Managerial Accounting: Cost Behaviors, Systems, and Analysis

Managerial Accounting: Cost Behaviors, Systems, and Analysis

This course is part of Value Chain Management Specialization

Instructor: Gary Hecht, Ph.D.

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68,033 already enrolled

4 modules

Gain insight into a topic and learn the fundamentals.

1,369 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.

1,369 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

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Assessments

1 quiz, 13 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 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/.

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 videos9 readings4 assignments1 plugin

12 videos Total 35 minutes

Welcome and Course Overview 1 minute
The Impact of the Gies Community 2 minutes
Learning Objectives and What is Managerial Accounting 5 minutes
The Difference Between Financial and Managerial Accounting 6 minutes
Contemporary Issues 3 minutes
What We've Learned in Lesson 1.1 1 minute
Learning Objectives and Terminology 3 minutes
Cost Framework 1 - Objects 4 minutes
Cost Framework 2 - Behavior 3 minutes
Cost Framework 2 - Behavior Example 6 minutes
What We've Learned in Lesson 1.2 1 minute
Module 1 Review 1 minute

9 readings Total 160 minutes

Syllabus 10 minutes
About this Course: Ratings and Reviews 10 minutes
About the Discussion Forums 10 minutes
Glossary 10 minutes
Getting to Know Your Classmates 10 minutes
Updating Your Profile 10 minutes
Online Education at Gies College of Business 10 minutes
Module 1 Overview 10 minutes
Module 1 Readings 80 minutes

4 assignments Total 120 minutes

Managerial Accounting Concepts Quiz 30 minutes
Orientation Quiz 30 minutes
Lesson 1.1 Practice Quiz 30 minutes
Lesson 1.2 Practice Quiz 30 minutes

1 plugin Total 15 minutes

Welcome! Please Tell Us About Yourself 15 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 videos Total 34 minutes

Learning Objectives and Flow of Costs Through Financial Statements 5 minutes
Two Traditional Systems 4 minutes
Extension - Overhead Costs 6 minutes
What We've Learned in Lesson 2.1 1 minute
Learning Objectives and Example Scenario 9 minutes
The Manager Did What? 8 minutes
What We've Learned in Lesson 2.2 1 minute
Module 2 Review 1 minute

2 readings Total 90 minutes

Module 2 Overview 10 minutes
Module 2 Readings 80 minutes

3 assignments Total 90 minutes

Costing Systems I - Elements and Design Quiz 30 minutes
Lesson 2.1 Practice Quiz 30 minutes
Lesson 2.2 Practice Quiz 30 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 videos Total 42 minutes

Learning Objectives and General Approach and Overview 4 minutes
Fundamental Components 4 minutes
ABC Organization and Steps to Implementation 7 minutes
What We've Learned in Lesson 3.1 1 minute
Learning Objectives and Steps Through an Example 19 minutes
Other Considerations 4 minutes
What We've Learned in Lesson 3.2 1 minute
Module 3 Review 1 minute

2 readings Total 90 minutes

Module 3 Overview 10 minutes
Module 3 Readings 80 minutes

3 assignments Total 90 minutes

Costing Systems II - Activity-Based Costing Quiz 30 minutes
Lesson 3.1 Practice Quiz 30 minutes
Lesson 3.2 Practice Quiz 30 minutes

1 peer review Total 120 minutes

Module 3 Mini-Project 120 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 readings1 quiz3 assignments1 peer review1 plugin

8 videos Total 43 minutes

Learning Objectives and Cost-Volume-Profit Analysis Intro 8 minutes
Cost-Volume-Profit Analysis Example 1 8 minutes
Cost-Volume-Profit Analysis Example 2 - Taxes 11 minutes
What We've Learned in Lesson 4.1 1 minute
Learning Objectives and Cost-Volume-Profit Example 3 - Multiple Products 12 minutes
What We've Learned in Lesson 4.2 1 minute
Module 4 Review 1 minute
Learn on Your Terms 1 minute

4 readings Total 90 minutes

Module 4 Overview 10 minutes
Module 4 Readings 60 minutes
Congratulations on completing the course! 10 minutes
Get Your Course Certificate 10 minutes

1 quiz Total 30 minutes

Lesson 4.2 Practice Quiz 30 minutes

3 assignments Total 70 minutes

Cost-Volume-Profit (CVP) Analysis: Conceptual Quiz 30 minutes
Cost-Volume-Profit (CVP) Analysis: Quantitative Analysis Quiz 10 minutes
Lesson 4.1 Practice Quiz 30 minutes

1 peer review Total 120 minutes

Module 4 Mini-Project 120 minutes

1 plugin Total 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

(256 ratings)

Gary Hecht, Ph.D.

University of Illinois Urbana-Champaign

9 Courses 125,115 learners

Offered by

University of Illinois Urbana-Champaign

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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 Jun 18, 2023

This Course reinforces valuable skills in cost analysis and decision-making. Highly appreciated and would I recommend it to other students. Thank you.

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