This course is part of the Value Chain Management Specialization

Gary Hecht, Ph.D.

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Part of the Master of Business Administration (iMBA) degree

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Value Chain Management SpecializationUniversity of Illinois at Urbana-Champaign

About this Course

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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. 
Upon successful completion of this course, you will be able to:
•	Understand what managerial accounting is and why it is important. 
•	Describe fundamental concepts of managerial accounting. 
•	Apply the financial perspective of accounting for costs.
•	Identify problems associated with relying on financial accounting information for internal decision making. 
•	Organize cost information according to the decision-making needs of the organization.
•	Apply activity-based costing (ABC) and recognize the influence of setting and decision characteristics on the relevance of ABC systems.
•	Address common "what-if" questions using cost-volume-profit (CVP) analysis. 
•	Apply CVP analysis in a variety of scenarios.

This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

Shareable Certificate

Earn a Certificate upon completion

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Start instantly and learn at your own schedule.

Course 1 of 7 in the

Value Chain Management Specialization

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 20 hours to complete

English

Subtitles: French, Portuguese (Brazilian), Vietnamese, Russian, English, Spanish

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

Value Chain Management Specialization

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 20 hours to complete

English

Subtitles: French, Portuguese (Brazilian), Vietnamese, Russian, English, Spanish

Instructor

Instructor rating

4.69/5 (90 Ratings)

Gary Hecht, Ph.D.

Associate Professor of Accountancy

Department of Accountancy, College of Business

76,498 Learners

9 Courses

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.

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Syllabus - What you will learn from this course

Content Rating97%(3,369 ratings)

Week

Week 1

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

Welcome and Course Overview1m

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

Week

Week 2

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

Learning Objectives and Flow of Costs Through Financial Statements4m

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

Week

Week 3

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

Learning Objectives and General Approach and Overview4m

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

Week

Week 4

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

Learning Objectives and Cost-Volume-Profit Analysis Intro7m

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

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?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
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.
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.

More questions? Visit the Learner Help Center.

Managerial Accounting: Cost Behaviors, Systems, and Analysis