Management Accounting
Learn with Prof.Burman
8 modules
Lifetime access
Master the art of management accounting for informed decision-making
Overview
Management Accounting is a course that focuses on the use of accounting information for decision-making, planning, and control within organizations. It provides students with the essential knowledge and skills required to analyze financial data, assess performance, and make informed managerial decisions. The course emphasizes the application of accounting principles and techniques in various business scenarios, including cost analysis, budgeting, pricing strategies, and performance evaluation.
Key Highlights
Use accounting information for decision-making
Analyze financial data and assess performance
Apply accounting principles in business scenarios
What you will learn
Learning Outcome 1
Understand the role and importance of management accounting in organizations
Learning Outcome 2
Apply various costing methods to determine product costs and pricing strategies
Learning Outcome 3
Analyze budgeting processes and create effective budgets for planning and control
Learning Outcome 4
Evaluate financial performance using ratio analysis and other performance measures
Learning Outcome 5
Use management accounting techniques for decision-making and performance improvement
Modules
Introduction to Management Accounting
4 attachments
Definition and scope of management accounting
Coming Soon
Importance of management accounting in decision-making
Coming Soon
Role and responsibilities of management accountants
Coming Soon
Ethical considerations in management accounting
Coming Soon
Cost Concepts and Classifications
6 attachments
Fixed and variable costs
Coming Soon
Direct and indirect costs
Coming Soon
Product and period costs
Coming Soon
Opportunity costs
Coming Soon
Sunk costs
Coming Soon
Relevant costs
Coming Soon
Cost-Volume-Profit Analysis
6 attachments
Break-even analysis
Coming Soon
Contribution margin
Coming Soon
Target profit analysis
Coming Soon
Margin of safety
Coming Soon
Cost structure and breakeven point
Coming Soon
CVP analysis in a multi-product scenario
Coming Soon
Budgeting and Forecasting
6 attachments
Budgeting process
Coming Soon
Types of budgets (master, flexible, zero-based, etc.)
Coming Soon
Preparation and use of budgets
Coming Soon
Budgetary control
Coming Soon
Variance analysis
Coming Soon
Forecasting techniques
Coming Soon
Costing Methods and Techniques
6 attachments
Job order costing
Coming Soon
Process costing
Coming Soon
Activity-based costing (ABC)
Coming Soon
Standard costing
Coming Soon
Variable and absorption costing
Coming Soon
Cost allocation and apportionment
Coming Soon
Performance Measurement and Evaluation
6 attachments
Key performance indicators (KPIs)
Coming Soon
Variance analysis and performance evaluation
Coming Soon
Benchmarking
Coming Soon
Balanced scorecard
Coming Soon
Quality costing and performance measurement
Coming Soon
Responsibility accounting
Coming Soon
Strategic Cost Management
6 attachments
Value chain analysis
Coming Soon
Strategic positioning and cost leadership
Coming Soon
Activity-based management
Coming Soon
Target costing
Coming Soon
Life cycle costing
Coming Soon
Strategic pricing decisions
Coming Soon
Capital Budgeting and Investment Decisions
6 attachments
Time value of money
Coming Soon
Cost of capital
Coming Soon
Capital budgeting techniques (payback period, net present value, internal rate of return)
Coming Soon
Capital rationing
Coming Soon
Risk analysis and sensitivity analysis
Coming Soon
Capital investment decisions under uncertainty
Coming Soon
FAQs
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Enrolling in a course is simple! Just browse through our website, select the course you're interested in, and click on the "Enrol Now" button. Follow the prompts to complete the enrolment process, and you'll gain immediate access to the course materials.
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Yes, our platform is designed to be accessible on various devices, including computers, laptops, tablets, and smartphones. You can access the course materials anytime, anywhere, as long as you have an internet connection.
How can I access the course materials?
Once you enrol in a course, you will gain access to a dedicated online learning platform. All course materials, including video lessons, lecture notes, and supplementary resources, can be accessed conveniently through the platform at any time.
Can I interact with the instructor during the course?
Absolutely! we are committed to providing an engaging and interactive learning experience. You will have opportunities to interact with them through our community. Take full advantage to enhance your understanding and gain insights directly from the expert.
About the creator
Learn with Prof.Burman
As an Accounts teacher with a decade of teaching experience, I have had the privilege of imparting knowledge to students at the 11th, 12th, and degree levels. Throughout my career, I have dedicated myself to providing quality education and fostering a conducive learning environment.
In conclusion, my decade-long experience as an Accounts teacher has instilled in me a deep passion for education and a commitment to helping students succeed.
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