Managerial Accounting Fundamentals

This course, developed at the Darden School of Business at the University of Virginia and taught by top-ranked faculty, will teach you the fundamentals of managerial accounting including how to navigate the financial and related information managers need to help them make decisions. You’ll learn about cost behavior and cost allocation systems, how to conduct cost-volume-profit analysis, and how to determine if costs and benefits are relevant to your decisions. By the end of this course, you will be able to:

• Describe different types of costs and how they are represented graphically
• Conduct cost-volume-profit analyses to answer questions around breaking even and generating profit
• Calculate and allocate overhead rates within both traditional and activity-based cost allocation systems
• Distinguish costs and benefits that are relevant from those that are irrelevant for a given management decision
• Determine a reasonable course of action, given the financial impact, for a given management decision

• Different types of costs and how they are represented graphically

• Cost-volume-profit analyses to answer questions around breaking even and generating profit

• How to calculate and allocate overhead rates within both traditional and activity-based cost allocation systems

• How to distinguish costs and benefits that are relevant from those that are irrelevant for a given management decision

Syllabus

Syllabus - What you will learn from this course
Week 1
MANAGERIAL ACCOUNTING AND COST BEHAVIOR
Week 2
COST-VOLUME-PROFIT ANALYSIS
Week 3
COST ALLOCATION
Week 4
RELEVANT COSTS AND BENEFITS

FAQ

When will I have access to the lectures and assignments?

Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:

What will I get if I purchase the Certificate?

When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

Is financial aid available?

Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

Reviews

I didn't receive Honors recognition although I completed all the requirements for this except it's pending from your side. Thanking you in anticipation of positive response.

The course was easy and fun at first but it got tougher as Lynn went forward. She is a pleasant educator.

Excellent course, this should be a must for all project managers in order to properly communicate with CEO and CFO!

Very interesting and would love to learn more , the time was not enough for me but I could understand very well.