Responsibility Accounting & Performance Measurement
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Responsibility accounting & performance measures.
We will describe the concept of decentralization, how it applies to businesses, and the pros and cons of a more decentralized organization from a centralized one.
The course will cover general managerial accounting concepts necessary to study responsibility accounting, comparing and contrasting managerial accounting and financial accounting.
We will explain what a responsibility accounting system looks like and the benefits of a responsibility accounting system.
The course will discuss the categorization of costs between direct costs and indirect costs and why this categorization between direct and indirect is useful for reporting financial data by department.
We will describe the problems with allocating indirect costs to the proper departments and explain various methods for allocating indirect costs.
The course will describe what a departmental income statement is and how to create a departmental income statement.
We will explore what a forecasted departmental income statement is and put together a forecasted departmental income statement.
The course will discuss other performance measures like return on investment (ROI) and a balance scorecard.
We will also complete a comprehensive problem using preformatted Excel worksheets and step by step instructional videos.
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2 Managerial Accounting Overview -
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PDF - 10 Managerial Accounting Introduction
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10 Managerial Accounting Introduction
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PDF - 20 Cost Classifications
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20 Cost Classifications
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PDF - 30 Product Costs & Period Costs.
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30 Product Costs & Period Costs.ENCODING
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PDF - 40 Prime Costs & Conversion Costs
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40 Prime Costs & Conversion Costs
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PDF - 50 Manufacturer's Balance Sheet
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50 Manufacturer's Balance Sheet
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PDF - 60 Manufacturer's Income Statement
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60 Manufacturer's Income Statement
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PDF - 70 Manufacturing Activities Flow
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70 Manufacturing Activities Flow
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PDF - 80 Just In Time (JIT) Manufacturing
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80 Just In Time (JIT) Manufacturing
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Accounting Comic Break
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3 Responsibility Accounting System
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PDF - 160 Controllable vs. Uncontrollable Costs
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160 Controllable vs. Uncontrollable Costs
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PDF - 170 Responsibility Accounting System
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170 Responsibility Accounting System
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PDF - 172 Responsibility Accounting Performance Reports
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172 Responsibility Accounting Performance Reports
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Excel Download
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Worksheet - 172 Performance Report
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Multiple Choice Question 2
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Accounting Comic Break
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5 Indirect Expenses Allocation
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PDF - 190 Indirect Expenses Allocation
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190 Indirect Expenses Allocation
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PDF - 192 Indirect Expense Allocation
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192 Indirect Expense Allocation
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Excel Download
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Worksheet - 192 Indirect Expense Allocation
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PDF - 194 Allocation of Occupancy Costs
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194 Allocation of Occupancy Costs
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Excel Download
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Worksheet - 194 Allocation of Occupancy Costs
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Multiple Choice Question 4
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Accounting Comic Break
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6 Departmental Income Statements
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PDF - 200 Departmental Income Statement Steps
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200 Departmental Income Statement Steps
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PDF - 210 Example - Departmental Income Statement Steps
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210 Example - Departmental Income Statement Steps
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Excel Download
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Worksheet - 211 Cost Allocations on a Sales Value Basis
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Multiple Choice Question 5
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Accounting Comic Break
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8 Return on Investment (ROI)
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PDF - 220 Investment Center Return On Investment (ROI)
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220 Investment Center Return On Investment (ROI)
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Excel Download
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Worksheet - 220 Investment Center Return On Investment (ROI)
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Multiple Choice Question 7
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Multiple Choice Question 8
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Short Calculation 1
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Accounting Comic Break
