Managerial Accounting: 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

• Financial managers, accountants, and controllers involved in internal reporting and decision support
• Management accountants and cost accountants responsible for planning, budgeting, and performance analysis
• Business analysts and finance professionals engaged in operational and strategic decision-making
• Department heads and supervisors who use financial and non-financial data for planning and control
• Professionals working in budgeting, forecasting, and performance evaluation functions
• Individuals in manufacturing, services, and corporate environments seeking to strengthen cost and managerial accounting skills
• Junior accountants and graduates aiming to build a strong foundation in managerial accounting and financial analysis
• Anyone responsible for evaluating costs, improving efficiency, and supporting managerial decisions within an organization