About the Course:

This course is designed to help you learn the basic building blocks of managerial accounting. Managers and business owners must make decisions every day in order to plan and run operations. Managers who understand cost have a competitive advantage.

Managers must make important decisions every day.

• How can we maximize profitability?
• How can we reduce risk?
• How many customers do we need to attract to cover our costs?
• How can we improve efficiency in our operations?
• There are so many decisions a manager needs to make. Managerial accounting provides tools for managers to improve their decision-making. 
• Do you want to be the manager that understands proven approaches to successful strategy?

In this course, we will cover the foundational topics needed by successful managers. 

We’ll begin our journey into managerial accounting with an overview. Managerial accounting focuses on improving management decisions.

The cost of doing business is a key element of any organization. In this section, we begin with various methods to assign costs to jobs. We’ll then look at alternatives for assigning costs to products. Better allocation of costs will improve your ability as a manager to make decisions plan, direct, and control the business

The key to success in business is profitability. You will develop your understanding of costs and learn how they relate to calculating the profitability of a business. Once that is better understood, you are on your way to improved decision-making

Costs are not just dollar amounts that managers subtract from revenue. Costs are more complicated than just that. Instead, costs behave in different ways, so managers need to treat costs based on their cost behaviour. By understanding cost behaviour, we can then develop analyses such as break-even points or targeting profits.

Join me in learning management accounting!

Course Objective:

• Management accounting tools for decisions. It is understanding cost allocation to products. To learn cost behaviour and how this may be applied to the analysis and decision-making.

Who is the Target Audience?

• Managers, business owners, and business professionals need tools to improve common business decisions and organizational strategies.

Basic Knowledge:

• Beginner level, no previous knowledge