Cost And Managerial Accounting - Part 1

What you'll learn
The difference between financial and managerial accounting
The difference between costs and expenses
The various classifications of costs
Cost behavior and the determination of variable versus fixed costs
How to estimate costs at expected future levels
How to decide between making or buying parts (outsourcing)
Cost-Volume-Profit Analysis
Porter's Five Forces
The difference between Marginal and Average Costs
Activity Based Costing
How to determine the break even point
How to perform differential cost analysis
The difference between Absorption vs Variable Costing
The difference between Job Order and Process Costing
The Difference Between Product and Period Costs
How to Decide Between Selling or Processing Further
How to Decide Whether To Accept a Special Order
Requirements
The only requirement for this course is a desire to learn more about accounting. No specific software or textbooks are required.
Description
Accounting often referred to as the "language of business." Whether you are going into management or actually going to be an accountant, you need to be familiar with the basics of accounting. This includes understanding the concepts of debits and credits, assets and liabilities, revenues and expenses, dividends and equity. From an investor's perspective, the business results are communicated through the financial statements, including the income statement, statement of owner's equity, balance sheet and statement of cash flow. These are all discussed in this course!
This course is for those students who have not had much (or any) experience in accounting and are looking to enhance their understanding of it, to either help pass a...

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