Duration of the online course: 34 hours and 20 minutes
4.6
(204)
Make smarter business decisions with this free managerial accounting course—master financial statements, cash flow, costs, budgeting, and get career-ready fast.
In this free course, learn about
Role of management accounting and how profitability is assessed in business
Double-entry bookkeeping, money measurement concept, and forms of business organization
Preparation and interpretation of financial statements: balance sheet and profit & loss account
Company accounts: equity vs preference shares, contingent liabilities, and key reporting items
Accounting concepts, standards, and IFRS fundamentals
Depreciation methods, goodwill basics, and inventory valuation (incl. methods disallowed by standards)
Cash flow statement: operating/investing/financing classification and case-based preparation
Fund flow statement: sources/uses of funds and major inflows/outflows
Financial statement analysis: comparative, common-size, ratio analysis, and DuPont framework
Cost accounting foundations: cost types, cost allocation, and absorption costing
Job vs process costing, cost sheets, equivalent production, and activity-based costing (ABC)
CVP analysis: contribution, break-even, leverage, and cost indifference point decisions
Decision-making costs: relevant vs sunk; product launch, shutdown, and joint product decisions
Budgeting, budgetary control, standard costing, and variance analysis (materials, labor, overhead, sales)
About the free online course
Turn accounting into a practical decision tool. This free online course in managerial accounting helps you read what the numbers are really saying and use them to guide day-to-day management choices. Instead of treating reports as paperwork, you’ll learn how managers interpret financial information to improve profitability, control costs, and plan confidently.
You’ll build a solid foundation in the language of business, starting from how transactions are recorded and organized, then moving into the core statements that describe performance and position. As you progress, you’ll connect concepts like depreciation, inventory valuation, and goodwill to real outcomes such as margins, working capital, and long-term financial health. The course also introduces modern standards and frameworks, so you can understand why consistency and comparability matter when financial data is used across teams, companies, or countries.
A major focus is analysis: learning to compare results over time, spot patterns, and translate ratios into insights that support operational and strategic decisions. You’ll also practice interpreting cash flow and fund flow scenarios, distinguishing operating, investing, and financing impacts—an essential skill for understanding liquidity and business resilience. Case-style work strengthens your ability to analyze real-company statements and evaluate performance beyond headline profit.
Managerial accounting is also about controlling the future, not only recording the past. You’ll explore how costs behave, how they’re allocated, and how methods like activity-based costing can improve visibility into what truly drives expenses. You’ll then link cost information to planning through budgeting, standard costing, variance analysis, and cost-volume-profit relationships, including break-even thinking that supports pricing, product decisions, and operational trade-offs.
By the end, you’ll be equipped with practical accounting and finance skills relevant to management, entrepreneurship, consulting, operations, and business analysis—ideal for anyone who wants to make informed decisions with clearer, more reliable financial insight.
Course content
Video class: Mod-01 Lec-01 Introduction to Management Accounting34m
Exercise: How the business has to be so it’s profitable?
Video class: Mod-01 Lec-02 Double Entry System, Forms of Organisation25m
Exercise: What is the primary purpose of the Money Measurement Concept in financial accounting?
Video class: Mod-02 Lec-03 Financial Statements53m
Exercise: What is the primary advantage of a company form of organization?
Video class: Mod-02 Lec-04 Balance Sheet50m
Exercise: What is a contingent liability?
Video class: Mod-02 Lec-05 Profit and Loss Account50m
Exercise: What does the profit and loss account primarily illustrate?
Video class: Mod-03 Lec-06 Company Account50m
Exercise: What is the primary advantage of preference shares over equity shares?
Video class: Mod-04 Lec-07 Accounting Concepts, Standards, IFRS51m
Exercise: Which are important accounting concepts?
Video class: Mod-05 Lec-08 Depreciation, Inventory, Goodwill52m
Exercise: Which depreciation method applies a consistent depreciation rate to the book value of assets?
Video class: Mod-05 Lec-09 Inventory Valuation, Cash Flow48m
Exercise: Which inventory valuation method is not recommended according to accounting standards and income tax law?
Video class: Mod-06 Lec-10 Cash Flow Statement Cases55m
Exercise: What is typically classified as an investing activity in a cash flow statement?
Video class: Mod-06 Lec-10B Cash Flow Statement Cases53m
Exercise: Which of the following activities is categorized as an investing cash flow in a cash flow statement?
Video class: Mod-06 Lec-11 Cash Flow Statement Cases-Part II48m
Exercise: What is considered an investing flow in a cash flow statement?
Video class: Mod-06 Lec-12 Fund Flow Statement Cases52m
Exercise: Which item is considered a major inflow in a fund flow statement?
Video class: Mod-07 Lec-13 Common-size, Comparative Statement Analysis53m
Exercise: What is the primary purpose of financial statement analysis?
Video class: Mod-07 Lec-14 Ratio Analysis51m
Exercise: What are all the types of ratio?
Video class: Mod-07 Lec-15 Financial Statements Analysis50m
Exercise: What are the three main types of financial statements discussed in financial analysis?
Video class: Mod-07 Lec-16 Comparative, Common-size and Ratio Analysis51m
Exercise: What is the function of a common size statement in financial analysis?
Students found the free course very good, detailed and helpful for career growth, and liked using the app. One reviewer noted video quality can be unclear at times, but overall the experience was positive.
ST
Sujal Thakur
Overall The Course Is Very Good. I Was Keen To Know About The Management Accounting. And It Is A Very Good Experience For Me. But The Video Quality Isn't It Good Sometimes I Can't Even See The Video Clearly. Just Improve The Video Quality. And Overall It Is Very Good Experience For Me
LR
Leona Raymond Ukah
It's an interesting class and quite a detailed video. Thank you
DI
DAWODU IREOLUWATOMIWA ADEOYE
The course is good it's really helps someone career
AK
Ara15 Kim
I'm looking for a free online course and thank fully i found this.
KR
Kyomugisha Roset
the app is so good and it will be of great importance on me
Course comments: Management - Managerial Accounting
Students found the free course very good, detailed and helpful for career growth, and liked using the app. One reviewer noted video quality can be unclear at times, but overall the experience was positive.
Sujal Thakur
Overall The Course Is Very Good. I Was Keen To Know About The Management Accounting. And It Is A Very Good Experience For Me. But The Video Quality Isn't It Good Sometimes I Can't Even See The Video Clearly. Just Improve The Video Quality. And Overall It Is Very Good Experience For Me
Leona Raymond Ukah
It's an interesting class and quite a detailed video. Thank you
DAWODU IREOLUWATOMIWA ADEOYE
The course is good it's really helps someone career
Ara15 Kim
I'm looking for a free online course and thank fully i found this.
Kyomugisha Roset
the app is so good and it will be of great importance on me
Harshita dixit
yes sir I also like this management course.
Suresh selvaraj Nadar
I like this course sir
priya nangare
yes sir I also like this course
Mojteba Talaei
it's a very good
Anie Jean Azarcon
well done