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.
Managerial Accounting Overview
Responsibility Accounting System
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82 Managerial Accounting Overview
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9PDF - 10 Managerial Accounting Introduction
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1010 Managerial Accounting Introduction
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11PDF - 20 Cost Classifications
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1220 Cost Classifications
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13PDF - 30 Product Costs & Period Costs.
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1430 Product Costs & Period Costs.ENCODING
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15PDF - 40 Prime Costs & Conversion Costs
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1640 Prime Costs & Conversion Costs
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17PDF - 50 Manufacturer's Balance Sheet
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1850 Manufacturer's Balance Sheet
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19PDF - 60 Manufacturer's Income Statement
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2060 Manufacturer's Income Statement
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21PDF - 70 Manufacturing Activities Flow
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2270 Manufacturing Activities Flow
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23PDF - 80 Just In Time (JIT) Manufacturing
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2480 Just In Time (JIT) Manufacturing
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25Accounting Comic Break
Direct and Indirect Expenses
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263 Responsibility Accounting System
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27PDF - 160 Controllable vs. Uncontrollable Costs
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28160 Controllable vs. Uncontrollable Costs
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29PDF - 170 Responsibility Accounting System
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30170 Responsibility Accounting System
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31PDF - 172 Responsibility Accounting Performance Reports
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32172 Responsibility Accounting Performance Reports
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33Excel Download
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34Worksheet - 172 Performance Report
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35Multiple Choice Question 2
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36Accounting Comic Break
Indirect Expenses Allocation
Departmental Income Statements
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425 Indirect Expenses Allocation
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43PDF - 190 Indirect Expenses Allocation
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44190 Indirect Expenses Allocation
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45PDF - 192 Indirect Expense Allocation
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46192 Indirect Expense Allocation
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47Excel Download
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48Worksheet - 192 Indirect Expense Allocation
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49PDF - 194 Allocation of Occupancy Costs
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50194 Allocation of Occupancy Costs
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51Excel Download
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52Worksheet - 194 Allocation of Occupancy Costs
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53Multiple Choice Question 4
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54Accounting Comic Break
Forecasted Departmental Income Statement
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556 Departmental Income Statements
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56PDF - 200 Departmental Income Statement Steps
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57200 Departmental Income Statement Steps
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58PDF - 210 Example - Departmental Income Statement Steps
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59210 Example - Departmental Income Statement Steps
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60Excel Download
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61Worksheet - 211 Cost Allocations on a Sales Value Basis
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62Multiple Choice Question 5
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63Accounting Comic Break
Return on Investment (ROI)
Balance Scorecard
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718 Return on Investment (ROI)
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72PDF - 220 Investment Center Return On Investment (ROI)
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73220 Investment Center Return On Investment (ROI)
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74Excel Download
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75Worksheet - 220 Investment Center Return On Investment (ROI)
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76Multiple Choice Question 7
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77Multiple Choice Question 8
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78Short Calculation 1
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79Accounting Comic Break