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.

 
 
  • Completely Online
  • Self-Paced
  • Printable Lessons
  • Full HD Video  
  • 6 Months to Complete
  • 24/7 Availability
  • Start Anytime
  • PC & Mac Compatible
  • Android & iOS Friendly
  • Accredited CEUs
Universal Class is an IACET Accredited Provider
 

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.
  • Demonstrate mastery of lesson content at levels of 70% or higher.
 
 

Assessment Guide

Assessment Points
An Introduction 1 points
Lesson 1 Assignment 25 points
Lesson One: What Is Managerial Accounting? 9 points
Lesson 2 Assignment 25 points
Lesson Two: Managerial Accounting in the Organization 9 points
Lesson 3 Assignment 25 points
Lesson Three: Specifics of Managerial Accountants 9 points
Lesson 4 Assignment 25 points
Lesson Four: Traditional Managerial Accounting 10 points
Lesson 5 Assignment 25 points
Lesson Five: Looking at Policies and Company Components 8 points
Lesson 6 Assignment 25 points
Lesson Six: Activity Based Costing 8 points
Lesson 7 Assignment 25 points
Lesson Seven: Balanced Scorecard 10 points
The Final Exam 33 points
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