Managerial and cost accounting comprehensive course taught bay a practicing Certified Public Accountant (CPA)
☑ How a job order costing system works and what type of business would use it
☑ How a process costing system works and what type of business would use it
☑ Cost volume profit analysis (CVP) and how CVP tools can be used to make business decisions rationally
☑ How to construct a master budget
☑ How to construct a flexible budget and use it to make rational decissions
☑ How to use responsibility accounting to hold different areas of a business accountable in a rational way
☑ Relevant cost analysis as a took to make rational business decissions
☑ Time value of money techniques to help make decision about long term projects
Comprehensive managerial and cost accounting course. Topics include:
· Job order costing
· Process costing
· Cost volume profit analysis
· Master Budgets
· Flexible Budgets
· Responsibility accounting
· Relevant costs
· Time value of money
This course will go into detail about each topic. We will include”
· Practice Excel files with both an answer tab and a practice tab
· Lecture PDF files that can be downloaded and reviewed without internet access
Managerial accounting skills are critical skills necessary for successfully running a business because they provide tools to make rational business decisions.
English
Language
Part One – Managerial Accounting Core Concepts
10 Managerial Accounting Introduction
Part 1 Cost Classifications
Cost Classifications
20 Cost Classifications
30 Product Costs & Period Costs
40 Prime Costs & Conversion Costs
Part 1 – Manufacturer’s Financial Statements
Manufacturer’s Financial Statements
50 Manufacturer’s Balance Sheet
60 Manufacturer’s Income Statement
Part 1 – Cost Flows for a Manufacturing Company
Cost Flows For a Manufacturing Company
70 Manufacturing Activities Flow
80 Just In Time (JIT) Manufacturing
Part 1 – Job Cost vs Process Cost System
5 Job Cost vs Process Cost System
90 Job Cost Vs Process Cost
Part 1 – Cost Flows for a Job Cost System
Cost Flows for a Job Cost System
100 Job Cost System Cost Flow
Part 2 – Job Cost Documents and Forms
Job Cost Documents and Forms
110 Job Cost Sheet
120 Materials Ledger Card & Materials Requisition
Worksheet – 120 Materials Ledger Card Requisition
130 Time Ticket & Labor Journal Entry
Worksheet – 130 Time Ticket and Labor Entry
10 Multiple Choice Questions – Job Cost System
Part 2 – Overhead Costs & Allocation
Overhead Costs & Allocation
140 Overhead Costs
Worksheet – 140 Overhead Costs
150 Overhead Allocation Predetermined Overhead Rate
Worksheet – 150 Overhead Allocation
160 Overhead Under Applied Over Applied
Worksheet – 160 Under & Over applied Overhead
20 Multiple Choice Questions – Job Cost System
Part 2 – Finished Jobs and Sales Journal Entries
Finished Jobs and Sales Journal Entries
170 Finished Jobs Journal Entry
Worksheet – 170 Finished Goods Journal Entry
180 Sale of Jobs
Worksheet – 180 Sale of Jobs
30 Multiple Choice Questions – Job Cost System
Short Calculation Questions
Part 2 – Job Cost System Summary
Job Cost System Summary
190 Cost Flow General Ledger
300 Job cost system Part 1
305 Job cost system Part 2
Worksheet – 300 Accounting instructions-Job cost problem part 1
Worksheet – 300 Accounting instructions-Job cost problem part 2
300 Accounting instructions-Job cost problem part 3
300.4 Accounting instructions-Job cost problem part 4
40 Multiple Choice Questions – Job Cost System
Short Calculation Questions
Part 2 Key Terms & Definitions
Key Term & Definitions
Conversion Costs Definition – What are Conversion Costs%3F
Cost of Goods Manufactured Definition – What is Cost of Good
Direct Costs Definition – What are Direct Costs%3F
Direct Labor Costs Definition – What are Direct Labor Costs%3F
Direct Materials Cost Definition – What are Direct Materials
Factory Overhead Definition – What is factory overhead
Finished Goods Inventory – What is Finished Goods Inventory%3F
Job Definition – What is Job in A Job Cost System%3F
Job Order Costing System Definition – What is Job Order Cost
Jobs Cost Sheet definition – What are Job Cost Sheets
Manufacturing Overhead Definition What is Manufacturing Ov
Materials Ledger Card Definition – What is Materials Ledger
Materials Requisition Definition – What is Materials Requisi
Net Cost of Goods Manufactured definition – What is Cost of Goods Manuf
Purchase Order Definition – What is Purchase Order%3F (1)
Time Ticket Definition – What is Time Ticket%3F
Work in Process Inventory Definition What is work if proce
50 Multiple Choice Questions – Job Cost System
Part 3 Process Cost System Overview Using FIFO Method
Process Cost System Overview Using FIFO Method
Cost Flows for a Profit Cost System Part 1
Cost Flows for a Process Cost System Part 2
Process Cost System Equivalent Units FIFO Adj
Multiple Choice Question 1
Part 3 – Flow of Materials, Labor, & Overhead Cost Through Inventory Accounts
Flow of Materials, Labor, & Overhead Cost Through Inventory Accounts
105 Flow of Materials, Labor & Overhead
Multiple Choice Questions 2
Part 3 – Cost Per Equivalent Units – and Assigning Costs Weighted Average Method
Cost Per Equivalent Units – and Assigning Costs Weighted Average Method
110 Methods to Calculate Ending WIP and Units Completed
115 Equivalent Units of Production Weighted Average Method
Worksheet – 115 Equivalent Units of Production Weighted Average Method
120 Cost Per Equivalent Unit Calculation Weighted Average Method
Worksheet – 120 Cost Per Equivalent Unit Calculation Weighted Average Method
125 Assign Costs to Units Weighted Average Method
Worksheet – 125 Assign Costs to Units Weighted Average Method
Multiple Choice Questions 3
Short Calculation Questions
Part 3 – Overhead Costs & Allocation
Overhead Costs & Allocation
140 Overhead Costs
150 Overhead Allocation Predetermined Overhead Rate
160 Overhead Under Applied Over Applied
Multiple Choice Questions 4
Short Calculation Questions
Part 3 – Comprehensive Problem – Recording Process Cost Journal Entries
Comprehensive Problem – Recording Process Cost Journal Entries
Part 1
Part 2
Part 3
Multiple Choice Questions 5
Short Calculation Questions
Part 3 – Comprehensive Problem – Cost Per Equivalent Units & Cost Allocation
Comprehensive Problem – Cost Per Equivalent Units & Cost Allocation (FIFO)
Comprehensive Problem – Cost Per Equivalent Units
Multiple Choice Questions 6
Part 3 – Key Term & Definitions
Conversion Costs Definition – What are Conversion Costs_ (1)
Cost of Goods Completed – What is Cost of Goods Completed_
Direct Labor Costs Definition – What are Direct Labor Costs_
Direct Materials Definition – What is Direct Material_
Equivalent Units of Production (EPU) – What are Equivalent U
Factory Overhead Definition – What is factory overhead (1)
Finished Goods Inventory – What is Finished Goods Inventory_
Indirect Costs Definition – What are Indirect Costs_
Job Order Costing System Definition – What is Job Order Cost (1)
Manufacturing Overhead Definition What is Manufacturing Ov (1)
Materials Requisition Definition – What is Materials Requisi (1)
Net Cost of Goods Manufactured definition – What is Cost of Goods Manuf (1)
Overhead Definition – What is overhead_
Period Costs Definition – What are Period Costs_
Prime Costs Definition – What are prime costs
Product Costs Definition – What are Product Costs_
Part 4 – Cost Volume Profit Analysis (CVP)
105 Cost Volume Profit Analysis (CVP)
107 Cost Volume Profit Analysis (CVP) Overview Example
110 Cost Volume Profit Analysis Assumptions – Copy
Part 4 – Contribution Margin Income Statement
Contribution Margin Income Statement
150 Income Statement Manufacturing Company
154 Contribution Margin Income Statement
Worksheet – 154 Contribution margin, contribution margin
Part 4 – Mixed Costs
Mixed Costs
400 Mixed Costs
415 Scatter Diagram
Worksheet – 417 Graphs In Excel
Worksheet – 418 Scatter Graph
420 High – Low Method
Worksheet – 420 Worksheet High Low Method
Multiple choice 2
Part 4 – Contribution Margin, Unit Contribution Margin, & Contribution Margin Ra
Contribution Margin, Unit Contribution Margin, & Contribution Margin Ratio
425 Contribution Margin & Contribution Margin Ratio
425 Worksheet Contribution Margin
427 Contribution Margin Income Statement & Contribution Margin Per t
Multiple choice 3
Part 4 – Break Even Point & Margin of Safety
Break-Even Point & Margin of Safety
428 Break-Even Point
428 Worksheet Break Even Point
429 Worksheet Targeted Net Income
432 Margin of Safety
Multiple choice 4
Forecasting
Forecasting
438 Forecasting
438 Worksheet Forecasting
Multiple choice 5
Part 4 – Multiple Inventory Items
Multiple Inventory Items
444 Composite Unit Break Even
442 Composit Units
Multiple choice 6
Operating Leverage
Operating Leverage
448 Operating Leverage
Worksheet – 448 Operating Leverage
Multiple choice 7
Short Calculation Question
Part 4 – Cost Volume Profit Analysis Assumptions
Cost Volume Profit Analysis Assumptions
450 Cost Volume Profit Analysis Assumptions
Multiple choice 8
Short Calculation Questions
Part 4 – Comprehensive Problem
11 Comprehensive Problem
CVP Comp Problem 1
CVP Comp Problem 2
CVP Comp Problem 3
CVP Comp Problem 4
Part 5 – Master Budgets
105 Why Budget
110 Budget Problems
Part 5 – Budget Timing and Budget Committee
Budget Timing and Budget Committee
115 Budget Timing
120 Budget Committee
Multiple choice 1
Part 5 – Sales Budget, Production Budget, & Materials Budget
Sales Budget, Production Budget, & Materials Budget
210 Master Budged Sales Budget, Production Budget, & Materials Budget
Worksheet – 210 Accounting instructions-Master budget, sales budget, production
Worksheet – 215 Accounting instructions-Master budget, raw materials budged part
Multiple choice 2
Part 5 – Direct Labor, Factory Overhead, Selling, & General and Administrative
Direct Labor, Factory Overhead, Selling, & General and Administrative Budgets
220 Master Budged 2 Direct Labor, Factory Overhead, Selling, General and Adminis
Worksheet – 220 Master budget, Direct labor budget, Factory overhead budget, how
Worksheet – 225 Master budget, selling expense,
Multiple choice 3
Part 5 – Cash Budget
Cash Budget
230 Master Budged 3 Cash Budget
Worksheet – 230 Master budget, Cash Budget part 5
Multiple choice 4
Part 5 – Budgeted Cost of Goods Manufactured & Cost of Goods Sold
Budgeted Cost of Goods Manufactured & Cost of Goods Sold
240 Master Budged 4 Budgeted Cost of Goods Manufactured & Cost of Goods Sold
Worksheet – 240 Master budget, Cost of Goods Manufactured and Cost of Goods Sold
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Multiple choice 5
