What you'll learn:
- Understand Cost Behaviors, Cost Drivers and Cost Driver Activity
- Define Fixed and Variable Costs and Create Cost Functions
- Use Regression Analysis using the Least Squares Method
- Apply Activity Based Costing to Product Costs
- Allocate Support Department Costs using the Direct, Step-Down and Reciprocal Method
- Apply Cost-Volume-Profit Analysis (Break-Even Points)
- Describe variance analysis, differentiate between price and usage variances, and calculate price and usage variances for costs
- Prepare Cash Budgets
- Prepare Production Reports for a Process Costing System
Welcome to the Management Accounting Crash Course, which will provide you with46 video lessons that span over 7hours of content(including quizzes to help test your knowledge). Follow along as I explain the basics and fundamental concepts like cost drivers, the cost function, break-even points, journal entries, joint costing, budgets and more!
Managerial Accounting is the study of internal financial information that can influence decision-making. It'sthe follow up course to Financial Accounting, that can prove to be more difficult for students. We designed thecourse to act as a perfect supplement for those taking Managerial/Management Accounting in University or College. We'll walk you through the theory, providing examples and questions that will keep you engaged.
The first part of the course will cover:
Cost Measurement and Cost Behavior
The Design of Cost Functions
Fixed Costs, Variable Costs and Mixed Costs
Break-Even Analysis
Handling Direct and Indirect Costs
The second part will cover:
Process Costing, and Production Reports using Weighted Average and FIFO.
Activity-Based Costing for Overhead Costs
PreparingCash Budgets
Variance Analysis
Support Departments:Direct, Step-Down and Reciprocal Method
And much more!
HERE'S WHAT SOME STUDENTS OF HAVETOLDMEABOUTMYCOURSE:
"I fully attribute me passing the BEC portion of the CPA exam fromyour videos. Without your easy to learn managerial accounting tutorials, I would never have understood the concepts. I especially thought your videos on variance analysis were exceptional. Thank you so much for everything!" - Spencer S.
"Hi, I just wanted to say thank you for posting such great videos on YouTube. I believe that they were the reason I just passed my very difficult accounting exam! They were very easy to watch and easy to follow. I appreciate your work!" - Alana M.
"This guy has the best Mgmt Accounting tutorial videos. He understands the concepts and can explain them in the easiest and most engaging way. Thank you." -Karen K.
"Great Course forbeing introduced to Fundamentals of Management Accounting. Dave does a good job at explaining concepts filled in with examples." -Imran S.
