Online Class: Managerial Accounting 101
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| | Course Cost: 6 Month Subscription Course (no Certificate) = $40.00 Course with CEU Certificate* = $65.00 | * Instantly download, print, and share your CEU Certificate at course completion (additional shipping/handling charges apply for hard copy delivery).
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 Course Description Managerial accounting is not as widely used as other forms of accounting, nor is it as known. While companies concern themselves with financial accounting methods like audits, budgets and financial statements, they often completely ignore the forward-thinking methods of managerial accounting. Managerial accounting is a form of accounting that deals not only with financial information, but information that is not always easy to quantify into numbers and reports. Things like employee performance, efficiency, product rates and customer satisfaction stats are all things that managerial accountants deal with. They take that information and put it into reports that are easy for managers to understand. By doing this, managerial accountants help managers make the important decisions to turn the company in a new direction, or help it continue on as a profitable and respected organization. Financial accounting looks at the company as a whole. The net profit of the company, the revenue and expenses of the company and more. It does not look at the parts that make up the whole. This is what managerial accounting does. It takes the company and breaks it into parts that can be studied and analyzed. Maybe one department is bringing down the rest like a lead weight attached to a strong chain. If this is happening, the methods of managerial accounting will find it and that will help managers take the information and use it to make the company better and more efficient as a result. Managerial accounting is not new, but it is revolutionary and despite originating over 100 years ago, companies are only now realizing the true power of this amazing form of company management. Learning Outcomes By successfully completing this course, students will be able to:
- Define managerial accounting.
- Describe managerial accounting in the organization.
- Describe the specific duties of managerial accountants.
- Describe traditional managerial accounting.
- Describe policies and company components that affect managerial accounting.
- Define activity based costing.
- Summarize a balanced scorecard for a company's accounting practice, and
- Demonstrate mastery of lesson content at levels of 70% or higher.
Course Lessons |  | Lesson One: What Is Managerial Accounting?Accounting, like music, comes in many different forms. It is not a single entity that encompasses all needs, but a varied type of specialty that has the ability to help an organization in a variety of ways. | Lesson Two: Managerial Accounting in the OrganizationBefore the 1980's, management accountants were seen as something that was not needed in business because while business had changed greatly in the previous 60 years, managerial accounting had changed little. | Lesson Three: Specifics of Managerial AccountantsAs we have mentioned previously, managerial accountants have a wide and varied series of skills and abilities that they bring to an organization. | Lesson Four: Traditional Managerial AccountingLike anything, managerial accounting has changed over the years to keep up with the changing world. Companies work differently than they once did, and that means things like managerial accounting have had to adapt to stay alive. | Lesson Five: Looking at Policies and Company ComponentsCompanies have set policies in place that dictate how they do things, how they make money and how they produce products and services through the help of the employees who make up their workforce. | Lesson Six: Activity Based CostingActivity based costing is a type of costing model that identifies activities within an organization, and assigns the cost of each of those activities to all the products according to the actual consumption of each of them. | Lesson Seven: Balanced ScorecardThis last lesson looks at the balanced scorecard, which is a tool used for performance management. |
Additional Information | Course Title | : | Managerial Accounting 101 | | CEU Value | : | | | Standard | : | Course Adheres to the ANSI/IACET 1-2007 Standard | | Accreditation | : | | | Languages | : | English - United States, Canada, United Kingdom, Australia, New Zealand, and other English speaking countries | | Course Number | : | 7550324 | | Course Type | : | Professional Development | | Course URL | : | | | Course Rating | : |  | | Instructor | : | | | Syllabus | : | | | Grading Policy | : | Earn a final grade of 70% or higher to receive a CEU Certificate documenting CEUs earned | | Assessment Method | : | Lesson assignments and review exams | | Duration | : | Continuous: Enroll anytime! | | Requirements | : | View Technical Requirements | | Course Fee | : | Basic Course: $40.00 (no CEU Certificate) | | | | | NOT FOR COLLEGE CREDIT This is a non-credit course, and is provided for your personal enrichment.
This course is not intended to be a substitute for any state, government, licensing, certification or educational requirements.
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