Managerial Accounting
In this introduction, you will move from simply recording costs to mastering how financial information drives effective management decisions, gaining practical and strategic skills to analyze costs, plan and control budgets, evaluate performance, and make operational and strategic decisions that improve business results.
4 (10)
Language
English
Why Bakkah?
Money Guaranteed
Global Accreditation
Flexible Learning
About this Course
What to Expect From This Managerial Accounting Course?
By the end of the course, you will be able to:
- Understand the role of managerial accounting in internal decision-making.
- Classify, measure, and analyze costs for planning and control.
- Apply CVP and budgeting tools to improve profitability.
- Interpret and act on variance and performance reports.
- Support management with data-driven financial insights.
Who Should Enroll in this Managerial Accounting Course?
- Aspiring and current managers or supervisors seeking to improve their financial insight.
- Business professionals aiming to understand cost structures, budgeting, and performance evaluation.
- Entrepreneurs and small business owners who need to make informed operational and pricing decisions.
- Students or professionals preparing for certification exams such as CMA or CFA Level 1.
What are the acquired skills from this Managerial Accounting?
- Analyzing cost behavior to understand how expenses respond to changes in business activity.
- Preparing and managing budgets for planning and performance control.
- Applying variance analysis to evaluate efficiency and identify improvement opportunities.
- Using managerial data to support pricing, production, and investment decisions.
- Interpreting performance metrics such as ROI, residual income, and the Balanced Scorecard.
- Translating financial insights into strategic actions that enhance profitability and organizational effectiveness.
- Module 1: Introduction to Managerial Accounting
- Module 2: Cost Classification & Behavior
- Module 3: Cost Accounting Systems & Job Costing
- Module 4: Cost–Volume–Profit (CVP) Analysis
- Module 5: Budgeting & Variance Analysis
- Module 6: Decision Making & Performance Measurement
Learn your way, at your pace.
Get the skills you need with a flexible learning experience designed to fit your lifestyle.
Managerial Accounting - Self Study
Best for busy learners who need flexibility.
Course Inclusions
- Definition and purpose of managerial accounting
- Differences between financial and managerial accounting
- Role of managerial accountants in organizations
- Core functions: planning, controlling, and decision-making
- Types of managerial accounting information (cost, operational, and performance data)
- Use of cost information in managerial decisions
- Managerial accounting across business functions
- Ethical standards and professional responsibility in managerial accounting
- Classification of costs by function, traceability, and relevance
- Product costs vs. period costs
- Direct and indirect cost identification
- Cost behavior patterns: fixed, variable, and mixed
- Use of cost drivers in cost analysis
- Application of the High–Low Method to separate mixed costs
- Activity-based cost behavior (ABC concepts)
- Relevant vs. irrelevant costs for decision-making
- Use of cost behavior in budgeting, pricing, and performance analysis
- Purpose and structure of cost accounting systems
- Components of manufacturing costs (direct materials, direct labor, manufacturing overhead)
- Cost flow through inventory accounts (Raw Materials, WIP, Finished Goods, COGS)
- Job Order Costing vs. Process Costing Systems
- Use of job cost sheets to track production costs
- Predetermined overhead rates and overhead application
- Underapplied and overapplied overhead and end-of-period adjustments
- Process costing concepts for mass production
- Use of cost systems for pricing, profitability, and managerial control
- Purpose and assumptions of CVP analysis
- Contribution margin (per unit and ratio)
- Break-even point (units and sales dollars)
- Target profit and margin of safety calculations
- Multi-product CVP with weighted-average contribution margin
- Sensitivity (“what-if”) analysis for costs, prices, and volume
- Using CVP for managerial decision-making, pricing, and risk assessment
- Purpose and process of budgeting
- Types of budgets: master, flexible, operating, capital
- Preparing and interpreting master budgets (sales, production, cash, expenses)
- Flexible budgeting for varying activity levels
- Standard costing as a benchmark for materials, labor, and overhead
- Variance analysis: material, labor, and overhead variances (price, usage, efficiency, spending)
- Managerial use of variances for control, corrective action, and performance evaluation
- Role of managerial accounting in informed decision-making
- Relevant vs. irrelevant costs for financial decisions
- Short-term decisions: Make-or-buy, Special order, Sell or process further, Add or drop product line
- Capital budgeting techniques: Payback period, NPV, IRR
- Performance measurement: financial and non-financial indicators
- ROI, Residual Income (RI), and Balanced Scorecard (BSC) metrics
- Integrating accounting data with strategy for effective managerial decisions
Our Happy Clients Say
I have a busy job...
With a demanding job, I thought exam prep was impossible. But self-study learning fit into my life perfectly—I studied anytime, anywhere. It was clear, well-structured, and I passed the exam on my first try.
I needed real interaction...
I was looking for a learning experience where I could truly engage with. Live sessions gave me clarity, motivation, and real-time support. The trainer and group sessions kept me focused and made tough topics easier to digest
Staying on track was...
Starting was easy—but staying consistent wasn’t. The live schedule and trainer check-ins gave just the push I needed. I stayed on track and actually finished the course and got certified!
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