Online Class: Managerial Accounting 101

This online course will help you understand companies and their financial accounting methods like audits, budgets and financial statements and what to do with that information.

$95.00
no certificate
- OR -
$120.00
with CEU Certificate*
Start Right Now!
$120.00 (with CEU Certificate)
Taking multiple courses? Save with our platinum program.
 
  • 7
    Lessons
  • 16
    Exams &
    Assignments
  • 1,248
    Students
    have taken this course
  • 5
    Hours
    average time
  • 0.5
    CEUs
 
 
 

Course Description

Managerial Accounting: The Unseen Powerhouse of Decision-Making

In the intricate realm of accounting, while financial accounting often takes the limelight with its essential functions like audits, budgets, and financial statements, there's a quieter yet profoundly impactful player: managerial accounting.

Managerial accounting, though not as recognized as its financial counterpart, plays a pivotal role in an organization's decision-making processes. It transcends the confines of traditional number-crunching, delving into realms that aren't strictly numerical. Consider this: How do you quantify customer satisfaction, employee performance, or production efficiency? It's the managerial accountant's expertise that bridges the gap between abstract data and actionable insights.

Course Overview:

  • Managerial Accounting vs. Financial Accounting: While financial accounting provides a panoramic view of an organization's economic health, managerial accounting focuses on granular analyses. For instance, while financial accounting might declare a company profitable, managerial accounting could pinpoint that one lagging department is offsetting the stellar performance of others. Think of it as a medical check-up; if financial accounting states the overall health is good, managerial accounting provides detailed bloodwork showing potential vitamin deficiencies or elevated levels.

  • The Role of Managerial Accounting in Decision Making: Managerial accountants take varied data, from product rates to employee efficiency, and craft comprehensive reports, translating the intricate details into digestible information. Managers armed with these insights can chart out strategic directions, ensuring the organization remains adaptive, efficient, and relevant.

  • Evolution of Managerial Accounting: Though its roots stretch back over a century, the recent past has seen a renewed interest in managerial accounting. As businesses navigate the ever-evolving landscape, the nuanced intelligence provided by this branch of accounting is being recognized as invaluable.

Course Breakdown:

  • Lesson One: What Is Managerial Accounting? Dive deep into the core tenets, understanding what sets managerial accounting apart from its counterparts.

  • Lesson Two: Managerial Accounting in the Organization Examine the structural role and influence of managerial accounting within diverse corporate environments.

  • Lesson Three: Specifics of Managerial Accountants Explore the day-to-day operations, challenges, and opportunities faced by these professionals.

  • Lesson Four: Traditional Managerial Accounting A look back at the origins, understanding foundational methodologies and their relevance today.

  • Lesson Five: Looking at Policies and Company Components Unpack the interplay between managerial accounting and organizational policies, and how it aids in dissecting the company's various components for analysis.

  • Lesson Six: Activity Based Costing Delve into the specifics of this costing method, understanding its significance in allocating overhead costs more accurately to products.

  • Lesson Seven: Balanced Scorecard Learn about this strategic planning and management system used extensively in industry, government, and nonprofit organizations worldwide to align business activities with vision and strategy.

In conclusion, as you journey through this course, you'll unravel the multifaceted world of managerial accounting, gaining a newfound appreciation for its silent yet substantial influence on organizational success. With real-world examples, detailed explanations, and the latest data, you'll emerge well-equipped to harness the power of managerial accounting, driving your organization towards unparalleled heights. Dive in, and let's decode the secrets of this unsung hero of the corporate world.

  • 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
 
 

Course Lessons

Average Lesson Rating:
4.3 / 5 Stars (Average Rating)
"Extraordinarily Helpful"
(567 votes)

Lesson One: What Is Managerial Accounting?

35 Points
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 1 Video
  • Lesson discussions: Managerial Accounting Course; Reasons for Taking this Course
  • Complete Assignment: An Introduction
  • Complete: Lesson 1 Assignment
  • Assessment: Lesson One: What Is Managerial Accounting?

Lesson Two: Managerial Accounting in the Organization

34 Points
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.
  • Lesson 2 Video
  • Lesson discussions: Management Methods
  • Complete: Lesson 2 Assignment
  • Assessment: Lesson Two: Managerial Accounting in the Organization

Lesson Three: Specifics of Managerial Accountants

34 Points
As we have mentioned previously, managerial accountants have a wide and a varied series of skills and abilities that they bring to an organization.
  • Lesson 3 Video
  • Lesson discussions: Professional Organizations
  • Complete: Lesson 3 Assignment
  • Assessment: Lesson Three: Specifics of Managerial Accountants

Lesson Four: Traditional Managerial Accounting

35 Points
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 4 Video
  • Complete: Lesson 4 Assignment
  • Assessment: Lesson Four: Traditional Managerial Accounting

Lesson Five: Looking at Policies and Company Components

33 Points
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.
  • Lesson 5 Video
  • Complete: Lesson 5 Assignment
  • Assessment: Lesson Five: Looking at Policies and Company Components

Lesson Six: Activity Based Costing

33 Points
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.
  • Lesson 6 Video
  • Complete: Lesson 6 Assignment
  • Assessment: Lesson Six: Activity Based Costing

Lesson Seven: Balanced Scorecard

68 Points
This last lesson looks at the balanced scorecard, which is a tool used for performance management.
  • Lesson 7 Video
  • Lesson discussions: Let us know what you think of this course; Program Evaluation Follow-up Survey (End of Course); Course Comments
  • Complete: Lesson 7 Assignment
  • Assessment: Lesson Seven: Balanced Scorecard
  • Assessment: The Final Exam
272
Total Course Points
 

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.
 

Additional Course Information

Online CEU Certificate
  • Document Your Lifelong Learning Achievements
  • Earn an Official Certificate Documenting Course Hours and CEUs
  • Verify Your Certificate with a Unique Serial Number Online
  • View and Share Your Certificate Online or Download/Print as PDF
  • Display Your Certificate on Your Resume and Promote Your Achievements Using Social Media
Document Your CEUs on Your Resume
 
Course Title: Managerial Accounting 101
Course Number: 7550324
Lessons Rating: 4.3 / 5 Stars (567 votes)
Languages: English - United States, Canada and other English speaking countries
Availability: Enroll in this course from any U.S. state, including California, Texas, Florida, New York, Pennsylvania, Illinois, Ohio, and Georgia. The course is also accessible to learners in English-speaking countries such as the UK, Canada, Ireland, Australia, and South Africa.
Last Updated: March 2024
Course Type: Self-Paced, Online Class
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
Course Fee: $120.00 U.S. dollars

Choose Your Subscription Plan

Course Only
One Course
No Certificate / No CEUs
$95
for 6 months
 
Billed once
This course only
Includes certificate X
Includes CEUs X
Self-paced Yes
Instructor support Yes
Time to complete 6 months
No. of courses 1 course
Certificate Course
One Course
Certificate & CEUs
$120
for 6 months
 
Billed once
This course only
Includes certificate Yes
Includes CEUs Yes
Self-paced Yes
Instructor support Yes
Time to complete 6 months
No. of courses 1 course
Platinum Yearly
ALL COURSES
Certificates & CEUs
$189
per year
 
Billed once
Includes all 600+ courses
Includes certificate Yes
Includes CEUs Yes
Self-paced Yes
Instructor support Yes
Time to complete 12 Months
No. of courses 600+
Platinum 2 Years
ALL COURSES
Certificates & CEUs
$299
for 2 years
You save $79.00!
Billed once
Includes all 600+ courses
Includes certificate Yes
Includes CEUs Yes
Self-paced Yes
Instructor support Yes
Time to complete 24 Months
No. of courses 600+
 

Student Testimonials

  • "I have had a great experience in all courses instructed by Dr. Metodija S., and I'm so grateful to him." -- Anna N.
  • "The course was very useful to me. I learned a lot of helpful things for our business. The instructor was great. Thank you." -- Heidi H.
  • "I found that all the lessons were very powerful in explaining the course material." -- Fred K.
  • "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.

Related Courses