University of Illinois Urbana-Champaign
Managerial Accounting: Tools for Facilitating and Guiding Business Decisions

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University of Illinois Urbana-Champaign

Managerial Accounting: Tools for Facilitating and Guiding Business Decisions

Gary Hecht, Ph.D.

Instructor: Gary Hecht, Ph.D.

32,609 already enrolled

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Gain insight into a topic and learn the fundamentals.
4.7

(620 reviews)

Intermediate level
Some related experience required
Flexible schedule
Approx. 24 hours
Learn at your own pace
92%
Most learners liked this course
Gain insight into a topic and learn the fundamentals.
4.7

(620 reviews)

Intermediate level
Some related experience required
Flexible schedule
Approx. 24 hours
Learn at your own pace
92%
Most learners liked this course

Details to know

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Assessments

18 quizzes, 3 assignments

Taught in English

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This course is part of the Value Chain Management Specialization
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There are 4 modules in this course

In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. Decisions are at the heart of all organizations. In this module, you will also explore the nature and role of relevant information in common business decisions, and how such information facilitates these decisions and helps managers and employees avoid common pitfalls. You will also consider how the financial perspective adopted by accountants complements other, qualitative perspectives.

What's included

18 videos9 readings4 quizzes2 assignments1 peer review

After establishing goals, setting targets, and the budget, upper management uses variance analysis to compare, assess, and investigate differences between actual and expected performance. In this module, you will learn how upper management uses variance analysis to motivate and monitor managers and employees, how to perform variance analysis on any aspect of the organization, and ultimately understand the power of this important tool for planning and control.

What's included

13 videos2 readings5 quizzes1 peer review

Accountants help implement, communicate, and evolve organizational strategy via the information they provide to owners, managers, and employees. Specifically, they help plan, monitor, and control decisions via the performance measurement, evaluation, and compensation system. In this module, you will explore many aspects of this important system, including decentralization, financial and non-financial performance measurement, strategic performance measurement systems, and subjective performance evaluation.

What's included

13 videos2 readings3 quizzes1 assignment

At the heart of an organization’s planning and control function is its budget. In this module, you will explore the purpose of budgeting, the role of managers and employees in budgeting, and related implications. You will also develop an organization’s budget, ultimately understanding the iterative nature among the budget’s key components: the operations, financing, and capital investments budgets.

What's included

25 videos4 readings6 quizzes

Instructor

Instructor ratings
4.6 (73 ratings)
Gary Hecht, Ph.D.
University of Illinois Urbana-Champaign
9 Courses115,281 learners

Offered by

Recommended if you're interested in Finance

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

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4.7

620 reviews

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