How a job order costing system works and what type of business would use it
How a process costing system works and what type of business would use it
Cost volume profit analysis (CVP) and how CVP tools can be used to make business decisions rationally
How to construct a master budget
How to construct a flexible budget and use it to make rational decissions
How to use responsibility accounting to hold different areas of a business accountable in a rational way
Relevant cost analysis as a took to make rational business decissions
Time value of money techniques to help make decision about long term projects
Comprehensive managerial and cost accounting course. Topics include:
· Job order costing
· Process costing
· Cost volume profit analysis
· Master Budgets
· Flexible Budgets
· Responsibility accounting
· Relevant costs
· Time value of money
This course will go into detail about each topic. We will include”
· Practice Excel files with both an answer tab and a practice tab
· Lecture PDF files that can be downloaded and reviewed without internet access
Managerial accounting skills are critical skills necessary for successfully running a business because they provide tools to make rational business decisions.
Part 1 Cost Classifications
Part 1 - Manufacturer’s Financial Statements
Part 1 - Cost Flows for a Manufacturing Company
Part 1 - Job Cost vs Process Cost System
Part 1 - Cost Flows for a Job Cost System
Part 2 - Job Cost Documents and Forms
Part 2 - Overhead Costs & Allocation
Part 2 - Finished Jobs and Sales Journal Entries
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23Overhead Costs & Allocation
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24140 Overhead Costs
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25Worksheet - 140 Overhead Costs
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26150 Overhead Allocation Predetermined Overhead Rate
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27Worksheet - 150 Overhead Allocation
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28160 Overhead Under Applied Over Applied
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29Worksheet - 160 Under & Over applied Overhead
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3020 Multiple Choice Questions – Job Cost System
Part 2 - Job Cost System Summary
Part 2 Key Terms & Definitions
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38Job Cost System Summary
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39190 Cost Flow General Ledger
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40300 Job cost system Part 1
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41305 Job cost system Part 2
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42Worksheet - 300 Accounting instructions-Job cost problem part 1
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43Worksheet - 300 Accounting instructions-Job cost problem part 2
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44300 Accounting instructions-Job cost problem part 3
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45300.4 Accounting instructions-Job cost problem part 4
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4640 Multiple Choice Questions – Job Cost System
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47Short Calculation Questions
Part 3 Process Cost System Overview Using FIFO Method
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48Key Term & Definitions
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49Conversion Costs Definition - What are Conversion Costs%3F
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50Cost of Goods Manufactured Definition - What is Cost of Good
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51Direct Costs Definition - What are Direct Costs%3F
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52Direct Labor Costs Definition - What are Direct Labor Costs%3F
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53Direct Materials Cost Definition - What are Direct Materials
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54Factory Overhead Definition - What is factory overhead
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55Finished Goods Inventory - What is Finished Goods Inventory%3F
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56Job Definition - What is Job in A Job Cost System%3F
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57Job Order Costing System Definition - What is Job Order Cost
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58Jobs Cost Sheet definition - What are Job Cost Sheets
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59Manufacturing Overhead Definition What is Manufacturing Ov
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60Materials Ledger Card Definition - What is Materials Ledger
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61Materials Requisition Definition - What is Materials Requisi
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62Net Cost of Goods Manufactured definition - What is Cost of Goods Manuf
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63Purchase Order Definition - What is Purchase Order%3F (1)
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64Time Ticket Definition - What is Time Ticket%3F
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65Work in Process Inventory Definition What is work if proce
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6650 Multiple Choice Questions – Job Cost System
Part 3 - Flow of Materials, Labor, & Overhead Cost Through Inventory Accounts
Part 3 - Cost Per Equivalent Units – and Assigning Costs Weighted Average Method
Part 3 - Overhead Costs & Allocation
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75Cost Per Equivalent Units – and Assigning Costs Weighted Average Method
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76110 Methods to Calculate Ending WIP and Units Completed
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77115 Equivalent Units of Production Weighted Average Method
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78Worksheet - 115 Equivalent Units of Production Weighted Average Method
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79120 Cost Per Equivalent Unit Calculation Weighted Average Method
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80Worksheet - 120 Cost Per Equivalent Unit Calculation Weighted Average Method
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81125 Assign Costs to Units Weighted Average Method
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82Worksheet - 125 Assign Costs to Units Weighted Average Method
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83Multiple Choice Questions 3
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84Short Calculation Questions
You can view and review the lecture materials indefinitely, like an on-demand channel.
Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don't have an internet connection, some instructors also let their students download course lectures. That's up to the instructor though, so make sure you get on their good side!