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

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

( 67 Reviews )

Created by: David Burrell, BComm

Produced in 2018

What you will learn

Understand 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)
Use Variance Analysis to Determine Labor and Material Variances.
Create Cash Budgets.
Prepare Production Reports

Quality Score

Content Quality

Video Quality

Qualified Instructor

Course Pace

Course Depth & Coverage

Overall Score : 88 / 100

Course Description

Welcome to the Management Accounting Crash Course, which will provide you with46 video lessons that span over 7hours 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'sthe follow up course to Financial Accounting, that can prove to be more difficult for students. We designed thecourse 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 BehaviorThe Design of Cost FunctionsFixed Costs, Variable Costs and Mixed CostsBreak-Even AnalysisHandling Direct and Indirect CostsThe second part will cover:
Process Costing, and Production Reports using Weighted Average and FIFO.
Activity-Based Costing for Overhead CostsPreparingCash BudgetsVariance AnalysisSupport Departments:
Direct, Step-Down and Reciprocal MethodAnd much more!
HERE'S WHAT SOME STUDENTS OF HAVETOLDMEABOUTMYCOURSE:"I fully attribute me passing the BEC portion of the CPA exam fromyour 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 forbeing introduced to Fundamentals of Management Accounting. Dave does a good job at explaining concepts filled in with examples." -Imran S.
Who this course is for:
University StudentsCollege StudentsCPA StudentsMBA StudentsBookkeepersAccountantsManagers

Time: 7.5h

Instructor Details

David Burrell, BComm

4.4 Rating
67 Reviews

Iworked on myBachelor of Commerce, majoring in Accounting and Finance at Ryerson Universityand 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 CPAwebsites and continuing education websites like TVO's, Independent Learning Center.

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

During the summer Itook some time to go back and re-read everythingfrom the beginning. Ifocused on the fundamentals specifically, because everything youlearn 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 onlyprovide lectureson the subject, but also provide a deep understanding of the material.
Accounting and finance has not only influenced my professional life but also my personal life. Decisions are made on a daily basis.Ibelieve that a strong education in Accounting and Finance equips us with the know how t