Explore

Managerial Accounting: Cost Behaviors, Systems, and Analysis

Approx. 20 hours to complete

Save Course

Go to Course

Course Summary

Learn the fundamentals of accounting and financial reporting to make informed business decisions. This course is designed for managers who want to improve their financial literacy and understand the language of business.

Key Learning Points

Understand financial statements and how they relate to business operations
Learn how to analyze and interpret financial data
Gain insights into budgeting and forecasting techniques

Learning Outcomes

Understand financial statements and their role in business
Analyze and interpret financial data to make informed decisions
Develop budgeting and forecasting techniques

Prerequisites or good to have knowledge before taking this course

No prior accounting knowledge required
Basic math skills

Course Difficulty Level

Intermediate

Course Format

Online
Self-paced

Similar Courses

Financial Accounting Fundamentals
Financial Analysis for Decision Making
Introduction to Corporate Finance

Related Education Paths

Related Books

Description

In this course, you will learn how to use accounting to facilitate and align decisions made by owners, managers, and employees. You will learn how accountants create, organize, interpret, and communicate information that improves internal processes and allows organizations to identify and leverage opportunities to create value within the supply chain and with customers.

You will be able to: • Understand what managerial accounting is and why it is an important function for successful businesses • Identify problems associated with relying on financial accounting information for internal decision making • Organize cost information according to the decision-making needs of the organization • Apply activity-based costing (ABC) and recognize circumstances and decisions for which ABC systems are relevant • Address common "what-if" questions using cost-volume-profit (CVP) analysis and apply CVP in a variety of scenarios This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.

Outline

Course Overview and Introduction to Managerial Accounting
Welcome and Course Overview
Learn on Your Terms
Learning Objectives and What is Managerial Accounting
The Difference Between Financial and Managerial Accounting
Contemporary Issues
What We've Learned in Lesson 1.1
Learning Objectives and Terminology
Cost Framework 1 - Objects
Cost Framework 2 - Behavior
Cost Framework 2 - Behavior Example
What We've Learned in Lesson 1.2
Module 1 Review
Like this course? Learn more with the iMBA! (Optional)
Syllabus
About this Course: Ratings and Reviews
About the Discussion Forums
Glossary
Getting to Know Your Classmates
Learn More About Flexible Learning Paths
Module 1 Overview
Module 1 Readings
Orientation Quiz
Lesson 1.1 Practice Quiz
Lesson 1.2 Practice Quiz
Module 1 Quiz

Costing Systems I - Elements and Design
Learning Objectives and Flow of Costs Through Financial Statements
Two Traditional Systems
Extension - Overhead Costs
What We've Learned in Lesson 2.1
Learning Objectives and Example Scenario
The Manager Did What?
What We've Learned in Lesson 2.2
Module 2 Review
Module 2 Overview
Module 2 Readings
Lesson 2.1 Practice Quiz
Lesson 2.2 Practice Quiz
Module 2 Quiz

Costing Systems II - Activity-Based Costing
Learning Objectives and General Approach and Overview
Fundamental Components
ABC Organization and Steps to Implementation
What We've Learned in Lesson 3.1
Learning Objectives and Steps Through an Example
Other Considerations
What We've Learned in Lesson 3.2
Module 3 Review
Module 3 Overview
Module 3 Readings
Lesson 3.1 Practice Quiz
Lesson 3.2 Practice Quiz
Module 3 Quiz

Cost-Volume-Profit (CVP) Analysis
Learning Objectives and Cost-Volume-Profit Analysis Intro
Cost-Volume-Profit Analysis Example 1
Cost-Volume-Profit Analysis Example 2 - Taxes
What We've Learned in Lesson 4.1
Learning Objectives and Cost-Volume-Profit Example 3 - Multiple Products
What We've Learned in Lesson 4.2
Module 4 Review
Gies Online Programs
Module 4 Overview
Module 4 Readings
Congratulations
Get Your Course Certificate
Lesson 4.1 Practice Quiz
Lesson 4.2 Practice Quiz
Module 4 Quiz - Concepts
Module 4 Quiz - Quantitative Analysis

Summary of User Reviews

Read reviews for the Accounting for Managers course on Coursera. Users have praised the course's comprehensive curriculum and hands-on exercises. The course has received an overall favorable rating from users.

Pros from User Reviews

Hands-on exercises provide practical experience in applying accounting concepts
Instructors are knowledgeable and engaging
Course is well-structured and easy to follow

Cons from User Reviews

Some users felt that the course material was too basic and lacked depth
The course may be too time-consuming for those with busy schedules
The price may be too high for some users

Recommended for you

The Complete Finance Manager Course 2021

Financial Management, ERP systems, Accounting, Capital budgeting, Presentation design, Management, and Negotiation Welcome to The Complete Finance Manager Course! Start a career in finance...

Save Course

Accounting for Decision-Making

Learn how to read and interpret financial statements and manage costs to take informed business decisions. In this finance course, you will learn how to read and understand financial statements....

Save Course

Managerial Accounting and Corporate Control

How do managers use internal accounting data to make decisions? In this course, you’ll discover how to prepare an analyze accounting information to make complex business decisions....

Save Course

Core Concepts of Accounting – Numbers and People

Whenever the word “accounting” is pronounced, it is immediately associated with the need to memorize endless boring numbers. The only challenge is how to properly extract them....

Save Course