4.34 out of 5
4.34
324 reviews on Udemy

Managerial Accounting / Cost Accounting

Managerial and cost accounting comprehensive course taught bay a practicing Certified Public Accountant (CPA)
Instructor:
Robert (Bob) Steele
39,275 students enrolled
English [Auto]
How a job order costing system works and what type of business would use it
How a process costing system works and what type of business would use it
Cost volume profit analysis (CVP) and how CVP tools can be used to make business decisions rationally
How to construct a master budget
How to construct a flexible budget and use it to make rational decissions
How to use responsibility accounting to hold different areas of a business accountable in a rational way
Relevant cost analysis as a took to make rational business decissions
Time value of money techniques to help make decision about long term projects

Comprehensive managerial and cost accounting course. Topics include:

· Job order costing

· Process costing

· Cost volume profit analysis

· Master Budgets

· Flexible Budgets

· Responsibility accounting

· Relevant costs

· Time value of money

This course will go into detail about each topic. We will include”

· Practice Excel files with both an answer tab and a practice tab

· Lecture PDF files that can be downloaded and reviewed without internet access

Managerial accounting skills are critical skills necessary for successfully running a business because they provide tools to make rational business decisions.

Part One - Managerial Accounting Core Concepts

1
10 Managerial Accounting Introduction

Part 1 Cost Classifications

1
Cost Classifications
2
20 Cost Classifications
3
30 Product Costs & Period Costs
4
40 Prime Costs & Conversion Costs

Part 1 - Manufacturer’s Financial Statements

1
Manufacturer’s Financial Statements
2
50 Manufacturer's Balance Sheet
3
60 Manufacturer's Income Statement

Part 1 - Cost Flows for a Manufacturing Company

1
Cost Flows For a Manufacturing Company
2
70 Manufacturing Activities Flow
3
80 Just In Time (JIT) Manufacturing

Part 1 - Job Cost vs Process Cost System

1
5 Job Cost vs Process Cost System
2
90 Job Cost Vs Process Cost

Part 1 - Cost Flows for a Job Cost System

1
Cost Flows for a Job Cost System
2
100 Job Cost System Cost Flow

Part 2 - Job Cost Documents and Forms

1
Job Cost Documents and Forms
2
110 Job Cost Sheet
3
120 Materials Ledger Card & Materials Requisition
4
Worksheet - 120 Materials Ledger Card Requisition
5
130 Time Ticket & Labor Journal Entry
6
Worksheet - 130 Time Ticket and Labor Entry
7
10 Multiple Choice Questions – Job Cost System

Part 2 - Overhead Costs & Allocation

1
Overhead Costs & Allocation
2
140 Overhead Costs
3
Worksheet - 140 Overhead Costs
4
150 Overhead Allocation Predetermined Overhead Rate
5
Worksheet - 150 Overhead Allocation
6
160 Overhead Under Applied Over Applied
7
Worksheet - 160 Under & Over applied Overhead
8
20 Multiple Choice Questions – Job Cost System

Part 2 - Finished Jobs and Sales Journal Entries

1
Finished Jobs and Sales Journal Entries
2
170 Finished Jobs Journal Entry
3
Worksheet - 170 Finished Goods Journal Entry
4
180 Sale of Jobs
5
Worksheet - 180 Sale of Jobs
6
30 Multiple Choice Questions – Job Cost System
7
Short Calculation Questions

Part 2 - Job Cost System Summary

1
Job Cost System Summary
2
190 Cost Flow General Ledger
3
300 Job cost system Part 1
4
305 Job cost system Part 2
5
Worksheet - 300 Accounting instructions-Job cost problem part 1
6
Worksheet - 300 Accounting instructions-Job cost problem part 2
7
300 Accounting instructions-Job cost problem part 3
8
300.4 Accounting instructions-Job cost problem part 4
9
40 Multiple Choice Questions – Job Cost System
10
Short Calculation Questions

Part 2 Key Terms & Definitions

1
Key Term & Definitions
2
Conversion Costs Definition - What are Conversion Costs
3
Cost of Goods Manufactured Definition - What is Cost of Good
4
Direct Costs Definition - What are Direct Costs
5
Direct Labor Costs Definition - What are Direct Labor Costs
6
Direct Materials Cost Definition - What are Direct Materials
7
Factory Overhead Definition - What is factory overhead
8
Finished Goods Inventory - What is Finished Goods Inventory
9
Job Definition - What is Job in A Job Cost System
10
Job Order Costing System Definition - What is Job Order Cost
11
Jobs Cost Sheet definition - What are Job Cost Sheets
12
Manufacturing Overhead Definition What is Manufacturing Ov
13
Materials Ledger Card Definition - What is Materials Ledger
14
Materials Requisition Definition - What is Materials Requisi
15
Net Cost of Goods Manufactured definition - What is Cost of Goods Manuf
16
Purchase Order Definition - What is Purchase Order (1)
17
Time Ticket Definition - What is Time Ticket
18
Work in Process Inventory Definition What is work if proce
19
50 Multiple Choice Questions – Job Cost System

Part 3 Process Cost System Overview Using FIFO Method

1
Process Cost System Overview Using FIFO Method
2
Cost Flows for a Profit Cost System Part 1
3
Cost Flows for a Process Cost System Part 2
4
Process Cost System Equivalent Units FIFO Adj
5
Multiple Choice Question 1

Part 3 - Flow of Materials, Labor, & Overhead Cost Through Inventory Accounts

1
Flow of Materials, Labor, & Overhead Cost Through Inventory Accounts
2
105 Flow of Materials, Labor & Overhead
3
Multiple Choice Questions 2

Part 3 - Cost Per Equivalent Units – and Assigning Costs Weighted Average Method

1
Cost Per Equivalent Units – and Assigning Costs Weighted Average Method
2
110 Methods to Calculate Ending WIP and Units Completed
3
115 Equivalent Units of Production Weighted Average Method
4
Worksheet - 115 Equivalent Units of Production Weighted Average Method
5
120 Cost Per Equivalent Unit Calculation Weighted Average Method
6
Worksheet - 120 Cost Per Equivalent Unit Calculation Weighted Average Method
7
125 Assign Costs to Units Weighted Average Method
8
Worksheet - 125 Assign Costs to Units Weighted Average Method
9
Multiple Choice Questions 3
10
Short Calculation Questions

Part 3 - Overhead Costs & Allocation

1
Overhead Costs & Allocation
You can view and review the lecture materials indefinitely, like an on-demand channel.
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Includes

54 hours on-demand video
Full lifetime access
Access on mobile and TV
Certificate of Completion