Upon successful completion of the course, students will be able to: differentiate the components and purposes of various costing methods, techniques, and formulas including cost accounting, job-order costing systems, process costing, and variable and activity-based costing; use cost accounting formulas, such as those used to calculate the break-even point, target net income, gross profit margin, and contribution margin; assess how different industries use activity-based costing methods to determine the costs of various products or services; breakdown the purpose and components of the master budget; dissect the process of CVP analysis to determine the relationship between company costs, revenue and sales volume; summarize effective techniques for estimations and planning, such as using employ regression analysis to achieve project cost goals; analyze various aspects of cost accounting in inventory, such as inventory accounts, goods and inventory statements, and methods of inventory cost calculations; and evaluate modern trends in managerial accounting and their effects on business strategy, such as how and why predictive accounting has risen in popularity. Instruction is delivered through online video and text lessons.
Topics include: cost classifications in accounting; costing methods and techniques; formulas for cost accounting; standard costs in accounting; job order cost system in accounting; activity-based costing overview; product and service costing; budgetary process; cost behavior analysis; cost-volume-profit analysis overview; cost estimation; service department and joint cost allocation; cost accounting for decision making; ethics in cost accounting; and modern trends in accounting.
Major topics include: overview of managerial accounting; internal controls in accounting; cost types; cost behavior analysis and cost volume profit; job-order costing and process costing; basics of activity-based costing; budgeting and standard costs; reporting systems and structures in accounting; short and long-term decision-making in accounting; and basics of financial statement analysis.
Students can watch the lessons on their own schedule and transfer their credit recommendations to thousands of colleges and universities.
offers general education courses commonly taken in the first two years of college as well as professional development and continuing education courses.
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Major topics include: introduction to accounting; financial statements; mechanics of the accounting cycle; adjusting accounts and preparing financial statements; internal controls; merchandising operations and inventory; receivables; completing the operating cycle; long-term assets; current and long-term liabilities; reporting and analyzing equity; statement of cash flows; and financial statement analysis and interpretation.
Upon successful completion of the course, students will be able to: define and compare managerial accounting functions, processes and responsibilities; distinguish between cash management, auditing, and financial reporting methods; understand and define cost classifications and formulas, and calculate cost and profit analyses; evaluate cash flow, income statements, inventory and costing systems; describe the activity-based costing process; identify and distinguish between the components of budgets and standard cost evaluations; examine accounting reporting tools and reporting responsibilities; learn how to calculate, analyze and make decisions regarding costs, investments, budgeting, spending and cash flow; explain how financial statements, income statement, balance sheets and cash flow statements are prepared and used; and interpret and analyze various types of financial statements.
Upon successful completion of the course, students will be able to: compare types of businesses such as partnerships, corporations, and others; breakdown major accounting principles, such as the accounting cycle; apply the accounting equation and evaluate return on equity; compile balance sheets, income statements, and statements of cash flows; analyze financial documentation; evaluate methods for calculating inventory; appraise corporate accounting practices; differentiate adjusted and closing trial balances and more; and illustrate how businesses use rations to create financial forecasts.
Major topics include: business ownership types; key accounting concepts; journals and ledgers in accounting; accounting equations and formulas; financial statements, balance sheets and income statements; analyzing financial statements; financial statement ratios; accounting for inventory; accounting for deprecation; accounting for compensation, taxes and liabilities; adjustments and closing entries; corporate accounting; departmentalized accounting; taxation for corporations; and business and financial forecasting.
Methods of instruction include audiovisual materials and case studies.
Major topics include: corporate governance for managerial accounting; cost classifications; manufacturing overhead cost allocation; job order cost system; process cost system; activity-based costing; cost-volume-profit analysis; decision making in managerial accounting; pricing objectives and methods; budgeting; budgetary control; standard costs; capital budgeting; statement of cash flows; and financial statement analysis.
The course is self-paced, and instruction is delivered through online video and text lessons.