Course Information
Course Overview
Strategic Tools for Planning, Budgeting, and Control; Build Financial Confidence for Real-World Management
This course covers all the major managerial accounting concepts that are a part of every Managerial ( Management) Accounting course in every Master of Business Administration university program.
Master the tools and techniques that drive smart business decisions.
This comprehensive course in Management Accounting—also known as Managerial or Cost Accounting—is designed for MBA students, business professionals, and aspiring managers who need to understand how internal financial data supports planning, control, and strategic decision-making.
Unlike financial accounting, which focuses on reporting past performance to external stakeholders, management accounting provides timely, forward-looking insights tailored for internal use. Through this course, you'll learn how to identify, analyze, interpret, and apply financial and non-financial information to improve business operations and align decisions with organizational goals.
You will:
Understand how managerial accounting differs from financial accounting
Explore the core roles of managers in planning, directing, and controlling operations
Classify and apply the three major types of manufacturing costs
Distinguish between product costs and period costs for more accurate reporting
Prepare a contribution margin income statement using cost-volume-profit (CVP) analysis
Calculate break-even points, target profit levels, and assess the impact of sales changes on cost behavior
Conduct CVP analysis for multi-product companies and interpret operating leverage to inform executive decisions
Build a Master Budget using Excel to plan and coordinate business activities
Implement a Flexible Budget to measure and control performance dynamically
The course is designed to be highly practical, with spreadsheet-based examples, step-by-step exercises, and real-world scenarios. Whether you're preparing for exams, running a business, or managing a department, this course will give you the confidence and skills to make smarter financial decisions.
Join thousands of students who’ve enhanced their careers through this course and gain a solid foundation in the financial thinking every manager needs to lead effectively.
Course Content
- 10 section(s)
- 30 lecture(s)
- Section 1 How to proceed through this course
- Section 2 MODULE 1 - Introduction to Managerial Accounting
- Section 3 Module 2 -Introduction to Manufacturing Costs
- Section 4 Test Your Understanding on Manufacturing Costs
- Section 5 Introduction to Planning Tools
- Section 6 Module 3- Cost Behaviour & The Contribution Margin
- Section 7 Introduction to Cost Volume Profit/Target Net Income/Margin of Safety
- Section 8 Module 5- CVP Analysis with Sales Mix and Degree of Operating Leverage
- Section 9 Test your Understanding on Cost Volume Profit Analysis
- Section 10 Assignment on Planning Tools
What You’ll Learn
- You will learn all the Control Systems covered in an MBA course
- You will learn all the Planning system covered in an MBA course
- You will Understand Job Costing Systems and the Activity Based Costing System
- You will Know how to perform Cost-Volume-Profit analysis for profit planning, pricing decisions, and sensitivity analysis
- You will be able to perform Incremental analysis on making decisions
- You will Learn how to develop the Master Budget using excel
- You will Learn how to prepare a Cash Budget
- You will Understand Budget control using the flexible budgets
- You will Know how Standard Costs help management plan and control operations
- You will Understand Responsibility Accounting
Skills covered in this course
Reviews
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JJames Rene Luzano
Well discussed topics
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RRobbie Davis
Yes, it helped me review concepts for the upcoming Fall 2019 Management Accounting class that I will be teaching
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AAlejandro Casillas
Very thorough
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CConrad Jerome Dumayag
Pros: The approach to teaching is excellent... understandable to someone like me without background... Cons: the downloadable materials leaves much to be desired... - the questionnaires (in docx) are not working as intended... - some of the mind maps have low resolution.... but this can be solved by trying the diagrams yourself all in all... i would still recommend this course