Course

Managerial Accounting: Cost Behaviors, Systems, and Analysis

University of Illinois at Urbana-Champaign

In the Managerial Accounting: Cost Behaviors, Systems, and Analysis course, you will delve into the practical application of accounting to drive informed decision-making. Through this comprehensive and engaging learning experience, you will:

  • Understand the significance of managerial accounting in successful businesses
  • Explore the limitations of financial accounting for internal decision-making
  • Organize cost information to suit organizational decision-making needs
  • Apply activity-based costing (ABC) and recognize its relevance in various scenarios
  • Address "what-if" questions using cost-volume-profit (CVP) analysis

By the end of this course, you will be equipped with the knowledge and skills necessary to leverage accounting information for better internal processes and value creation.

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Managerial Accounting: Cost Behaviors, Systems, and Analysis
Course Modules

Master the fundamentals of managerial accounting through four comprehensive modules. Gain insights into cost behaviors, systems, and analysis, and learn to apply these principles to drive informed decision-making and value creation.

Course Overview and Introduction to Managerial Accounting

Module 1 provides a comprehensive overview and introduction to managerial accounting. You will learn about the differences between financial and managerial accounting, contemporary issues, cost frameworks, and more. This module sets the foundation for understanding the importance of managerial accounting in decision-making processes.

Costing Systems I - Elements and Design

Module 2 focuses on costing systems, specifically elements and design. Delve into the flow of costs through financial statements, traditional systems, and the impact of overhead costs. This module equips you with a deep understanding of how costing systems function and their significance in organizational decision-making.

Costing Systems II - Activity-Based Costing

Module 3 explores activity-based costing (ABC) in detail. Learn about the fundamental components, organization, steps to implementation, and other considerations. Through practical examples and quizzes, you will gain hands-on experience in applying ABC to real-world scenarios.

Cost-Volume-Profit (CVP) Analysis

Module 4 delves into cost-volume-profit (CVP) analysis, providing insights into its application in various scenarios. You will learn about CVP analysis introduction, multiple product scenarios, and quantitative analysis. This module equips you with the skills to address "what-if" questions using CVP analysis effectively.

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