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.
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Value Chain Management SpecializationUniversity of Illinois at Urbana-ChampaignAbout this Course
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Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 1 of 7 in the
Flexible deadlines
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Approx. 20 hours to complete
English
Subtitles: English, Vietnamese
Skills you will gain
Management AccountingCost AccountingActivity Based CostingCost
Shareable Certificate
Earn a Certificate upon completion
100% online
Start instantly and learn at your own schedule.
Course 1 of 7 in the
Flexible deadlines
Reset deadlines in accordance to your schedule.
Approx. 20 hours to complete
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
8 videos (Total 46 min), 3 readings, 5 quizzes
8 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
Gies Online Programs3m
3 readings
Module 4 Overview10m
Module 4 Readings1h
Congratulations10m
4 practice exercises
Lesson 4.1 Practice Quiz30m
Lesson 4.2 Practice Quiz30m
Module 4 Quiz - Concepts30m
Module 4 Quiz - Quantitative Analysis10m
Reviews
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 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!
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?
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- The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
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?
If you subscribed, you get a 7-day free trial during which you can cancel at no penalty. After that, we don’t give refunds, but you can cancel your subscription at any time. See our full refund policy.
Is financial aid available?
Yes, Coursera provides financial aid to learners who cannot afford the fee. Apply for it by clicking on the Financial Aid link beneath the "Enroll" button on the left. You'll be prompted to complete an application and will be notified if you are approved. You'll need to complete this step for each course in the Specialization, including the Capstone Project. Learn more.
Will I earn university credit for completing the Course?
This Course doesn't carry university credit, but some universities may choose to accept Course Certificates for credit. Check with your institution to learn more. Online Degrees and Mastertrack™ Certificates on Coursera provide the opportunity to earn university credit.
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