Managerial Accounting: Cost Behaviors, Systems, and Analysis
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Managerial Accounting: Cost Behaviors, Systems, and Analysis
This course is part of Value Chain Management Specialization
Instructor: Gary Hecht, Ph.D.
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1,376 reviews
What you'll learn
Describe fundamental concepts of managerial accounting.
Apply the financial perspective of accounting for costs.
Address common "what-if" questions using cost-volume-profit (CVP) analysis and apply CVP analysis in a variety of scenarios.
Apply activity-based costing (ABC) and recognize the influence of setting and decision characteristics on the relevance of ABC systems.
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There are 4 modules in this course
In this course, you will learn how to use accounting to facilitate and align decisions made by owners, managers, and employees. You will learn how accountants create, organize, interpret, and communicate information that improves internal processes and allows organizations to identify and leverage opportunities to create value within the supply chain and with customers.
You will be able to: • Understand what managerial accounting is and why it is an important function for successful businesses • Identify problems associated with relying on financial accounting information for internal decision making • Organize cost information according to the decision-making needs of the organization • Apply activity-based costing (ABC) and recognize circumstances and decisions for which ABC systems are relevant • Address common "what-if" questions using cost-volume-profit (CVP) analysis and apply CVP in a variety of scenarios This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.
In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. Then, you will be introduced to Managerial Accounting and Costing Concepts.
What's included
12 videos8 readings4 assignments1 discussion prompt1 plugin
12 videos•Total 35 minutes
- Welcome and Course Overview•1 minute
- The Impact of the Gies Community•2 minutes
- Learning Objectives and What is Managerial Accounting•5 minutes
- The Difference Between Financial and Managerial Accounting•6 minutes
- Contemporary Issues•3 minutes
- What We've Learned in Lesson 1.1•1 minute
- Learning Objectives and Terminology•3 minutes
- Cost Framework 1 - Objects•4 minutes
- Cost Framework 2 - Behavior•3 minutes
- Cost Framework 2 - Behavior Example•6 minutes
- What We've Learned in Lesson 1.2•1 minute
- Module 1 Review•1 minute
8 readings•Total 150 minutes
- Syllabus•10 minutes
- About this Course: Ratings and Reviews•10 minutes
- About the Discussion Forums•10 minutes
- Glossary•10 minutes
- Updating Your Profile•10 minutes
- Online Education at Gies College of Business•10 minutes
- Module 1 Overview•10 minutes
- Module 1 Readings•80 minutes
4 assignments•Total 120 minutes
- Managerial Accounting Concepts Quiz•30 minutes
- Orientation Quiz•30 minutes
- Lesson 1.1 Practice Quiz•30 minutes
- Lesson 1.2 Practice Quiz•30 minutes
1 discussion prompt•Total 10 minutes
- Getting to Know Your Classmates•10 minutes
1 plugin•Total 15 minutes
- Welcome! Please Tell Us About Yourself•15 minutes
Organizations can organize cost information however best suits their decisions. In this module, we introduce the role of costing systems, identify some example systems and settings in which they are most useful, and explore how accounting for overhead costs influences the value of cost information.
What's included
8 videos2 readings3 assignments
8 videos•Total 34 minutes
- Learning Objectives and Flow of Costs Through Financial Statements•5 minutes
- Two Traditional Systems•4 minutes
- Extension - Overhead Costs•6 minutes
- What We've Learned in Lesson 2.1•1 minute
- Learning Objectives and Example Scenario•9 minutes
- The Manager Did What?•8 minutes
- What We've Learned in Lesson 2.2•1 minute
- Module 2 Review•1 minute
2 readings•Total 90 minutes
- Module 2 Overview•10 minutes
- Module 2 Readings•80 minutes
3 assignments•Total 90 minutes
- Costing Systems I - Elements and Design Quiz•30 minutes
- Lesson 2.1 Practice Quiz•30 minutes
- Lesson 2.2 Practice Quiz•30 minutes
Activity-based costing systems adopt a more refined view of the organization, and can increase the accuracy of cost information. In this module, we introduce the fundamentals of activity-based costing systems, identify related advantages and disadvantages, and demonstrate how such systems are implemented using an in-depth example.
What's included
8 videos2 readings3 assignments1 peer review
8 videos•Total 42 minutes
- Learning Objectives and General Approach and Overview•4 minutes
- Fundamental Components•4 minutes
- ABC Organization and Steps to Implementation•7 minutes
- What We've Learned in Lesson 3.1•1 minute
- Learning Objectives and Steps Through an Example•19 minutes
- Other Considerations•4 minutes
- What We've Learned in Lesson 3.2•1 minute
- Module 3 Review•1 minute
2 readings•Total 90 minutes
- Module 3 Overview•10 minutes
- Module 3 Readings•80 minutes
3 assignments•Total 90 minutes
- Costing Systems II - Activity-Based Costing Quiz•30 minutes
- Lesson 3.1 Practice Quiz•30 minutes
- Lesson 3.2 Practice Quiz•30 minutes
1 peer review•Total 120 minutes
- Module 3 Mini-Project•120 minutes
Cost-volume-profit (CVP) analysis is the tool that managers can use to better understand the answers to "what-if" questions in order to make better decisions for their companies. In this module you will explore the power of CVP analysis.
What's included
8 videos4 readings4 assignments1 peer review1 plugin
8 videos•Total 43 minutes
- Learning Objectives and Cost-Volume-Profit Analysis Intro•8 minutes
- Cost-Volume-Profit Analysis Example 1•8 minutes
- Cost-Volume-Profit Analysis Example 2 - Taxes•11 minutes
- What We've Learned in Lesson 4.1•1 minute
- Learning Objectives and Cost-Volume-Profit Example 3 - Multiple Products•12 minutes
- What We've Learned in Lesson 4.2•1 minute
- Module 4 Review•1 minute
- Learn on Your Terms•1 minute
4 readings•Total 90 minutes
- Module 4 Overview•10 minutes
- Module 4 Readings•60 minutes
- Congratulations on completing the course!•10 minutes
- Get Your Course Certificate•10 minutes
4 assignments•Total 100 minutes
- Cost-Volume-Profit (CVP) Analysis: Conceptual Quiz•30 minutes
- Cost-Volume-Profit (CVP) Analysis: Quantitative Analysis Quiz•10 minutes
- Lesson 4.1 Practice Quiz•30 minutes
- Lesson 4.2 Practice Quiz•30 minutes
1 peer review•Total 120 minutes
- Module 4 Mini-Project•120 minutes
1 plugin•Total 15 minutes
- How Was the Course?•15 minutes
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This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹
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Reviewed on Mar 19, 2021
I really enjoyed this course. It was really easy for me to grasp complex concepts. Thank you for designing the course in such a way. It really helped me a lot.
Reviewed on Nov 19, 2017
Great Course that gives you the basics of Costing and it's relevant in regular Business decisions. Well articulated to ensure that people new to the concepts also understand it clearly!
Reviewed on Mar 23, 2020
Good content overall for the course. Easy to understand in one go. Very well articulated by the Instructor along with relevant examples from practical life scenarios. Thanks a lot Gary!
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