action.
What's included
14 videos2 assignments
Instructor
Instructor ratings
4.9 (235 ratings)
Offered by
Recommended if you're interested in Finance
University of Illinois Urbana-Champaign
Duke University
University of Illinois Urbana-Champaign
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4.8
782 reviews
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Showing 3 of 782
XO
5
Reviewed on Sep 22, 2020
Very interesting and would love to learn more , the time was not enough for me but I could understand very well.
CC
5
Reviewed on Aug 12, 2020
Excellent course, very useful and applicable. Excellent teacher.
JR
5
Reviewed on Sep 4, 2020
Excellent course, this should be a must for all project managers in order to properly communicate with CEO and CFO!
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