Free online courseManagement - Managerial Accounting

Course Description

The course "Management - Managerial Accounting" delves deeply into the intricate world of managerial accounting over a span of 34 hours and 20 minutes. Encompassing a broad range of subjects, this comprehensive course is part of the Business Administration category, nestled specifically within the Management subcategory. The course has garnered an impressive average rating of 4.62 out of 5 stars, indicating the high level of satisfaction among participants.

Beginning with an "Introduction to Management Accounting," the course sets the stage for understanding fundamental accounting principles crucial for managerial roles. The "Double Entry System" and varied "Forms of Organisation" are discussed early on to build a strong foundational knowledge of traditional accounting systems.

Subsequent modules guide learners through the preparation and analysis of key "Financial Statements," including "Balance Sheet" and "Profit and Loss Account." These modules play a critical role in enabling managers to comprehend and scrutinize the financial health of their organizations.

The complexities of "Company Account" and the vital "Accounting Concepts, Standards, IFRS" are explored in detail to align learners with global accounting standards and practices. Topics on "Depreciation," "Inventory," "Goodwill," and "Inventory Valuation" delve further into asset management and valuation.

Substantial emphasis is placed on "Cash Flow," with multiple lectures dedicated to examining specific cash flow statement cases, helping learners master cash flow analysis. The coverage extends to "Fund Flow Statement" cases, juxtaposing different financial metric systems.

Further, modules on "Common-size," "Comparative Statement Analysis," and "Ratio Analysis" equip participants with powerful tools for financial statements evaluation. Case studies such as "Colgate Palmolive" and "Dabur India" provide real-world context, enhancing the analytical capacity of learners.

Cost management is meticulously addressed through discussions on "Types of Costs," "Accounting for Costs," "Cost Allocation," and the sophisticated methodologies like "Absorption" and "Activity Based Costing." Advanced modules on "Cost Volume Profit Analysis," "Relevant and Sunk Cost in Decision Making," emphasize strategic cost management crucial for executive decision-making.

Budgeting is thoroughly covered in the modules discussing "Budget and Budgetary Control," along with "Standard Costing" techniques, explicating variances related to material, labor, and overhead. Various cases hone skills in financial forecasting and valuation, illustrated through examples like "Dabur" and "Pfizer and Merck."

Gathering insights from advanced topics, participants culminate their learning with lectures on "Cost Volume Profit and Break-Even Point Analysis," and advanced case studies. These topics synthesize learning to provide a strategic perspective on financial management.

This course, with its extensive content, equips managers with indispensable skills in managerial accounting, enhancing their efficacy in navigating the financial complexities within any business setting.