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Managerial Accounting: Cost Behaviors, Systems, and Analysis

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Managerial Accounting: Cost Behaviors, Systems, and Analysis

This course is part of Value Chain Management Specialization

Instructor: Gary Hecht, Ph.D.

69,736 already enrolled

Included with

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4 modules

Gain insight into a topic and learn the fundamentals.

1,373 reviews

Intermediate level

Some related experience required

Flexible schedule

2 weeks at 10 hours a week

Learn at your own pace

96%

Most learners liked this course

4 modules

Gain insight into a topic and learn the fundamentals.

1,373 reviews

Intermediate level

Some related experience required

Flexible schedule

2 weeks at 10 hours a week

Learn at your own pace

96%

Most learners liked this course

What you'll learn

Describe fundamental concepts of managerial accounting.
Apply the financial perspective of accounting for costs.
Address common "what-if" questions using cost-volume-profit (CVP) analysis and apply CVP analysis in a variety of scenarios.
Apply activity-based costing (ABC) and recognize the influence of setting and decision characteristics on the relevance of ABC systems.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

14 assignments

Taught in English

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This course is part of the Value Chain Management Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

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Earn a shareable career certificate

There are 4 modules in this course

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.

You will be able to: • Understand what managerial accounting is and why it is an important function for successful businesses • 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 circumstances and decisions for which ABC systems are relevant • Address common "what-if" questions using cost-volume-profit (CVP) analysis and apply CVP in a variety of scenarios This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.

Module details

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.

What's included

12 videos8 readings4 assignments1 discussion prompt1 plugin

12 videosTotal 35 minutes

Welcome and Course Overview1 minute
The Impact of the Gies Community2 minutes
Learning Objectives and What is Managerial Accounting5 minutes
The Difference Between Financial and Managerial Accounting6 minutes
Contemporary Issues3 minutes
What We've Learned in Lesson 1.11 minute
Learning Objectives and Terminology3 minutes
Cost Framework 1 - Objects4 minutes
Cost Framework 2 - Behavior3 minutes
Cost Framework 2 - Behavior Example6 minutes
What We've Learned in Lesson 1.21 minute
Module 1 Review1 minute

8 readingsTotal 150 minutes

Syllabus10 minutes
About this Course: Ratings and Reviews10 minutes
About the Discussion Forums10 minutes
Glossary10 minutes
Updating Your Profile10 minutes
Online Education at Gies College of Business10 minutes
Module 1 Overview10 minutes
Module 1 Readings80 minutes

4 assignmentsTotal 120 minutes

Orientation Quiz30 minutes
Lesson 1.1 Practice Quiz30 minutes
Lesson 1.2 Practice Quiz30 minutes
Managerial Accounting Concepts Quiz30 minutes

1 discussion promptTotal 10 minutes

Getting to Know Your Classmates10 minutes

1 pluginTotal 15 minutes

Welcome! Please Tell Us About Yourself15 minutes

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.

What's included

8 videos2 readings3 assignments

8 videosTotal 34 minutes

Learning Objectives and Flow of Costs Through Financial Statements5 minutes
Two Traditional Systems4 minutes
Extension - Overhead Costs6 minutes
What We've Learned in Lesson 2.11 minute
Learning Objectives and Example Scenario9 minutes
The Manager Did What?8 minutes
What We've Learned in Lesson 2.21 minute
Module 2 Review1 minute

2 readingsTotal 90 minutes

Module 2 Overview10 minutes
Module 2 Readings80 minutes

3 assignmentsTotal 90 minutes

Lesson 2.1 Practice Quiz30 minutes
Lesson 2.2 Practice Quiz30 minutes
Costing Systems I - Elements and Design Quiz30 minutes

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.

What's included

8 videos2 readings3 assignments1 peer review

8 videosTotal 42 minutes

Learning Objectives and General Approach and Overview4 minutes
Fundamental Components4 minutes
ABC Organization and Steps to Implementation7 minutes
What We've Learned in Lesson 3.11 minute
Learning Objectives and Steps Through an Example19 minutes
Other Considerations4 minutes
What We've Learned in Lesson 3.21 minute
Module 3 Review1 minute

2 readingsTotal 90 minutes

Module 3 Overview10 minutes
Module 3 Readings80 minutes

3 assignmentsTotal 90 minutes

Lesson 3.1 Practice Quiz30 minutes
Lesson 3.2 Practice Quiz30 minutes
Costing Systems II - Activity-Based Costing Quiz30 minutes

1 peer reviewTotal 120 minutes

Module 3 Mini-Project120 minutes

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.

What's included

8 videos4 readings4 assignments1 peer review1 plugin

8 videosTotal 43 minutes

Learning Objectives and Cost-Volume-Profit Analysis Intro8 minutes
Cost-Volume-Profit Analysis Example 18 minutes
Cost-Volume-Profit Analysis Example 2 - Taxes11 minutes
What We've Learned in Lesson 4.11 minute
Learning Objectives and Cost-Volume-Profit Example 3 - Multiple Products12 minutes
What We've Learned in Lesson 4.21 minute
Module 4 Review1 minute
Learn on Your Terms1 minute

4 readingsTotal 90 minutes

Module 4 Overview10 minutes
Module 4 Readings60 minutes
Congratulations on completing the course!10 minutes
Get Your Course Certificate10 minutes

4 assignmentsTotal 100 minutes

Lesson 4.1 Practice Quiz30 minutes
Lesson 4.2 Practice Quiz30 minutes
Cost-Volume-Profit (CVP) Analysis: Conceptual Quiz30 minutes
Cost-Volume-Profit (CVP) Analysis: Quantitative Analysis Quiz10 minutes

1 peer reviewTotal 120 minutes

Module 4 Mini-Project120 minutes

1 pluginTotal 15 minutes

How Was the Course?15 minutes

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Build toward a degree

This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹

Instructor

Instructor ratings

(257 ratings)

Gary Hecht, Ph.D.

University of Illinois Urbana-Champaign

9 Courses127,190 learners

Offered by

University of Illinois Urbana-Champaign

Learner reviews

5 stars
78.90%
4 stars
17.30%
3 stars
2.61%
2 stars
0.36%
1 star
0.80%

Showing 3 of 1373

Reviewed on Mar 19, 2021

I really enjoyed this course. It was really easy for me to grasp complex concepts. Thank you for designing the course in such a way. It really helped me a lot.

Reviewed on Nov 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!

Reviewed on Mar 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!

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