Gain The Gold Management Accounting Skills You Need

Gain The Gold Management Accounting Skills You Need
 
DURATION
00:53:22

Description

First steps into management accounting will show you that management accounting is not as confusing and boring as you thing. And something more, it is not necessary to read tones of books to become confident in this area. 

The course consists of short, clear and easy to understand theory, explained examples and examples to check your knowledge. With this course, the learning process is just a piece of cake. Just take a cup of coffee, tea or some other favorite drink and let me convince you that the process of learning management accounting can be as pleasant as doing your favorite hobby.

If you are learning about or working in the field of accounting, finance and management this course is exactly for you! Enjoy!

Basic knowledge

• No specific knowledge are required
• Understanding of basic accounts

What will you learn

• Manufacturing and non-manufacturing costs
• Product and period costs
• Direct and indirect costs
• Fixed, variable and mixed costs
• Break-even analysis
• Marginal costing
• Absorption costing
• First in first out method
• Weighted average method
• Job order costing
• Process costing
• Predetermined overhead rate
• Over-absorption and under-absorption of overheads

Course Curriculum

Let's talk about cost classification

• Management accounting - a short introduction
• Manufacturing and non-manufacturing costs
• Product costs and period costs
• Direct costs and indirect costs
• Test your knowledge of costs

Now we'll take a close look at the concept of breakeven analysis

• Fixed costs, variable costs and mixed costs
• Fixed costs and variable costs - example
• Breakeven point analysis
• Breakeven point analysis - example
• Test your knowledge of the concept of breakeven analysis

Have you ever heard about methods for inventory valuation?

• First-in-first-out method
• Weighted average method

Are you curious to become familiar with different costing methods?

• Job order costing - theory and example
• Process costing - theory
• Process costing - example
• Marginal costing - theory
• Marginal costing - example
• Absorption costing - theory
• Absorption costing - example
• Test your knowledge of marginal costing and absorption costing

Now we can clarify the process of overhead allocation

• Predetermined overhead rate
• Predetermined overhead rate - example
• Test your knowledge of overhead allocation