In this course, you will learn how to use accounting to facilitate and align decisions made by owners, managers, and employees. You will learn how accountants create, organize, interpret, and communicate information that improves internal processes, and allows organizations to identify and leverage opportunities to create value within the supply chain and with customers.
This course is part of the Value Chain Management Specialization
Managerial Accounting: Cost Behaviors, Systems, and Analysis
Offered By
About this Course
29,094 recent views
Skills you will gain
Management AccountingCost AccountingActivity Based CostingCost
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Flexible deadlines
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Approx. 15 hours to complete
Suggested: 4 weeks of study, 6-8 hours/week
English
Subtitles: English, Vietnamese
Offered by
University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
Start working towards your Master's degree
This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign.
If you are admitted to the full program, your courses count towards your degree learning.
Syllabus - What you will learn from this course
5 hours to complete
Course Overview and Introduction to Managerial Accounting
In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. Then, you will be introduced to Managerial Accounting and Costing Concepts.
5 hours to complete
12 videos (Total 34 min), 7 readings, 4 quizzes
12 videos
Learning Objectives and What is Managerial Accounting4m
The Difference Between Financial and Managerial Accounting5m
Contemporary Issues2m
What We've Learned in Lesson 1.151s
Learning Objectives and Terminology2m
Cost Framework 1 - Objects3m
Cost Framework 2 - Behavior3m
Cost Framework 2 - Behavior Example5m
What We've Learned in Lesson 1.258s
Module 1 Review49s
Like this course? Learn more with the iMBA! (Optional)1m
7 readings
Syllabus10m
About this Course: Ratings and Reviews10m
About the Discussion Forums10m
Glossary10m
Getting to Know Your Classmates10m
Module 1 Overview10m
Module 1 Readings1h 20m
4 practice exercises
Orientation Quiz30m
Lesson 1.1 Practice Quiz30m
Lesson 1.2 Practice Quiz30m
Module 1 Quiz30m
4 hours to complete
Costing Systems I - Elements and Design
Organizations can organize cost information however best suits their decisions. In this module, we introduce the role of costing systems, identify some example systems and settings in which they are most useful, and explore how accounting for overhead costs influences the value of cost information.
4 hours to complete
8 videos (Total 34 min), 2 readings, 3 quizzes
8 videos
Two Traditional Systems3m
Extension - Overhead Costs6m
What We've Learned in Lesson 2.145s
Learning Objectives and Example Scenario9m
The Manager Did What?7m
What We've Learned in Lesson 2.248s
Module 2 Review50s
2 readings
Module 2 Overview10m
Module 2 Readings1h 20m
3 practice exercises
Lesson 2.1 Practice Quiz30m
Lesson 2.2 Practice Quiz30m
Module 2 Quiz30m
6 hours to complete
Costing Systems II - Activity-Based Costing
Activity-based costing systems adopt a more refined view of the organization, and can increase the accuracy of cost information. In this module, we introduce the fundamentals of activity-based costing systems, identify related advantages and disadvantages, and demonstrate how such systems are implemented using an in-depth example.
6 hours to complete
8 videos (Total 42 min), 2 readings, 4 quizzes
8 videos
Fundamental Components3m
ABC Organization and Steps to Implementation7m
What We've Learned in Lesson 3.11m
Learning Objectives and Steps Through an Example19m
Other Considerations4m
What We've Learned in Lesson 3.255s
Module 3 Review48s
2 readings
Module 3 Overview10m
Module 3 Readings1h 20m
3 practice exercises
Lesson 3.1 Practice Quiz30m
Lesson 3.2 Practice Quiz30m
Module 3 Quiz30m
6 hours to complete
Cost-Volume-Profit (CVP) Analysis
Cost-volume-profit (CVP) analysis is the tool that managers can use to better understand the answers to "what-if" questions in order to make better decisions for their companies. In this module you will explore the power of CVP analysis.
6 hours to complete
7 videos (Total 42 min), 2 readings, 5 quizzes
7 videos
Cost-Volume-Profit Analysis Example 18m
Cost-Volume-Profit Analysis Example 2 - Taxes10m
What We've Learned in Lesson 4.11m
Learning Objectives and Cost-Volume-Profit Example 3 - Multiple Products12m
What We've Learned in Lesson 4.251s
Module 4 Review59s
2 readings
Module 4 Overview10m
Module 4 Readings1h
4 practice exercises
Lesson 4.1 Practice Quiz30m
Lesson 4.2 Practice Quiz30m
Module 4 Quiz - Concepts30m
Module 4 Quiz - Quantitative Analysis10m
Reviews
4.8
TOP REVIEWS FROM MANAGERIAL ACCOUNTING: COST BEHAVIORS, SYSTEMS, AND ANALYSIS
by ASOct 6, 2017
Enjoyed this course as part of the Online MBA from UIUC. The concepts are solidly explained with examples and plenty of practice exams that you can re-take unlimited times to test your understanding.
by WNov 19, 2017
The topics are very precise and straight forward to the practice, I just would like to say that more practice would be fantastic with real cases but the time to complete the task is to short
by SBJul 1, 2018
Good course with lots of information. Text has a lot of errors that need to be corrected. Intro to videos could be shortened a little. No reason to have a 15-20 second intro on each one.
by RKNov 19, 2017
Great Course that gives you the basics of Costing and it's relevant in regular Business decisions. Well articulated to ensure that people new to the concepts also understand it clearly!
by APMar 23, 2020
Good content overall for the course. Easy to understand in one go. Very well articulated by the Instructor along with relevant examples from practical life scenarios. Thanks a lot Gary!
by SMFeb 2, 2019
Gary Hecht is an excellent lecturer, applies the concepts of Managerial Accounting to current events brilliantly, and sets a challenging yet achievable bar. Thanks Professor!
by JCFeb 4, 2019
Professors Gary Hecht and Ron Guymon were terrific in their pedagogical methods. I learned and I can remember the material because it was reinforced via various methods.
by MJOct 2, 2017
All good, but the criteria of the peer review assignment is so unfair having so limited number of grades without much space for the reviewer to really rate the work well
by NTMar 23, 2017
Great content. I would bundle the shorter videos in the first two weeks so that I am not listening to an intro and outro for every small point that the professor makes.
by KCFeb 3, 2019
excellent rendition of how the subject should be approached and learned. Kudos to Prof Gary. He is to be commended for his grasp of the subject, and capacity to teach.
by HHNov 27, 2018
I think if you have more example (actual company) how they applied costing method to calculate their production cost, define price... then it's could be better.
by MEOct 9, 2017
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About the Value Chain Management Specialization
The purpose of organizations is to produce and deliver goods and services of value to customers while generating a surplus for owners. Value chain management focuses on understanding what different customers value, measuring inputs and outputs to assess value, and generating higher value for customers and greater surplus for organizations.
In this Specialization, you will gain competencies that are critical for managers in any functional area. You will learn to create, model, analyze, and maximize value in accounting, operations, and marketing.
This Specialization is part of the University of Illinois iMBA Program. Each course fulfills a portion of the requirements for a University of Illinois course that can earn you college credit.
When you complete the Value Chain Management Specialization, you will:
· Understand how to apply a financial perspective of accounting for costs, understand how financial and non-financial accounting information facilitates strategic performance measurement, and integrate this information to continuously improve strategy.
· Understand the role of operations management and process improvement, synthesize information to make decisions for organizational initiatives, and apply analytical techniques for tactical operations and process improvement decisions.
· Understand how marketing works in the business world and how various marketing elements interact to create value for consumers and ultimately maximize value for your organization.
Frequently Asked Questions
When will I have access to the lectures and assignments?
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
Is financial aid available?
More questions? Visit the Learner Help Center.
