4.8
stars
651 ratings

Luann J. Lynch

53,768 already enrolled

Offered By

Managerial Accounting Fundamentals

University of Virginia

About this Course

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This course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, will teach you the fundamentals of managerial accounting including how to navigate the financial and related information managers need to help them make decisions. You'll learn about cost behavior and cost allocation systems, how to conduct cost-volume-profit analysis, and how to determine if costs and benefits are relevant to your decisions. 
By the end of this course, you will be able to:
- Describe different types of costs and how they are represented graphically
- Conduct cost-volume-profit analyses to answer questions around breaking even and generating profit
- Calculate and allocate overhead rates within both traditional and activity-based cost allocation systems
- Distinguish costs and benefits that are relevant from those that are irrelevant for a given management decision
- Determine a reasonable course of action, given the financial impact, for a given management decision

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Coursera Labs

Includes hands on learning projects.

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Beginner Level

No prior experience needed to participate in and benefit from this course.

Approx. 13 hours to complete

English

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What you will learn

Different types of costs and how they are represented graphically
Cost-volume-profit analyses to answer questions around breaking even and generating profit
How to calculate and allocate overhead rates within both traditional and activity-based cost allocation systems
How to distinguish costs and benefits that are relevant from those that are irrelevant for a given management decision

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Coursera Labs

Includes hands on learning projects.

Learn more about Coursera Labs

Beginner Level

No prior experience needed to participate in and benefit from this course.

Approx. 13 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.84/5 (193 Ratings)

Luann J. Lynch

Almand R. Coleman Professor of Business Administration

Darden School of Business

172,532 Learners

2 Courses

Offered by

University of Virginia

A premier institution of higher education, The University of Virginia offers outstanding academics, world-class faculty, and an inspiring, supportive environment. Founded by Thomas Jefferson in 1819, the University is guided by his vision of discovery, innovation, and development of the full potential of students from all walks of life. Through these courses, global learners have an opportunity to study with renowned scholars and thought leaders.

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Syllabus - What you will learn from this course

Content Rating97%(3,477 ratings)

Week1

Week 1

3 hours to complete

MANAGERIAL ACCOUNTING AND COST BEHAVIOR

Welcome to the course -- we're glad you're here! During this first week, we'll distinguish managerial from financial accounting, including the financial and related information managers need to help them make decisions. We'll then move on to cost behavior including different types of costs, their classifications, and how these classifications help with decision-making. From there, we'll show how to use a scatterplot and the high-low method to estimate cost functions. Let's get started!

3 hours to complete

16 videos (Total 71 min), 2 readings, 3 quizzes

16 videos

Welcome and Course Overview56sWhat Is Managerial Accounting?1mThree Sets of Books3mFinancial Versus Managerial Accounting2mDifferent Costs for Different Purposes2mDifferent Costs in More Detail7mCost Behavior3mUsing a Line to Represent Cost Behavior2mEstimating Cost Functions Using Scatter Plots5mYour Turn: Estimating Cost Functions Using Scatter Plots Problem 15mYour Turn: Estimating Cost Functions Using Scatter Plots Problem 24mEstimating Cost Functions Using the High-Low Method5mYour Turn: Estimating Cost Functions Using the High-Low Method Problem 17mYour Turn: Estimating Cost Functions Using the High Low Method Problem 25mImportant Caveats10mJW Sports Supplies Case Introduction1m

2 readings

Course Overview10mWelcome to Honors!10m

3 practice exercises

Week 1 Practice Quiz30mWeek 1 Graded Quiz30mWeek 1 Honors Graded Quiz30m

Week2

Week 2

5 hours to complete

COST-VOLUME-PROFIT ANALYSIS

5 hours to complete

15 videos (Total 50 min)

15 videos

Week 2 Overview48sWhat Is CVP Analysis?2mFunctional Versus Contribution Margin Income Statements4mBreakeven Analysis4mYour Turn: Breakeven Analysis Company A2mYour Turn: Breakeven Analysis Company B1mYour Turn: Breakeven Analysis Company C2mYour Turn: Breakeven Analysis Company D3mInterested in Doing More than Breakeven?3mYour Turn: Doing More than Breakeven Company A3mYour Turn: Doing More than Breakeven Company B3mYour Turn: Doing More than Breakeven Company C2mYour Turn: Doing More than Breakeven Company D2mCVP Analysis with Multiple Products5mYour Turn: CVP Analysis with Multiple Products6m

4 practice exercises

Week 2 Practice Quiz30mWeek 2 Graded Quiz30mWeek 2 Honors Graded Quiz 130mWeek 2 Honors Graded Quiz 230m

Week3

Week 3

3 hours to complete

COST ALLOCATION

3 hours to complete

14 videos (Total 75 min), 1 reading, 3 quizzes

14 videos

Week 3 Overview36sThe Flow of Costs4mThe Flow of Costs in More Detail4mCost Systems5mAllocating Overhead Costs5mDesigning Cost Allocation Systems2mYour Turn: Allocating Overhead Costs Problem 15mYour Turn: Allocating Overhead Costs Problem 24mTraditional Cost Allocation Systems4mActivity-Based Costing12mBeyond Manufacturing Costs6mYour Turn: Activity-Based Costing Problem 18mYour Turn: Activity-Based Costing Problem 28mTo Use Activity-Based Costing or Not?53s

1 reading

JW Sports Supplies Case (Part B)10m

3 practice exercises

Week 3 Practice Quiz30mWeek 3 Graded Quiz30mWeek 3 Honors Graded Quiz30m

Week4

Week 4

2 hours to complete

RELEVANT COSTS AND BENEFITS

2 hours to complete

14 videos (Total 64 min)

14 videos

Week 4 Overview1mRelevant Costs and Benefits3mImportant Terms2mRelevant Costs in an Example4mYour Turn: Relevant Costs and Benefits4mSpecial Order Decision7mYour Turn: Special Order Decision3mMake or Buy Decision5mYour Turn: Make or Buy Decision4mKeep or Drop a Product Line Decision5mYour Turn: Keep or Drop a Product Line Decision4mProduct Mix Decisions10mYour Turn: Product Mix Decisions4mCourse Conclusion1m

2 practice exercises

Week 4 Practice Quiz30mWeek 4 Graded Quiz30m

Reviews

4.8

155 reviews

5 stars
83.35%
4 stars
14.19%
3 stars
1.22%
2 stars
0.45%
1 star
0.76%

TOP REVIEWS FROM MANAGERIAL ACCOUNTING FUNDAMENTALS

by HCMar 8, 2022

I love the energy and the practice from the professor. Her light board is fantastic and so helpful for me to be able to understand the concepts with clear structures to solve accounting problems.

by TDNov 28, 2021

The time I spent here was so worth it, because it really helps me to gain knowledge about managerial accounting.

by HTJul 19, 2022

Its a five star course.

It has much rigor and gives a run for your time and money.

I enjoyed my time here.

by MPNov 10, 2020

The course was easy and fun at first but it got tougher as Lynn went forward. She is a pleasant educator.

View all reviews

Frequently Asked Questions

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What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, 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. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

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Managerial Accounting Fundamentals

Managerial Accounting Fundamentals

About this Course

What you will learn