Applying Managerial Accounting

Course details

Managerial accounting is a specialty that bridges people and data. Accountants communicate financial information to managers so that they can make critical business decisions, plan for the future, and analyze past performance. This course provides a basic introduction to aspiring managerial accountants. Discover the types of managerial accounting and its applications, from lean accounting to lifecycle costing. Follow a real-world case study showing the insights generated from a critical decision about payroll, and learn how to define the elements that will help you successfully implement managerial accounting in the real world. Instructor Joshua Rischin, a management consultant, also provides some tips on building a successful and sustainable career in managerial accounting.

Topics include:
- Describe managerial accounting.
- Contrast activity-based costing with other types of costing and accounting.
- Identify the components of the road map used to prepare a financial model.
- Define the costs a business incurs when undertaking a project.
- Examine the conceptual process in preparing a financial model.

Concepts

0. Introduction

01 - Benefits of managerial accounting

1. Understanding Managerial Accounting

02 - What is managerial accounting
03 - Types of managerial accounting
04 - The bigger picture

2. Applications of Managerial Accounting

05 - Lean accounting
06 - Activity-based costing
07 - Lifecycle costing
08 - Project accounting

3. Managerial Accounting in the Real World

09 - Case study - Insource vs. outsource payroll
10 - Strategic goals and outcomes
11 - Outputs that matter
12 - Information needs
13 - Assumptions and business rules
14 - Preparing a model

4. Managerial Accounting Integration

15 - Building capability

Conclusion

16 - What to do now