Accounting for Managers

If you are a business owner or manager,  you are in the right place.  This course will give you the basis you need to make the right business decisions. 

Through a bunch of practical examples,  you will learn how to apply all basic methods relating to costing,  pricing,  and profit.

It's not possible to get bored during the course,  because it is short,  informative,  and drives you to think and track information all the time. 

First,  you will learn to classify the costs of a business.

Second,  you will learn the methods that a business can apply by inventory valuation.

Next,  you will see which methods you can use to calculate the product cost,  depending on the way that overheads are included in the cost.

Then,  you will get familiar with two other costing methods you can choose from,  depending on the type of production that a business offers.

Once you get the foundation mentioned above,  you will be well prepared to make the right business decisions.

This course will show you that management accounting is not as confusing and boring as you think. And something more, reading tons of antique books is unnecessary to become confident in this area.

The course consists of short, clear, and easy-to-understand theory, and explained examples. With this course, the learning process is just a piece of cake.

Just take a cup of tea or coffee and enjoy the journey!

• Introduction
• Management accounting - meaning
• Management accounting and financial accounting
• Costs and cost drivers
• Manufacturing and nonmanufacturing costs
• Product and period costs
• Direct and indirect costs
• Fixed and variable costs
• Fixed and variable costs - example
• First-in-first-out costing method
• Weighted avarage costing method
• Absorption costing
• Marginal costing
• Job order costing
• Job order costing - example
• Process costing
• Process costing - example
• Process costing - First-in-first-out
• Process costing - Weighted average
• Process costing and concept of equivalent units
• Process costing - normal loss
• Process costing - abnormal gain