Managerial (Cost) Accounting For Beginners (Udemy.com)

Management accounting for managers and students. Learn managerial and cost accounting. #1 accounting course online.

Created by: Stefan Ignatovski, Ph.D.

Produced in 2018

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What you will learn

  • The best managerial accounting course out there
  • Get ready for part of the Business Environment and Concepts (BEC) on the CPA exam
  • Identify and explain the types and flows of manufacturing and non-manufacturing costs
  • Apply overhead cost using a job-order costing system
  • Apply overhead cost using a activity-based costing system
  • Apply overhead cost using a process costing system
  • Prepare a master budget
  • Prepare a flexible budget
  • Understand and apply standard costs
  • Analyze variances and take appropriate actions
  • Calculate and analyze Return on Investment (ROI)
  • Calculate and analyze Residual income
  • Construct, use and evaluate a Balanced Scorecard
  • Time value of money
  • Calculate and apply Net Present Value (NPV) and Payback Method
  • Evaluate various investments
  • Evaluate prospective projects

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Quality Score

Content Quality
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Video Quality
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Qualified Instructor
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Course Pace
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Course Depth & Coverage
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Overall Score : 86 / 100

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Course Description

Learn everything about Managerial Accounting in about 4 hours.

What are my students saying:

"I wish I would've found this course before I started failing accounting. Glass half full: at least I'm learning."

"This is fantastic. I was having trouble understanding my book and this video course is making more sense."

"Very helpful. It helped me learn cost accounting to get to advanced level."

"The quality of this course is amazing. Itis practical and also very good for grasping the accounting flows."

"It is quite a nice course. Videos are short and very descriptive. For every topic there is a short video that explains the concepts, and afterwards there are detailed videos with problem solving. I feel I have such a good understanding of the subject now. Thanks!"

"This is a lot easier to understand than other accounting courses I had seen so far. The professor doesn't use jargons making it easier for students like to understand it with ease."

"This is more lively than my managerial class and teacher. I am getting more from this course!"

"I am taking accounting for the first time and I am really having a hard time. This course made it so easy though. The quizzes are very practical too and I think I can use it more in the future. Very friendly course."

The most popular topics covered:

Job Order CostingProcess Costing (Equivalent units of production)Activity Based CostingBreak EvenMargin of SafetyHigh Low MethodVariable CostingAbsorption CostingBudgetingStandard CostsResidual IncomeRelevant CostsTime Value of MoneyNet Present ValueInternal Rate of Return (IRR)

More about this course:

I believe that you should not fall asleep when learning something new. You need to be encouraged and excited instead. In order to be excited about learning, you need to understand easily. If you struggle to understand, of course you will fall asleep. I have implemented a new way of teaching. Animated videos which are easy to understand. Problem solving videos that teach you how to apply what you have learned. Learning has never been so exciting.

In this course you will find great tools used in business that will aid the decision-making process. You will be able to identify and use important accounting information, identify and analyze various alternatives (projects, investments), and choose the best.

In this course you will find everything explained with a video lecture. There are 2 types of video lectures. The first type is an animated (cartoon) video that breaks down the most difficult concepts used in business. The second type is a problem solving shared screen that will help you with the calculations and analysis, as well as your thinking process.

Depending on your commitment, this course can take you somewhere from a week to few weeks to complete. The curriculum is designed as such, so that you will retain the information you will receive.

Whether you are a business owner, manager, or a student, you will need this course. This course will provide you with great tools that will make your decisions much more informative and calculated. Who this course is for:
Small business ownersCPA Candidates (BEC Section)CMA CandidatesManagersAccountantsStudentsBookkeepersAnyone interested

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Instructor Details

Stefan Ignatovski, Ph.D.

An Accounting Professor, Investor and Entrepreneur who teaches at multiple colleges in the US, including University of Washington. Stefan has also established multiple companies and invested in multiple start-up companies. Additionally, he isthe author of the book "What College Didn't Teach You!". His area of expertiseis concentrated in Accounting Forensics, which focuses on financial fraud, creative accounting, and anti-money laundering.

In every course Stefan makes, you will find the difference in teaching. He has hisown way of creating interesting videos (less than 5 minutes, of course) in which you will find everything you need to know about a specific topic. The DIFFERENCE is that hisvideos are fun to watch and will give you the desired "Aha!" moment. You will never forget the information, since each one is very descriptive. Visit the twitter profile for interesting updates.
Stefan'sclasses are very dynamic and make you eager to learn.

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Reviews

4.3

173 total reviews

5 star 4 star 3 star 2 star 1 star
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By Yathish on 12/20/2020

It is good

By Ilya M Zhitomirskiy on 12/20/2020

Stefan uses realistic examples that make his concepts understandable in real-world situations. I also like how Stefan uses visuals to illustrate his concepts.

By Johnson Emmanuel on 12/20/2020

Awesome class

By Aerin Wang on 12/6/2020

I liked the videos that go through the live examples and also videos that have explanations. However, the videos without voices explaining them could be better. Need more videos that go more in depth and they also need further explanations. More examples would be great. A lot of questions on the quizzes are missing the graphs/charts required for answering the questions. Would also like the answers to the practice and quizzes.

By Minh Huu H Do on 11/23/2020

Direct labour is not a liability account, it is an expense. If you not pay the salary, it is a liability. and it is the same nature with OH.

By Renju Joseph on 11/13/2020

GREAT

By Emmanuel Yakubu Ikani on 11/12/2020

very interesting. simple to understand. The use of pictorial and flow charts have simplified the learning and understanding.

By Daleen Adams on 11/10/2020

So far I. Learning interesting stuff

By Abednego Tlabyane on 11/5/2020

He introduces the concepts very early on to make a strong foundation then we RIDE.

By Danilo Pignotti on 10/18/2020

Bit too short the activity based cost. Not clear enough what is considered estimated activity and how is calculated. Estimated activity only for overhead cost?

By Jason A Del Rosario on 10/5/2020

nice

By Anonymized User on 10/4/2020

Some topics could be presented faster :) Generally the course was complex, a lot of examples and practical cases.