UdemyFinance & AccountingPaid courseAll LevelsCertificate

Cost Accounting: Introduction to Management Accounting (Udemy.com)

Learn Cost Accounting for Management. Includes Process Costing, ABC Systems, Variance Analysis, Cash Budgets and more.

4.6

1,652 reviews

Created by: David Burrell

Last updated November 2021

What you will learn

Understand Cost Behaviors, Cost Drivers and Cost Driver Activity
Define Fixed and Variable Costs and Create Cost Functions
Use Regression Analysis using the Least Squares Method
Apply Activity Based Costing to Product Costs
Allocate Support Department Costs using the Direct, Step-Down and Reciprocal Method
Apply Cost-Volume-Profit Analysis (Break-Even Points)
Describe variance analysis, differentiate between price and usage variances, and calculate price and usage variances for costs
Prepare Cash Budgets
Prepare Production Reports for a Process Costing System

How it compares

Against the other 376 rated Udemy courses in Finance & Accounting on CourseDuck:

Rating4.6 out of 5higher than 68% of them
Reviews1,652#82 of 377 by number of reviews
Length7.3 hourslonger than 64% of them
Last updatedNovember 2021earlier than 83% of them

Course Description

Welcome to the Management Accounting Crash Course, which will provide you with 46 video lessons that span over 7 hours of content (including quizzes to help test your knowledge). Follow along as I explain the basics and fundamental concepts like cost drivers, the cost function, break-even points, journal entries, joint costing, budgets and more!

Managerial Accounting is the study of internal financial information that can influence decision-making. It's the follow up course to Financial Accounting, that can prove to be more difficult for students. We designed the course to act as a perfect supplement for those taking Managerial/Management Accounting in University or College. We'll walk you through the theory, providing examples and questions that will keep you engaged.

The first part of the course will cover:

Cost Measurement and Cost Behavior
The Design of Cost Functions
Fixed Costs, Variable Costs and Mixed Costs
Break-Even Analysis
Handling Direct and Indirect Costs

The second part will cover:

Process Costing, and Production Reports using Weighted Average and FIFO.
Activity-Based Costing for Overhead Costs
Preparing Cash Budgets
Variance Analysis
Support Departments: Direct, Step-Down and Reciprocal Method
And much more!

HERE'S WHAT SOME STUDENTS OF HAVE TOLD ME ABOUT MY COURSE:

"I fully attribute me passing the BEC portion of the CPA exam from your videos. Without your easy to learn managerial accounting tutorials, I would never have understood the concepts. I especially thought your videos on variance analysis were exceptional. Thank you so much for everything!" - Spencer S.

"Hi, I just wanted to say thank you for posting such great videos on YouTube. I believe that they were the reason I just passed my very difficult accounting exam! They were very easy to watch and easy to follow. I appreciate your work!" - Alana M.

"This guy has the best Mgmt Accounting tutorial videos. He understands the concepts and can explain them in the easiest and most engaging way. Thank you." - Karen K.

"Great Course for being introduced to Fundamentals of Management Accounting. Dave does a good job at explaining concepts filled in with examples." - Imran S.

All Levels

Time: 7.3h

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Instructor Details

David Burrell

4.6 Rating
1,652 Reviews

I worked on my Bachelor of Commerce, majoring in Accounting and Finance at Ryerson University and am currently working towards my CPA. I've run Notepirate (an accounting and finance website) for 5 years and have worked as an Accounting and Finance educator for 6 years. My videos have been used by countless CPA websites and continuing education websites like TVO's, Independent Learning Center.

Growing up in Toronto (Canada) I started my Accounting education in high school at North Toronto Collegiate. Like many of you, I struggled to master the fundamentals of Accounting which eventually lead to me being frustrated and confused. I understand this feeling (that you might be having) much too well.

During the summer I took some time to go back and re-read everything from the beginning. I focused on the fundamentals specifically, because everything you learn in Accounting is derived from them. This provided a strong foundation for me to teach Accounting because of my original confusion with the subject but also my subsequent clarity of the subject.

When I explain concepts, you're going to see that I not only provide lectures on the subject, but also provide a deep understanding of the material.