Information for Planning, Decision Making and Control

Managerial accounting is an activity that provides financial and nonfinancial information to business managers and other internal decision-makers of an organization. This course examines how managerial accounting information is gathered, and how it is used by business professionals to make effective plans & decisions. Lessons such as fundamentals of managerial accounting cost accounting concepts, and managerial accounting approaches will provide you with the concepts, procedures, and analytical skills you'll need to make informed decisions in today's challenging business world.

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.

Key points include:

• Managerial vs. financial accounting
• Cost-Volume-Profit analysis for decision making
• Make vs. buy decisions for planning
• Fixed vs. variable vs. mixed costs for control
• Capital budgeting that makes a difference

This course will help you learn how to:

• Cost terms and Concepts
• Cost Behavior: Analysis and Use
• Direct vs. Absorption Costing
• Overhead Costing for Planning and Control
• Standard Costs & Variance Analysis
• Relevant Costs for Decision Making
• Financial Statement Analysis

• Cost accountants and management accountants
• Financial analysts and finance professionals involved in cost control and planning
• Budgeting and planning officers in organizations
• Internal auditors and financial controllers
• Production and operations managers involved in cost management decisions
• Finance managers and senior accountants
• Professionals working in manufacturing, service, and industrial sectors
• Students and graduates in accounting, finance, or business administration
• Anyone seeking to strengthen skills in cost accounting and financial decision-making