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Managerial Accounting 101

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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.

Course Requirements

This course will not require you to have previous experience in any particular area but you should have a high school reading level. No books will be required.

Course Topics

Lesson One: What Is Managerial Accounting?

Lesson Two: Managerial Accounting in the Organization

Lesson Three: Specifics of Managerial Accountants

Lesson Four: Traditional Managerial Accounting

Lesson Five: Looking at Policies and Company Components

Lesson Six: Activity Based Costing

Lesson Seven: Balanced Scorecard

Course Materials

All course material will be provided in the lessons and netlinks. There are no required materials to purchase before taking the class.

Grading Policy

Each lesson will include a lesson review quiz along with one or two assignments. Students will successfully complete this course by mastering all learning outcomes with 70% or higher overall grade.

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.
  • Know a balanced scorecard for a company's accounting practice, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.

Assessment Guide

Assessment Points
An Introduction1
Lesson 1 Assignment25
Lesson One: What Is Managerial Accounting?9
Lesson 2 Assignment25
Lesson Two: Managerial Accounting in the Organization9
Lesson 3 Assignment25
Lesson Three: Specifics of Managerial Accountants9
Lesson 4 Assignment25
Lesson Four: Traditional Managerial Accounting10
Lesson 5 Assignment25
Lesson Five: Looking at Policies and Company Components8
Lesson 6 Assignment25
Lesson Six: Activity Based Costing8
Lesson 7 Assignment25
Lesson Seven: Balanced Scorecard10
The Final Exam33
Total Points:272

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