Managerial and Cost Accounting

What this subject covers

Lesson topics

1. What Is Managerial Accounting? Purpose and Focus
2. Cost Classification: Understanding Different Types of Cost
3. Product Costs vs Period Costs
4. Cost Behaviour: How Costs Respond to Changes in Activity
5. Job Order Costing: Tracking Costs for Distinct Jobs
6. Process Costing: Tracking Costs for Continuous Production
7. Activity-Based Costing (ABC): A More Precise Approach
8. Cost-Volume-Profit (CVP) Analysis
9. Break-Even Analysis in Practice
10. Standard Costing and Variance Analysis
11. Budgeting as a Managerial Accounting Tool
12. Relevant Costs for Decision-Making
13. Make-or-Buy Decisions
14. Special Order Decisions and Pricing
15. Segment Profitability and Discontinuing a Product Line
16. Transfer Pricing Between Business Units
17. Responsibility Accounting and Performance Measurement
18. Key Performance Indicators (KPIs) in Managerial Accounting
19. The Balanced Scorecard: Beyond Purely Financial Measures
20. Cost Reduction and Cost Management Strategies
21. Lean Accounting and Just-in-Time Concepts
22. Quality Costs: The Cost of Conformance and Non-Conformance
23. Ethics in Managerial Accounting
24. Careers and Roles in Managerial and Cost Accounting
25. Bringing It Together: Managerial Accounting as a Decision-Support Discipline