About this Course
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Approx. 20 hours to complete

Suggested: 4 weeks of study, 6-8 hours/week...


Subtitles: English

Skills you will gain

AccountingCostInvestmentAnalysis Of Variance (ANOVA)

100% online

Start instantly and learn at your own schedule.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Approx. 20 hours to complete

Suggested: 4 weeks of study, 6-8 hours/week...


Subtitles: English

Learners taking this Course are

  • Chief Financial Officers (CFOs)
  • Controllers
  • Program Managers
  • Accountants
  • Process Analysts

Syllabus - What you will learn from this course

6 hours to complete

Course Overview and Relevant Information for Decision Making

18 videos (Total 55 min), 7 readings, 7 quizzes
18 videos
Fundamental Concepts2m
Sunk Costs3m
Opportunity Costs3m
Common Mistakes2m
What We've Learned in Lesson 1.144s
Learning Objectives and Overview1m
Keep or Drop a Product Line6m
Make or Buy8m
Replace or Retain Equipment6m
Additional Considerations2m
What We've Learned in Lesson 1.237s
Learning Objectives and Overview1m
Sell "As-Is" or Process Further4m
Accepting a Special Order7m
What We've Learned in Lesson 1.340s
Module 1 Review39s
Like this course? Learn more with the iMBA! (Optional)1m
7 readings
About this Course: Ratings and Reviews10m
About the Discussion Forums10m
Getting to Know Your Classmates10m
Module 1 Overview10m
Module 1 Readings1h 20m
6 practice exercises
Orientation Quiz10m
Lesson 1.1 Practice Quiz10m
Lesson 1.2 Practice Quiz10m
Lesson 1.3 Practice Quiz6m
Module 1 - Conceptual Quiz20m
Module 1 - Quantitative Analysis Quiz10m
5 hours to complete

Budgeting for Planning and Control

25 videos (Total 84 min), 2 readings, 6 quizzes
25 videos
Basic Terminology4m
What We've Learned in Lesson 2.139s
Master Budget Overview1m
Sales Budget2m
Production Budget4m
Component Budgets11m
Budgeted Income Statement3m
What We've Learned in Lesson 2.256s
Financing Budget Overview1m
Cash Budget - 13m
Cash Budget - 24m
Cash Budget - 36m
Extending the Example2m
What We've Learned in Lesson 2.337s
Capital Budgeting Overview1m
Example Scenario4m
Accounting Rate of Return3m
Time Horizon and Implications4m
Discounted Cash Flow and Net Present Value7m
Internal Rate of Return5m
What We've Learned in Lesson 2.446s
Module 2 Review46s
2 readings
Module 2 Overview10m
Module 2 Readings2h
6 practice exercises
Lesson 2.1 Practice Quiz6m
Lesson 2.2 Practice Quiz8m
Lesson 2.3 Practice Quiz6m
Lesson 2.4 Practice Quiz8m
Module 2 - Conceptual Quiz20m
Module 2 - Quantitative Analysis Quiz10m
6 hours to complete

Standard Costing and Variance Analysis

13 videos (Total 78 min), 2 readings, 6 quizzes
13 videos
Cost Variance Classification and General Framework10m
Causes of Variances5m
An Example Scenario and Direct Materials Variances10m
Direct Labor Variances7m
Variable Overhead Variances3m
Fixed Cost Variances7m
Production Volume Variances5m
What We've Learned in Lesson 3.21m
Fundamentals and General Framework6m
An Example Scenario11m
What We've Learned in Lesson 3.340s
Module 3 Review53s
2 readings
Module 3 Overview10m
Module 3 Readings2h
5 practice exercises
Lesson 3.1 Practice Quiz8m
Lesson 3.2 Practice Quiz8m
Lesson 3.3 Practice Quiz6m
Module 3 - Conceptual Quiz16m
Module 3 - Quantitative Analysis Quiz10m
2 hours to complete

Performance Measurement and Evaluation

13 videos (Total 62 min), 2 readings, 4 quizzes
13 videos
What We've Learned in Lesson 4.154s
Why is Financial Performance Measurement Important?4m
Return on Investment4m
The Underinvestment Problem8m
Residual Income6m
What We've Learned in Lesson 4.253s
Non-Financial Measures4m
Strategic Performance Measurement Systems8m
Performance Measurement Issues7m
Subjective Performance Evaluation4m
What We've Learned in Lesson 4.31m
Module 4 Review49s
2 readings
Module 4 Overview10m
Module 4 Readings10m
4 practice exercises
Lesson 4.1 Practice Quiz6m
Lesson 4.2 Practice Quiz8m
Lesson 4.3 Practice Quiz8m
Module 4 Quiz24m
44 ReviewsChevron Right


started a new career after completing these courses


got a tangible career benefit from this course

Top reviews from Managerial Accounting: Tools for Facilitating and Guiding Business Decisions

By ASOct 7th 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 JNDec 13th 2018

Great course and great professor. I learned exactly what I hoped to learn and more. The professor is very clear in explaining and provides easy to follow examples that drive home the concepts.



Gary Hecht, Ph.D.

Associate Professor of Accountancy
Department of Accountancy, College of Business

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.

About 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. ...

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....
Value Chain Management

Frequently Asked Questions

  • 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.

  • 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.

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