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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.

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  • Self-Paced
  • Instructor Feedback
  • 6 Months to Complete
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  • 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.
  • Know a balanced scorecard for a company's accounting practice, and
  • Demonstrate mastery of lesson content at levels of 70% or higher.
 
 
 

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Course Lessons

3/19/2017 11:31:16 AM

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. 39 Total Points
  • Review 2 Articles: Managerial Accounting; Managerial vs. Financial Accounting
  • Take Poll: Managerial Accounting Course
  • Complete Assignment: An Introduction
  • Complete: Lesson 1 Assignment
  • Complete Exam: Lesson One: What Is Managerial Accounting?

Lesson Two: Managerial Accounting in the Organization

Before 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. 34 Total Points
  • Review 2 Articles: GPK; Lean Accounting
  • Take Poll: Management Methods
  • Complete: Lesson 2 Assignment
  • Complete Exam: Lesson Two: Managerial Accounting in the Organization

Lesson Three: Specifics of Managerial Accountants

As we have mentioned previously, managerial accountants have a wide and a varied series of skills and abilities that they bring to an organization. 34 Total Points
  • Review 2 Articles: Institute of Certified Managment Accountants; Institute of Management Accountants
  • Take Poll: Professional Organizations
  • Complete: Lesson 3 Assignment
  • Complete Exam: Lesson Three: Specifics of Managerial Accountants

Lesson Four: Traditional Managerial Accounting

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. 35 Total Points
  • Review 2 Articles: 8 Types of Cost Variance; Accounting Theories of Organizations
  • Complete: Lesson 4 Assignment
  • Complete Exam: Lesson Four: Traditional Managerial Accounting

Lesson Five: Looking at Policies and Company Components

Companies 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. 33 Total Points
  • Review 2 Articles: Manufacturing Overhead; Non-Manufacturing Overhead
  • Complete: Lesson 5 Assignment
  • Complete Exam: Lesson Five: Looking at Policies and Company Components

Lesson Six: Activity Based Costing

Activity 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. 33 Total Points
  • Review 2 Articles: Activity Based Costing Method; Robert S. Kaplan
  • Complete: Lesson 6 Assignment
  • Complete Exam: Lesson Six: Activity Based Costing

Lesson Seven: Balanced Scorecard

This last lesson looks at the balanced scorecard, which is a tool used for performance management. 68 Total Points
  • Review 2 Articles: Balanced Scorecard; What is a Balanced Scorecard?
  • Take Poll: Let us know what you think of this course
  • Take Survey: Program Evaluation Follow-up Survey (End of Course)
  • Complete: Lesson 7 Assignment
  • Complete Exam: Lesson Seven: Balanced Scorecard
  • Complete: The Final Exam
276
Total Course Points

Additional Course Information

Online CEU Certificate
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Document Your CEUs on Your Resume
 
Course Title: Managerial Accounting 101
Course Number: 7550324
Languages: English - United States, Canada and other English speaking countries
Course Type: Professional Development
CEU Value: 0.5 IACET CEUs (Continuing Education Units)
CE Accreditation: Universal Class, Inc. has been accredited as an Authorized Provider by the International Association for Continuing Education and Training (IACET).
Grading Policy: Earn a final grade of 70% or higher to receive an online/downloadable CEU Certification documenting CEUs earned.
Assessment Method: Lesson assignments and review exams
Syllabus: View Syllabus
Duration: Continuous: Enroll anytime!
Course Fee: $65.00 (no CEU Certification) || with CEU Certification: $90.00

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Student Testimonials

  • "I wanted an overview of managerial accounting as I didn't feel like I understood it before. It was a good overview. What is an awesome instructor." -- Sarah K.
  • "I found that all the lessons were very powerful in explaining the course material." -- Fred K.

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