Managerial and Cost Accounting: A Comprehensive Guide

Focused View

Robert (Bob) Steele

53:42:27

12 View

1. 10 Managerial Accounting Introduction.mp4

13:03

2. Cost Classifications.mp4

00:56

3. 20 Cost Classifications.mp4

09:31

4. 30 Product Costs & Period Costs.mp4

16:25

5. 40 Prime Costs & Conversion Costs.mp4

05:35

6. Manufacturers Financial Statements.mp4

00:59

7. 50 Manufacturers Balance Sheet.mp4

03:15

8. 60 Manufacturers Income Statement.mp4

08:49

9. Cost Flows For a Manufacturing Company.mp4

01:25

10. 70 Manufacturing Activities Flow.mp4

07:51

11. 80 Just In Time (JIT) Manufacturing.mp4

02:58

12. 5 Job Cost vs Process Cost System.mp4

00:34

13. 90 Job Cost Vs Process Cost.mp4

09:13

14. Cost Flows for a Job Cost System.mp4

00:34

15. 100 Job Cost System Cost Flow.mp4

10:07

16. Job Cost Documents and Forms.mp4

01:43

17. 110 Job Cost Sheet.mp4

12:04

18. 120 Materials Ledger Card & Materials Requisition.mp4

13:32

19. Worksheet - 120 Materials Ledger Card Requisition.mp4

15:00

20. 130 Time Ticket & Labor Journal Entry.mp4

09:41

21. Worksheet - 130 Time Ticket and Labor Entry.mp4

15:31

22. 10 Multiple Choice Questions Job Cost System.mp4

07:16

23. Overhead Costs & Allocation.mp4

01:10

24. 140 Overhead Costs.mp4

14:44

25. Worksheet - 140 Overhead Costs.mp4

16:13

26. 150 Overhead Allocation Predetermined Overhead Rate.mp4

14:08

27. Worksheet - 150 Overhead Allocation.mp4

14:20

28. 160 Overhead Under Applied Over Applied.mp4

12:50

29. Worksheet - 160 Under & Over applied Overhead.mp4

09:18

30. 20 Multiple Choice Questions Job Cost System.mp4

07:40

31. Finished Jobs and Sales Journal Entries.mp4

01:33

32. 170 Finished Jobs Journal Entry.mp4

09:42

33. Worksheet - 170 Finished Goods Journal Entry.mp4

09:19

34. 180 Sale of Jobs.mp4

15:09

35. Worksheet - 180 Sale of Jobs.mp4

18:14

36. 30 Multiple Choice Questions Job Cost System.mp4

09:10

37. Short Calculation Questions.mp4

08:00

38. Job Cost System Summary.mp4

00:43

39. 190 Cost Flow General Ledger.mp4

15:17

40. 300 Job cost system Part 1.mp4

11:06

41. 305 Job cost system Part 2.mp4

13:07

42. Worksheet - 300 Accounting instructions-Job cost problem part 1.mp4

15:38

43. Worksheet - 300 Accounting instructions-Job cost problem part 2.mp4

15:43

44. 300 Accounting instructions-Job cost problem part 3.mp4

15:41

45. 300.4 Accounting instructions-Job cost problem part 4.mp4

15:16

46. 40 Multiple Choice Questions Job Cost System.mp4

12:01

47. Short Calculation Questions.mp4

14:22

48. Key Term & Definitions.mp4

00:27

49. Conversion Costs Definition - What are Conversion Costs%3F.mp4

02:30

50. Cost of Goods Manufactured Definition - What is Cost of Good.mp4

03:13

51. Direct Costs Definition - What are Direct Costs%3F.mp4

03:15

52. Direct Labor Costs Definition - What are Direct Labor Costs%3F.mp4

03:36

53. Direct Materials Cost Definition - What are Direct Materials.mp4

03:58

54. Factory Overhead Definition - What is factory overhead.mp4

04:34

55. Finished Goods Inventory - What is Finished Goods Inventory%3F.mp4

03:17

56. Job Definition - What is Job in A Job Cost System%3F.mp4

02:37

57. Job Order Costing System Definition - What is Job Order Cost.mp4

04:12

58. Jobs Cost Sheet definition - What are Job Cost Sheets.mp4

03:15

59. Manufacturing Overhead Definition What is Manufacturing Ov.mp4

04:22

60. Materials Ledger Card Definition - What is Materials Ledger.mp4

04:31

61. Materials Requisition Definition - What is Materials Requisi.mp4

05:31

62. Net Cost of Goods Manufactured definition - What is Cost of Goods Manuf.mp4

03:28

63. Purchase Order Definition - What is Purchase Order%3F (1).mp4

03:17

64. Time Ticket Definition - What is Time Ticket%3F.mp4

05:43

65. Work in Process Inventory Definition What is work if proce.mp4

02:43

66. 50 Multiple Choice Questions Job Cost System.mp4

12:27

67. Process Cost System Overview Using FIFO Method.mp4

00:56

68. Cost Flows for a Profit Cost System Part 1.mp4

08:53

69. Cost Flows for a Process Cost System Part 2.mp4

08:56

70. Process Cost System Equivalent Units FIFO Adj.mp4

14:37

71. Multiple Choice Question 1.mp4

07:12

72. Flow of Materials, Labor, & Overhead Cost Through Inventory Accounts.mp4

00:44

73. 105 Flow of Materials, Labor & Overhead.mp4

18:22

74. Multiple Choice Questions 2.mp4

07:19

75. Cost Per Equivalent Units and Assigning Costs Weighted Average Method.mp4

00:32

76. 110 Methods to Calculate Ending WIP and Units Completed.mp4

04:32

77. 115 Equivalent Units of Production Weighted Average Method.mp4

05:20

78. Worksheet - 115 Equivalent Units of Production Weighted Average Method.mp4

07:07

79. 120 Cost Per Equivalent Unit Calculation Weighted Average Method.mp4

03:50

80. Worksheet - 120 Cost Per Equivalent Unit Calculation Weighted Average Method.mp4

05:40

81. 125 Assign Costs to Units Weighted Average Method.mp4

04:16

82. Worksheet - 125 Assign Costs to Units Weighted Average Method.mp4

05:39

83. Multiple Choice Questions 3.mp4

07:21

84. Short Calculation Questions.mp4

09:57

85. Overhead Costs & Allocation.mp4

00:27

86. 140 Overhead Costs.mp4

11:10

87. 150 Overhead Allocation Predetermined Overhead Rate.mp4

08:34

88. 160 Overhead Under Applied Over Applied.mp4

07:40

89. Multiple Choice Questions 4.mp4

08:17

90. Short Calculation Questions.mp4

10:39

91. Comprehensive Problem Recording Process Cost Journal Entries.mp4

00:49

92. Part 1.mp4

12:01

93. Part 2.mp4

12:09

94. Part 3.mp4

13:12

95. Multiple Choice Questions 5.mp4

16:06

96. Short Calculation Questions.mp4

22:21

97. Comprehensive Problem Cost Per Equivalent Units & Cost Allocation (FIFO).mp4

00:56

98. Comprehensive Problem - Cost Per Equivalent Units.mp4

22:31

99. Multiple Choice Questions 6.mp4

08:36

100. Conversion Costs Definition - What are Conversion Costs (1).mp4

01:58

101. Cost of Goods Completed - What is Cost of Goods Completed .mp4

02:52

102. Direct Labor Costs Definition - What are Direct Labor Costs .mp4

03:03

103. Direct Materials Definition - What is Direct Material .mp4

01:49

104. Equivalent Units of Production (EPU) - What are Equivalent U.mp4

03:36

105. Factory Overhead Definition - What is factory overhead (1).mp4

04:02

106. Finished Goods Inventory - What is Finished Goods Inventory .mp4

02:45

107. Indirect Costs Definition - What are Indirect Costs .mp4

03:15

108. Job Order Costing System Definition - What is Job Order Cost (1).mp4

03:59

109. Manufacturing Overhead Definition What is Manufacturing Ov (1).mp4

03:49

110. Materials Requisition Definition - What is Materials Requisi (1).mp4

04:59

111. Net Cost of Goods Manufactured definition - What is Cost of Goods Manuf (1).mp4

02:56

112. Overhead Definition - What is overhead .mp4

03:54

113. Period Costs Definition - What are Period Costs .mp4

02:39

114. Prime Costs Definition - What are prime costs.mp4

02:05

115. Product Costs Definition - What are Product Costs .mp4

02:38

116. 105 Cost Volume Profit Analysis (CVP).mp4

10:00

117. 107 Cost Volume Profit Analysis (CVP) Overview Example.mp4

15:55

118. 110 Cost Volume Profit Analysis Assumptions - Copy.mp4

11:38

119. Contribution Margin Income Statement.mp4

01:20

120. 150 Income Statement Manufacturing Company.mp4

07:53

121. 154 Contribution Margin Income Statement.mp4

09:22

122. Worksheet - 154 Contribution margin, contribution margin.mp4

13:58

123. Mixed Costs.mp4

00:50

124. 400 Mixed Costs.mp4

08:30

125. 415 Scatter Diagram.mp4

06:14

126. Worksheet - 417 Graphs In Excel.mp4

10:38

127. Worksheet - 418 Scatter Graph.mp4

05:01

128. 420 High - Low Method.mp4

06:48

129. Worksheet - 420 Worksheet High Low Method.mp4

10:38

130. Multiple choice 2.mp4

05:28

131. Contribution Margin, Unit Contribution Margin, & Contribution Margin Ratio.mp4

01:02

132. 425 Contribution Margin & Contribution Margin Ratio.mp4

10:31

133. 425 Worksheet Contribution Margin.mp4

20:19

134. 427 Contribution Margin Income Statement & Contribution Margin Per t.mp4

13:40

135. Multiple choice 3.mp4

05:36

136. Break-Even Point & Margin of Safety.mp4

01:15

137. 428 Break-Even Point.mp4

08:08

138. 428 Worksheet Break Even Point.mp4

18:25

139. 429 Worksheet Targeted Net Income.mp4

15:32

140. 432 Margin of Safety.mp4

03:26

141. Multiple choice 4.mp4

05:34

142. Forecasting.mp4

00:59

143. 438 Forecasting.mp4

10:16

144. 438 Worksheet Forecasting.mp4

22:45

145. Multiple choice 5.mp4

07:52

146. Multiple Inventory Items.mp4

00:41

147. 444 Composite Unit Break Even.mp4

11:26

148. 442 Composit Units.mp4

24:10

149. Multiple choice 6.mp4

05:29

150. Operating Leverage.mp4

00:53

151. 448 Operating Leverage.mp4

15:53

152. Worksheet - 448 Operating Leverage.mp4

19:55

153. Multiple choice 7.mp4

08:42

154. Short Calculation Question.mp4

22:21

155. Cost Volume Profit Analysis Assumptions.mp4

01:41

156. 450 Cost Volume Profit Analysis Assumptions.mp4

11:38

157. Multiple choice 8.mp4

06:22

158. Short Calculation Questions.mp4

22:21

159. 11 Comprehensive Problem.mp4

01:42

160. CVP Comp Problem 1.mp4

11:51

161. CVP Comp Problem 2.mp4

13:26

162. CVP Comp Problem 3.mp4

04:58

163. CVP Comp Problem 4.mp4

10:27

164. 105 Why Budget.mp4

10:23

165. 110 Budget Problems.mp4

10:24

166. Budget Timing and Budget Committee.mp4

00:38

167. 115 Budget Timing.mp4

02:59

168. 120 Budget Committee.mp4

05:51

169. Multiple choice 1.mp4

03:51

170. Sales Budget, Production Budget, & Materials Budget.mp4

01:23

171. 210 Master Budged Sales Budget, Production Budget, & Materials Budget.mp4

14:08

172. Worksheet - 210 Accounting instructions-Master budget, sales budget, production.mp4

15:15

173. Worksheet - 215 Accounting instructions-Master budget, raw materials budged part.mp4

09:54

174. Multiple choice 2.mp4

05:35

175. Direct Labor, Factory Overhead, Selling, & General and Administrative Budgets.mp4

01:20

176. 220 Master Budged 2 Direct Labor, Factory Overhead, Selling, General and Adminis.mp4

10:28

177. Worksheet - 220 Master budget, Direct labor budget, Factory overhead budget, how.mp4

10:18

178. Worksheet - 225 Master budget, selling expense,.mp4

15:01

179. Multiple choice 3.mp4

06:41

180. Cash Budget.mp4

01:45

181. 230 Master Budged 3 Cash Budget.mp4

16:21

182. Worksheet - 230 Master budget, Cash Budget part 5.mp4

18:35

183. Multiple choice 4.mp4

05:05

184. Budgeted Cost of Goods Manufactured & Cost of Goods Sold.mp4

01:12

185. 240 Master Budged 4 Budgeted Cost of Goods Manufactured & Cost of Goods Sold.mp4

07:27

186. Worksheet - 240 Master budget, Cost of Goods Manufactured and Cost of Goods Sold.mp4

09:16

187. Multiple choice 5.mp4

05:48

188. Budgeted Income Statement.mp4

01:15

189. 250 Master Budged 5 Budgeted Income Statement.mp4

05:40

190. Worksheet - 250 Master budget, Income Statement.mp4

05:57

191. Multiple choice 6.mp4

05:21

192. Budgeted Balance Sheet.mp4

01:18

193. 260 Master Budget 6 Budgeted Balance Sheet.mp4

13:22

194. Worksheet - 260 Master budget, Balance Sheet.mp4

13:49

195. Short Calculation Question.mp4

14:11

196. Verify The Budget.mp4

01:07

197. 270 Master budget, Check Numbers With Journal Entries.mp4

27:12

198. Multiple choice 7.mp4

06:48

199. Comprehensive Problem.mp4

00:58

200. 2200.10 Accounting instructions-Master budget, sales budget, production budget,.mp4

15:45

201. 2200.20 Accounting instructions-Master budget, raw materials budged part 2, how.mp4

15:33

202. 2200.30 Accounting instructions-Master budget, raw materials budged part 3, how.mp4

10:47

203. 2200.40 Master budget, Direct labor budget, Factory overhead budget, how to calc.mp4

10:48

204. 2200.50 Master budget, selling expense,.mp4

15:31

205. 2200.60 Master budget, Cash Budget part 5.mp4

18:40

206. 2200.70 Master budget, Cost of Goods Manufactured and Cost of Goods Sold.mp4

09:23

207. 2200.80 Master budget, Income Statement.mp4

06:03

208. 2200.100 Master budget, Balance Sheet.mp4

13:56

209. 2200.110 Master budget, Check Numbers With Journal Entries.mp4

27:17

210. 150 Budgetary Controls and Reporting.mp4

06:27

211. 160 Budget Options.mp4

08:47

212. Flexible Budget.mp4

00:40

213. 170 Flexible Budget Benefits.mp4

09:34

214. 175 Flexible Budget.mp4

13:25

215. Worksheet - 175 Flexible Budget.mp4

18:46

216. 177 Flexible Budget Compared To Actual.mp4

13:15

217. Worksheet - 177 Flexible budget compared to actual part 1.mp4

13:04

218. Worksheet - 178 Flexible budget compared to actual part 2.mp4

12:29

219. Multiple Choice Questions 1.mp4

05:10

220. Standard Costs & Cost Variance Analysis Overview.mp4

00:25

221. 180 Standard Costs.mp4

08:46

222. 190 Cost Variance Analysis.mp4

10:54

223. Multiple Choice Questions 2.mp4

03:40

224. Sales Variance Analysis.mp4

00:38

225. 195 Sales Price & Volume Variance.mp4

07:28

226. Worksheet - 195 Sales Price & Volume Variance.mp4

07:05

227. Multiple Choice Questions 3.mp4

04:18

228. Direct Materials Variance Analysis.mp4

00:30

229. 196 Variance Analysis Direct Material Price Variance & Quantity Variance.mp4

12:13

230. Worksheet - 196 Variance analysis part 1 direct materials price and quantity var.mp4

13:00

231. Multiple Choice Questions 4.mp4

05:22

232. Direct Labor Variance Analysis.mp4

00:30

233. 200 Variance Analysis Direct Labor Rate Variance & Efficiency Variance 2300.mp4

10:48

234. Worksheet - 200 Variance analysis Part 2 direct labor rate and efficiency varian.mp4

06:11

235. Multiple Choice Questions 5.mp4

04:00

236. Overhead Variance Analysis.mp4

00:32

237. 310 Overhead Cost Variances.mp4

10:55

238. Worksheet - 310 Overhead Controllable Variance & Volume Variance.mp4

16:55

239. Worksheet - 312 Overhead Spending & Efficiency Variance.mp4

10:17

240. Multiple Choice Questions 6.mp4

04:12

241. Overhead Variance Comprehensive Problem.mp4

00:55

242. Worksheet - 400 overhead Variance Comp.mp4

13:41

243. Multiple Choice Questions 7.mp4

03:54

244. Short Calculation Problems.mp4

12:46

245. Comprehensive Problem.mp4

00:54

246. Comp Prob 1 Data.mp4

06:22

247. Comp Prob 2 Flexible Overhead Budgets.mp4

15:35

248. Comp Prob 3 Direct materials cost variance.mp4

15:29

249. Comp Prob 4 Direct labor cost variance.mp4

14:52

250. Comp Prob 5 Overhead Variance Report.mp4

07:02

251. 150 Decentralization.mp4

16:40

252. 155 Performance Evaluation & Department Classifications.mp4

05:45

253. Responsibility Accounting System.mp4

00:27

254. 160 Controllable vs. Uncontrollable Costs.mp4

04:57

255. 170 Responsibility Accounting System.mp4

09:08

256. 172 Responsibility Accounting Performance Reports.mp4

09:10

257. Worksheet - 172 Performance Report.mp4

19:15

258. Multiple Choice Question 1.mp4

04:48

259. Direct and Indirect Expenses.mp4

00:57

260. 180 Direct & Indirect Expenses.mp4

07:57

261. Multiple Choice Question 2.mp4

05:13

262. Indirect Expenses Allocation.mp4

01:23

263. 190 Indirect Expenses Allocation.mp4

09:00

264. 192 Indirect Expense Allocation.mp4

13:38

265. Worksheet - 192 Departmental Contribution Statements.mp4

19:41

266. 194 Allocation of Occupancy Costs.mp4

15:36

267. Worksheet - 194 Allocation of costs.mp4

15:00

268. Multiple Choice Question 3.mp4

04:49

269. Departmental Income Statements.mp4

00:45

270. 200 Departmental Income Statement Steps.mp4

05:11

271. 210 Example - Departmental Income Statement Steps.mp4

17:34

272. Worksheet - 211 Cost Allocations on a Sales Value Basis.mp4

12:40

273. Multiple Choice Question 4.mp4

04:47

274. Forecasted Departmental Income Statement.mp4

00:43

275. 212 Forecasted Departmental Income Statement.mp4

12:52

276. Worksheet - 212 Forcasted Departmental Income Statement.mp4

24:29

277. Multiple Choice Question 5.mp4

05:57

278. Short Calculation Questions.mp4

13:19

279. Forecasted Departmental Income Statement.mp4

00:43

280. 220 Investment Center Return On Investment (ROI).mp4

11:05

281. Worksheet - 220 Return on Investment (ROI).mp4

18:19

282. Multiple Choice Question 6.mp4

06:00

283. Short Calculation Questions.mp4

13:44

284. Return on Investment (ROI).mp4

00:45

285. 250 Balance Scorecard.mp4

10:19

286. Multiple Choice Question 7.mp4

05:06

287. Comprehensive Problem.mp4

00:38

288. Worksheet - 210 Comp Expense Allocation to Department.mp4

20:18

289. 110 Decision Making Process.mp4

13:09

290. Make or Buy Decision.mp4

01:06

291. 252 Make or Buy Decision.mp4

05:12

292. Worksheet - 252 Make or Buy.mp4

07:36

293. Multiple Choice Question 1.mp4

05:48

294. Scrap or Rework & Sell or Process Further Decisions.mp4

01:39

295. 262 Scrap or Rework.mp4

05:15

296. Worksheet - 262 Scrap or Rework.mp4

05:07

297. Worksheet - 264 Scrap or Rework.mp4

03:10

298. 272 Sell or Process Further.mp4

04:08

299. Worksheet - 272 Sell or Process Further.mp4

04:24

300. Multiple Choice Question 2.mp4

05:45

301. Sales Mix Decision.mp4

01:13

302. 280 Product Mix Decision.mp4

14:44

303. Worksheet - 282 Sales Mix.mp4

17:37

304. Worksheet - 284 Sales Mix.mp4

07:33

305. Multiple Choice Question 3.mp4

05:57

306. Segment Elimination or Not Decision.mp4

01:10

307. 300 Department Operating at a loss Close or Not.mp4

06:32

308. Worksheet - 302 Segment Elimination.mp4

06:32

309. Multiple Choice Question 4.mp4

07:07

310. Equipment Keep Old or Buy New Decision.mp4

01:23

311. 410 Equipment Keep Old or Purchase New.mp4

07:38

312. Worksheet - 410 Keep Old Equipment or Purchase New.mp4

06:31

313. Multiple Choice Question 5.mp4

08:18

314. Special Offer Accept or Deny Decision.mp4

01:50

315. 450 Special Project or Offer - Accept or Reject Decision.mp4

13:30

316. Worksheet - 452 Special Offer.mp4

19:48

317. Worksheet - 454 Special Offer.mp4

15:37

318. Worksheet - 455 Special Offer.mp4

07:27

319. Worksheet - 472 Service Selling Price.mp4

02:30

320. Multiple Choice Question 6.mp4

11:10

321. Set Sales Price Using Cost Data.mp4

00:33

322. 432 Set Sales Price.mp4

08:34

323. Worksheet - 432 Sales Price Total Cost Method.mp4

07:17

324. Worksheet - 433 Sales Price Variable Cost Method.mp4

11:33

325. Worksheet - 436 Target Costing Using Excel Feature Goal Seek.mp4

04:37

326. Multiple Choice Question 7.mp4

11:20

327. 110 Capital Budgeting.mp4

09:40

328. Multiple Choice Question 8.mp4

04:48

329. Payback Period & Accounting Rate of Return.mp4

00:47

330. 210 Payback Period, Accounting Rate of Return, & Net Present Value (1).mp4

17:13

331. Worksheet - 210 Payback period, accounting rate of return net present value of p.mp4

17:13

332. Multiple choice questions 1.mp4

04:12

333. Present Value of A Single Amount.mp4

00:40

334. 350 Present Value.mp4

16:37

335. Worksheet - 350 Present Value.mp4

18:52

336. 352 Present Value Months as Period.mp4

03:58

337. Worksheet - 352 Present Value Months.mp4

04:57

338. Multiple choice questions 2.mp4

05:32

339. Future Value of A Single Amount.mp4

01:09

340. 360 Future Value.mp4

12:41

341. Worksheet - 360 Future Value.mp4

15:16

342. 362 Future Value Months As Period.mp4

03:56

343. Worksheet - 362 Future Value Months.mp4

03:17

344. 363 Future Value vs Present Value.mp4

06:13

345. Worksheet - 363 Present Value vs Future Value.mp4

10:54

346. Multiple choice questions 3.mp4

04:22

347. Present Value of An Annuity.mp4

01:16

348. 365 Present Value Annuity.mp4

13:50

349. Worksheet - 365 Present Value Annuity.mp4

08:30

350. 366 Present Value Annuity Months as Period.mp4

03:23

351. Worksheet - 366 Present Value Annuity Months.mp4

04:28

352. Multiple choice questions 4.mp4

05:42

353. Future Value of An Annuity.mp4

01:40

354. 367 Future Value Annuity.mp4

11:27

355. Worksheet - 367 Future Value Annuity.mp4

06:55

356. 368 Future Value Annuity Months.mp4

03:55

357. Worksheet - 368 Present Value Annuity Months.mp4

03:12

358. Multiple choice questions 5.mp4

05:27

359. Present & Future Value Cash Flow Examples.mp4

01:48

360. 375 Present Value Cash Flow Examples.mp4

14:05

361. Worksheet - 375 Present Value Practice Data.mp4

23:29

362. 385 Future Value Cash Flow Examples.mp4

09:02

363. Worksheet - 385 Future Value Data Sets.mp4

14:17

364. Multiple choice questions 6.mp4

05:35

365. Introduction to Present Value Terms Used In Capital Budgeting.mp4

01:25

366. 390 Present Value Terms Used In Capital Budgeting.mp4

08:00

367. Worksheet - 390 Present Value Terms For Capital Budgeting.mp4

18:10

368. Multiple choice questions 7.mp4

05:01

369. Net Present Value (NPV).mp4

01:18

370. 409 Net Present Value Assumptions.mp4

02:05

371. 410 Net Present Value Calculation 2500 Part 1 (1).mp4

10:05

372. 411 Net Present Value Calculation 2500 Part 2 (1).mp4

11:09

373. Worksheet - 409 Net present value - Excel (1).mp4

19:31

374. Worksheet - 411 Pay Back Accounting RR NPV.mp4

33:45

375. Worksheet - 412 Pay Back Accounting RR NPV 2.mp4

19:17

376. Worksheet - 413 Required return on investment.mp4

15:27

377. Multiple choice questions 8.mp4

05:42

378. Internal Rate of Return (IRR).mp4

01:30

379. 510 Internal Rate of Return IRR.mp4

06:31

380. Worksheet - 510 IRR Excel.mp4

09:35

381. Worksheet - 511 IRR NPV.mp4

15:41

382. Multiple choice questions 9.mp4

06:47

383. Break Even Time (BET).mp4

01:42

384. 600 Break Even Time.mp4

04:35

385. Worksheet - 600 Pay Back Period & Break Even Time.mp4

16:19

386. Multiple choice questions 10.mp4

03:40

Description

Unlock Financial Insights, Make Informed Decisions: Optimize Business Performance, Maximize Profitability

What You'll Learn?

Apply job order costing techniques to allocate costs accurately to specific jobs or projects.
Implement process costing methods to calculate unit costs in continuous production environments.
Analyze cost-volume-profit relationships to assess business profitability and make strategic decisions.
Create comprehensive master budgets, including sales, production, and cash budgets.
Develop flexible budgets to adapt to changing production levels or sales volumes.
Evaluate departmental performance using responsibility accounting systems.
Assess relevant costs for decision-making, considering factors like differential analysis and opportunity costs.
Apply time value of money principles to discounted cash flow analysis and capital budgeting.
Utilize Excel files to practice accounting calculations and enhance spreadsheet proficiency.
Interpret financial statements and reports to evaluate business performance.
Apply critical thinking and problem-solving skills to complex accounting scenarios.
Communicate financial information effectively to stakeholders within an organization.
Apply managerial accounting concepts to real-world business situations.

Who is this for?

Business owners, entrepreneurs, and managers who need to make informed financial decisions and effectively manage costs in their organizations.

Accounting and finance professionals who want to expand their knowledge and skills in managerial and cost accounting.

Students pursuing degrees or certifications in accounting, finance, business administration, or related fields.

Individuals seeking to advance their careers in roles that involve financial analysis, cost management, or budgeting.

Anyone interested in gaining a deeper understanding of how accounting information is used to support decision-making processes in organizations.

What You Need to Know?

Basic understanding of financial accounting principles and concepts.

Familiarity with fundamental accounting equations and journal entries.

Knowledge of financial statements, including the balance sheet, income statement, and statement of cash flows.

Proficiency in basic arithmetic and mathematical calculations.

Comfortable working with spreadsheets, such as Microsoft Excel or Google Sheets.

More details

Description
Welcome to the comprehensive course on Managerial and Cost Accounting! In this course, we will delve deep into the key topics that are essential for understanding and applying managerial accounting principles. Whether you're a student, professional, or business owner, this course will equip you with the necessary skills to make informed and rational business decisions.
Throughout the course, we will cover a wide range of topics based on standardized accounting textbooks used by college undergraduate schools in the United States. Here is a breakdown of each area we will explore:
Job Order Costing:
In this section, we will explore the intricacies of job order costing, a method used in industries where products or services are customized or unique. You will learn how to allocate costs to specific jobs or projects, determine the cost of production for each unit, and analyze job order cost sheets. We will discuss key concepts such as direct materials, direct labor, and overhead allocation methods. Additionally, we will examine job costing systems, including job cost records and job cost reports. You will gain a comprehensive understanding of the job order costing process and how it aids in decision-making and cost control.
Process Costing:
Process costing is commonly employed in industries with continuous production processes, such as manufacturing and chemical production. In this module, we will delve into the details of process costing systems, including the calculation of equivalent units, allocation of costs to production departments, and preparation of process cost reports. You will gain a solid understanding of the steps involved in calculating unit costs for products produced through continuous processes. We will also discuss concepts like weighted average method and FIFO method in process costing. You will learn how process costing enables businesses to track and manage costs in large-scale production environments.
Cost-Volume-Profit Analysis:
Cost-Volume-Profit (CVP) analysis helps businesses understand the relationships between costs, volume, and profit. In this segment, we will cover important CVP analysis techniques, including breakeven analysis, contribution margin analysis, and calculating the margin of safety. You will learn how to use this information to make informed decisions regarding pricing, sales volumes, and profitability. We will explore concepts like variable costs, fixed costs, contribution margin ratio, and target profit analysis. This knowledge will enable you to assess the financial feasibility of business decisions and optimize your company's profitability.
Master Budgets:
Master budgets are comprehensive financial plans that provide a roadmap for an organization's operations and financial activities. In this module, we will dive deep into the components of a master budget. You will learn how to prepare sales budgets, production budgets, direct materials budgets, direct labor budgets, manufacturing overhead budgets, and cash budgets. We will discuss the importance of budgeting in planning, controlling, and evaluating business performance. This knowledge will empower you to develop effective budgets and monitor the financial health of your organization.
Flexible Budgets:
Flexible budgets are dynamic budgets that adjust based on changes in production levels or sales volumes. In this module, we will discuss the importance of flexible budgets in cost control and performance evaluation. You will learn how to create flexible budgets, analyze variances, and use this information to make strategic business decisions. We will explore concepts like flexible budget formulas, static budget variances, and flexible budget variances. This understanding will enable you to adapt your budgeting process to changing business conditions and enhance your decision-making capabilities.
Responsibility Accounting:
Responsibility accounting is a system that assigns responsibility for costs and revenues to specific individuals or departments within an organization. In this section, we will explore different types of responsibility centers, including cost centers, profit centers, and investment centers. You will learn how to evaluate performance and hold individuals accountable using responsibility accounting techniques. We will discuss concepts like controllable costs, traceable costs, and performance reports for responsibility centers. This knowledge will help you allocate costs effectively, evaluate departmental performance, and optimize resource allocation.
Relevant Costs:
Relevant costs are future costs that are critical in decision-making processes. In this section, we will examine relevant cost analysis techniques, including differential analysis, opportunity cost analysis, and make-or-buy decisions. You will learn how to identify and analyze relevant costs to make sound choices that maximize profitability and efficiency. We will also discuss concepts like sunk costs, incremental costs, and qualitative factors in decision-making. This understanding will enable you to assess the financial impact of alternative courses of action and make informed business decisions.
Time Value of Money:
The time value of money is a fundamental concept that recognizes the importance of the timing of cash flows. In this module, we will delve into discounted cash flow analysis, present value calculations, future value calculations, and capital budgeting decisions. You will gain a solid understanding of the time value of money principles and their application in investment analysis and decision-making. This knowledge will enable you to evaluate investment opportunities, assess their long-term financial implications, and make strategic investment decisions.
By the end of this comprehensive course, you will have gained a deep understanding of managerial and cost accounting principles, enabling you to analyze financial data, control costs, and make informed decisions that drive business success.
Enroll now and take a significant step towards mastering managerial and cost accounting. See you in the course!
(Note: This course does not cover financial accounting topics, but focuses specifically on managerial and cost accounting principles and their applications in business decision-making.)
Who this course is for:
Business owners, entrepreneurs, and managers who need to make informed financial decisions and effectively manage costs in their organizations.
Accounting and finance professionals who want to expand their knowledge and skills in managerial and cost accounting.
Students pursuing degrees or certifications in accounting, finance, business administration, or related fields.
Individuals seeking to advance their careers in roles that involve financial analysis, cost management, or budgeting.
Anyone interested in gaining a deeper understanding of how accounting information is used to support decision-making processes in organizations.

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Management Accounting

Robert (Bob) Steele

Instructor's Courses

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his. Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA). Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software. In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible. Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks. Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business. Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster. Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts. The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video. Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like Udemy.

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