Cost Accounting: Introduction to Management Accounting

Course Curriculum

Chapter 1: Managerial Accounting Introduction

Lecture 1: What is Managerial Accounting

Lecture 2: Managerial (Cost) Accounting Glossary

Chapter 2: Types of Costs, Cost Drivers and The Relevant Range

Lecture 1: Cost Drivers

Lecture 2: Fixed and Variable Costs

Lecture 3: Variable vs Fixed Costs

Lecture 4: The Relevant Range

Lecture 5: Mixed Costs

Chapter 3: The Cost Function Series

Lecture 1: The Cost Function

Lecture 2: Slope and The Cost Function

Lecture 3: The High-Low Activity Method

Lecture 4: Regression Analysis: Least Squares Regression Method

Lecture 5: Interpreting Regression Output for the Cost Function

Chapter 4: Break-Even Points (Cost-Volume Profit Analysis)

Lecture 1: Break-Even Points and Cost-Volume-Profit Analysis

Lecture 2: Solve Break Even Points Using Algebra

Lecture 3: The Contribution Margin and Break Even Points

Lecture 4: The Contribution Margin vs. The Gross Margin

Lecture 5: What is the Margin of Safety?

Lecture 6: Calculate the Break Even Point for a Sales Mix

Lecture 7: How Profit and Tax Affects Break-Even Points

Lecture 8: What is Financial Leverage or Leveraging

Lecture 9: Operating Leverage and Profit

Lecture 10: The Degree of Operating Leverage

Chapter 5: Job-Costing and Direct vs Indirect Costs

Lecture 1: Direct vs Indirect Costs: Example using Portal Guns!

Lecture 2: Manufacturing Costs and Product and Period Costs

Lecture 3: Raw Materials, Work in Process, and Finished Goods Inventory

Lecture 4: Prepare a Cost of Goods Manufactured Statement

Lecture 5: Journal Entries for Job-Order Costing

Lecture 6: Predetermined Overhead Rate and Overhead Applied

Lecture 7: Prorating and Writing Off Under/Over Applied Overhead

Chapter 6: Process Costing

Lecture 1: Job Order Costing vs Process Costing

Lecture 2: Overview of a Production Report for Process Costing

Lecture 3: Production Report for Weighted Average Method in Excel

Lecture 4: Production Report using the FIFO Method in Excel

Chapter 7: Activity-Based Costing Systems

Lecture 1: Activity Based Costing Systems

Lecture 2: Activity Based Costing Quiz Explanations

Chapter 8: The Absorption and Contribution Approach

Lecture 1: The Absorption and Contribution Approach for Income Statements

Lecture 2: Absorption vs Contribution Approach Part 2

Chapter 9: Support Costs and Joint Cost Allocation

Lecture 1: What are Support Departments?

Lecture 2: Support Cost Allocation Using the Direct Method

Lecture 3: Support Cost Allocation using the Step Down Method

Lecture 4: Support Cost Allocation Using the Reciprocal Method

Lecture 5: Joint Cost Allocation using the Physical Units Method

Lecture 6: Joint Cost Allocation using the Relative Sales Value Method

Lecture 7: Joint Costs Allocation using the Net Realizable Value Method

Chapter 10: Master Budgets and Cash Budgets

Lecture 1: The Master Budget

Lecture 2: The Cash Budget Part 1: Sales and Collections Budget

Lecture 3: The Cash Budget Part 2: Inventory Purchases Budget

Lecture 4: The Cash Budget Part 3: Operating Expenses Budget

Lecture 5: The Cash Budget Part 4: Financing Shortfalls and Interest

Chapter 11: Variance Analysis

Lecture 1: Variance Analysis: Master (Static), Flexible and Actual Budgets

Lecture 2: Variance Analysis: Calculate Price and Usage Variances

Lecture 3: Variance Analysis: Actual Price and Standard Quantities