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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.

Last updated June 2023

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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

How it compares

Against the other 200 rated Udemy courses in Accounting on CourseDuck:

  • Rating4.5 out of 5higher than 49% of them
  • Reviews7,381#9 of 201 by number of reviews
  • Length7.5 hourslonger than 52% of them
  • Last updatedJune 2023more recently than 51% of them

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Course Description

  • Learn everything about Managerial Accounting easy and fast.

  • Learn from the expert.


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. It is 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 Costing

  • Process Costing (Equivalent units of production)

  • Activity Based Costing

  • Break Even

  • Margin of Safety

  • High Low Method

  • Variable Costing

  • Absorption Costing

  • Budgeting

  • Standard Costs

  • Residual Income

  • Relevant Costs

  • Time Value of Money

  • Net Present Value

  • Internal 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. 

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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 is the author of the books "Financial Accounting" and "What College Didn't Teach You!". His area of expertise is 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 his own 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 his videos are fun to watch and will give you the desired "Aha!" moment. You will never forget the information, since each one is very descriptive.

Stefan's classes are very dynamic and make you eager to learn.

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Reviews

4.5

7,381 ratings on Udemy

Select a bar to show only those reviews.Select the bar again to show every rating.

By Ashish Verma on 7/9/2026

xcellent course! The concepts are explained clearly and in a very structured way. The examples and practice questions make it easy to understand topics such as activity-based costing, variable costing, absorption costing, and cost allocation. The instructor breaks down complex accounting concepts into simple steps, which makes learning much easier. This course has been very helpful for strengthening my managerial accounting knowledge and improving my confidence in solving problems. Highly recommended for students and professionals preparing for exams or wanting a practical understanding of cost accounting.

By Jessa Gepiga on 7/7/2026

The course is really helpful to refresh my learning in Managerial accounting, tho there were a part of the quizzes where lack of supplemental info so I can't solve

By Yvonne Garakara on 7/6/2026

Yes, l enjoyed every part of the learning, and this was really equipped for my day to day work.

By Diana Ramirez on 6/7/2026

I'm actually a spanish native, I mean, my native language is spanish so, even though I already know the basics of costs flow because I am an accountant, I feel so exiting about learning all from scratch with this course, but in english. At the half of the course I can say that I really like this way to learn. Is step by step and you can also ask any question that you have to the AI assistant and it answers properly. I'm exited to keep learning.

By Anonymized User on 5/14/2026

The course was very good. The only reason I gave four stars was that when it did the quizzes, the pictures that have the problems were unavailable on both mobile and computer.

By Venkata Nandam on 3/9/2026

Provided good understanding cost accounting. Some technical challenges like facing issue at the time of in between assessments where few images are not able to see. So made me to skip those questions.

By Angas Mlombile on 2/7/2026

The experience I got here is that it consolidated the information I had before and showing the importance of costing in business and how businesses can use the costing system to minimize costs and maximise profits.

By Rocio Aguilar on 12/4/2025

This course is very interesting to learn about the process and different things about finance

By Lokesh M on 11/13/2025

Their skillsets are very different but they are closely interconnected and therefore complement each other.

By Tom Rogers on 11/11/2025

some issues with quiz questions around sections 6-9. One question didn't have answers populated ("option A", "option b", ...) and several questions didn't show the graphic tables with the necessary information. I was forced to sequentially select options until the correct was revealed to progress the course - not value added.

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.

Showing 12 of 183 reviews

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Overall Score : 90 / 100