University of Virginia
Managerial Accounting Fundamentals
University of Virginia

Managerial Accounting Fundamentals

Taught in English

Some content may not be translated

69,156 already enrolled

Course

Gain insight into a topic and learn the fundamentals

Luann J. Lynch

Instructor: Luann J. Lynch

4.8

(755 reviews)

Beginner level

Recommended experience

13 hours to complete
3 weeks at 4 hours a week
Flexible schedule
Learn at your own pace

What you'll 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

Details to know

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Assessments

12 quizzes

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There are 4 modules in this course

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!

What's included

16 videos2 readings3 quizzes1 discussion prompt

Now that we've learned the fundamentals of cost behavior, we're ready to move on to discussing the relationships between cost structure, volume, price, and profit. We'll then see why these relationships matter as we conduct cost-volume-profit analyses to answer questions around breaking even and generating profit.

What's included

15 videos4 quizzes1 peer review1 discussion prompt

After learning how to conduct cost-volume-profit analyses, we're ready to discuss cost allocation and the different types of systems we can use: traditional and activity-based. From there, we'll learn how to calculate overhead rates and allocate overhead within both types of systems.

What's included

14 videos1 reading3 quizzes

In our final week, we'll discuss costs and benefits, and gain an understanding of those that are relevant for a given decision. We'll evaluate the financial impact of a given decision, then determine a reasonable course of action.

What's included

14 videos2 quizzes

Instructor

Instructor ratings
4.9 (229 ratings)
Luann J. Lynch
University of Virginia
2 Courses209,915 learners

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4.8

755 reviews

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Reviewed on Aug 12, 2020

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