Free Course Image Managerial Accounting Complete Course

Free online courseManagerial Accounting Complete Course

Duration of the online course: 31 hours and 51 minutes

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Free managerial accounting course covering costs, CVP, budgeting, ABC, standard costing, performance measures, pricing, and capital budgeting for decisions.

In this free course, learn about

  • Course Orientation and the Role of Managerial Accounting
  • Cost Fundamentals: Product Costs, Period Costs, and Cost Flows
  • Cost Behavior, Mixed Costs, and Contribution Income Statements
  • Cost-Volume-Profit (CVP) Analysis and Profit Planning
  • Job-Order Costing and Overhead Application
  • Process Costing: Equivalent Units, Reports, and FIFO
  • Activity-Based Costing (ABC) and Cost Management
  • Variable Costing vs Absorption Costing
  • Budgeting and Performance Reporting
  • Standard Costing, Variance Analysis, and Journal Entries
  • Segment Reporting, Performance Measurement, and Transfer Pricing
  • Relevant Costing, Constraints, and Pricing Decisions
  • Capital Budgeting: Time Value of Money, NPV, IRR, and Taxes

Course Description

Managerial Accounting Complete Course is a free online program in Business and Marketing within the Accounting subcategory, designed to build practical managerial accounting skills for business decision-making. It starts by clarifying how managerial accounting differs from financial reporting and how accounting supports planning, control, governance, and responsible business practices.

You will learn how to classify and analyze costs for manufacturing and service environments, including product versus period costs, cost of goods manufactured, and the impact of fixed, variable, direct, and indirect costs. The course develops your ability to model cost behavior, estimate mixed costs using common approaches, and interpret contribution format income statements for clearer internal analysis.

Core decision tools are emphasized through cost-volume-profit analysis, break-even and target profit planning, contribution margin analysis, sales mix considerations, margin of safety, and operating leverage. You will also work through costing systems used in practice, including job-order costing and process costing, along with overhead application, equivalent units, reconciliation, and production reporting.

To support better pricing and profitability insight, the course covers activity-based costing and management reports, plus variable costing versus absorption costing and how each affects internal reporting and performance evaluation. Planning and control continue with comprehensive budgeting topics such as master budgets, production and cash budgets, and flexible budgets with performance reporting.

Advanced sections address standard costing and variance interpretation, capacity and investigation decisions, and related journal entries. You will also explore responsibility accounting and segment reporting, ROI and residual income, transfer pricing, and balanced scorecards. The course finishes with relevant cost analysis for short-term decisions, constrained resource optimization, cost-plus pricing and target costing, and capital budgeting techniques including present value, NPV, IRR, payback, and tax-aware analysis.

Course content

  • Video class: 1. Managerial Accounting Introduction - Start Here 05m
  • Exercise: What study approach is emphasized as most effective for mastering managerial accounting?
  • Video class: 2. Managerial Accounting Ch1 Pt1: Financial Versus Managerial Accounting 05m
  • Video class: 3. Managerial Accounting Ch1 Pt2: Functions of Managers - Role of Management Accountants 09m
  • Video class: 4. Managerial Accounting Ch1 Pt3: Corporate Governance and Corporate Social Responsibility 12m
  • Exercise: In continuous improvement, what is the main emphasis of lean production (Just-in-Time) systems?
  • Video class: 5. Managerial Accounting Ch2 Pt1: Product Versus Period Costs 10m
  • Video class: 6. Managerial Accounting Ch2 Pt2: Cost of Goods Manufactured 14m
  • Video class: 7. Managerial Accounting Ch2 Pt3: Variable versus Fixed, Direct versus Indirect 13m
  • Exercise: Which statement best describes a variable cost?
  • Video class: 8. Managerial Accounting Ch2 Exercises Pt1: Manufacturing Costs, Product Costs, Period Costs 18m
  • Video class: 9. Managerial Accounting Ch2 Exercises Pt2: Cost of Goods Manufactured 09m
  • Video class: 10. Managerial Accounting Ch2 Exercises Pt3: Fixed and Variable Costs 12m
  • Video class: 11. Managerial Accounting Ch2 Exercises Pt4: Cost of Goods Manufactured 19m
  • Video class: 12. Managerial Accounting Ch2 Exercises Pt5: Product Costs versus Period Costs 17m
  • Video class: 13. Managerial Accounting Ch3 Pt1: Cost Behaviour 12m
  • Exercise: Which equation best represents a mixed (semi-variable) cost, where total cost includes both a fixed and a variable component?
  • Video class: 14. Managerial Accounting Ch3 Pt2: Mixed Costs 11m
  • Video class: 15. Managerial Accounting Ch3 Pt3: Contribution Format Income Statement 03m
  • Video class: 16. Managerial Accounting Ch3 Pt4: Mixed Cost Using Least Squares 09m
  • Exercise: In least squares regression for cost estimation (y = a + bX), what makes the best-fit line?
  • Video class: 17. Managerial Accounting Ch3 Exercises Pt1: Cost Behaviour using a Scattergram 11m
  • Video class: 18. Managerial Accounting Ch3 Exercises Pt2: Mixed Cost - High-Low Method 13m
  • Video class: 19. Managerial Accounting Ch3 Exercises Pt3: Contribution Format Income Statement 12m
  • Exercise: In the high-low method, what is the estimated variable shipping cost per unit (B) when the highest activity is 8 units with $3,600 cost and the lowest is 2 units with $1,500 cost?
  • Video class: 20. Managerial Accounting Ch3 Exercises Pt4: High-Low Method and Mixed Costs 07m
  • Video class: 21. Managerial Accounting Ch3 Exercises Pt5: High-Low Method, Scattergram 10m
  • Video class: 22. Managerial Accounting Ch3 Exercises Pt6: Contribution Format Income Statement 15m
  • Exercise: Why can showing fixed costs on a per-unit basis be misleading in a contribution format income statement?
  • Video class: 23. Managerial Accounting C4 Pt1: Cost-Volume-Profit Graph 13m
  • Video class: 24. Managerial Accounting Ch4 Pt2: Contribution Margin Analysis 07m
  • Video class: 25. Managerial Accounting Ch4 Pt3: Break-Even and Target Profit Analysis 12m
  • Exercise: Using the formula method, what is the break-even point in units if fixed costs are $35,000, selling price is $250, and variable cost per unit is $150?
  • Video class: 26. Managerial Accounting Ch4 Pt4: Margin of Safety - Degree of Operating Leverage 08m
  • Video class: 27. Managerial Accounting Ch4 Pt5: Cost Structure - Degree of Operating Leverage 10m
  • Video class: 28. Managerial Accounting Ch4 Pt6: Sales Mix and Contribution Margin 11m
  • Exercise: In a multi-product firm, what key factor makes the break-even point change compared with a single-product firm?
  • Video class: 29. Managerial Accounting Ch4 Exercises Pt1: Contribution Format Income Statement 10m
  • Video class: 30. Managerial Accounting Ch4 Exercises Pt2: Contribution Margin Ratio 10m
  • Video class: 31. Managerial Accounting Ch4 Exercises Pt3: Break-Even Point - Target Profit 10m
  • Exercise: A product sells for $8 with variable cost $6 per unit and fixed costs of $5,500 per month. What is the break-even point in unit sales?
  • Video class: 32. Managerial Accounting Ch4 Exercises Pt4: Margin of Safety - Degree of Operating Leverage 09m
  • Video class: 33. Managerial Accounting Ch4 Exercises Pt5: Multi-Service Company Break-Even 12m
  • Video class: 34. Managerial Accounting Ch4 Exercises Pt6: Break-Even and Target Profit 14m
  • Exercise: If fixed expenses are $360,000, selling price is $60, and the contribution margin ratio is 40%, what is the break-even point in units?
  • Video class: 35. Managerial Accounting Ch4 Exercises Pt7: Cost-Volume-Profit 18m
  • Video class: 36. Managerial Accounting Ch4 Exercises Pt8: CVP Analysis 15m
  • Video class: 37. Managerial Accounting Ch4 Exercises Pt9: Operating Leverage 17m
  • Exercise: Operating leverage: If sales volume increases by 25% and the degree of operating leverage is 6, what is the expected percentage increase in operating income?
  • Video class: 38. Managerial Accounting Ch4 Exercises Pt10: Target Profit Analysis 09m
  • Video class: 39. Managerial Accounting Ch4 Exercises Pt11: Break-Even Analysis 13m
  • Video class: 40. Managerial Accounting Ch5 Pt1: Job-Order Costing 11m
  • Exercise: In job order costing, why is manufacturing overhead harder to assign than direct materials and direct labor?
  • Video class: 41. Managerial Accounting Ch5 Pt2: Predetermined Overhead Rates 10m
  • Video class: 42. Managerial Accounting Ch5 Pt3: Job-Order Costing 10m
  • Video class: 43. Managerial Accounting Ch5 Pt4:Under/Over-Applied Manufacturing Overhead 13m
  • Video class: 44. Managerial Accounting Ch5 Exercises Pt1: Job-Order Costing 09m
  • Video class: 45. Managerial Accounting Ch5 Exercises Pt2: Predetermined Overhead Rate 12m
  • Video class: 46. Managerial Accounting Ch5 Exercises Pt3:Applying Overhead Costs 11m
  • Exercise: How is manufacturing overhead applied when a predetermined overhead rate is used?
  • Video class: 47. Managerial Accounting Ch5 Exercises Pt4:Applying Overhead 16m
  • Video class: 48. Managerial Accounting Ch5 Exercises Pt5: Applying Overhead 18m
  • Video class: 49. Managerial Accounting Ch5 Exercises Pt6: Applying Overhead 15m
  • Exercise: In a service company using job order costing, how is overhead applied to a job when the predetermined overhead rate is $45 per designer hour?
  • Video class: 50. Managerial Accounting Ch5 Exercises Pt7:Under/Over-Applied Overhead 19m
  • Video class: 51. Managerial Accounting Ch5 Exercises Pt8: Applying Overhead Costs 26m
  • Video class: 52. Managerial Accounting Ch6 Pt1: Process Costing 10m
  • Video class: 53. Managerial Accounting Ch6 Pt2: Equivalent Units of Production 11m
  • Video class: 54. Managerial Accounting Ch6 Pt3: Cost Reconciliation 19m
  • Video class: 55. Managerial Accounting Ch6 Pt4: Production Report - Complete 08m
  • Exercise: In a process costing production report, which section is used to compute equivalent units?
  • Video class: 56. Managerial Accounting Ch6 Exercises Pt1: Computation of Equivalent Units 14m
  • Video class: 57. Managerial Accounting Ch6 Exercises Pt2: Cost per Equivalent Unit 16m
  • Video class: 58. Managerial Accounting Ch6 Exercises Pt3: Cost Per Equivalent Unit 16m
  • Exercise: How is the cost per equivalent unit for materials calculated in the production report?
  • Video class: 59. Managerial Accounting Ch6 Exercises Pt4: Equivalent Units and $/Unit 19m
  • Video class: 60. Managerial Accounting Ch6 Pt5: FIFO Process Costing 15m
  • Video class: 61. Managerial Accounting Ch6 Exercises Pt5: FIFO Process Costing 09m
  • Exercise: Under FIFO process costing, which costs are used to compute the cost per equivalent unit?
  • Video class: 62. Managerial Accounting Ch6 Exercises Pt6: FIFO Process Costing 17m
  • Video class: 63. Managerial Accounting Ch6 Exercises Pt7: FIFO Process Costing 12m
  • Video class: 64. Managerial Accounting Ch7 Pt1: Activity Based Costing 11m
  • Exercise: Which statement best describes activity-based costing (ABC) compared with traditional costing?
  • Video class: 65. Managerial Accounting Ch7 Pt2: Activity Based Costing 15m
  • Video class: 66. Managerial Accounting Ch7 Pt3: First-Stage Allocation 13m
  • Video class: 67. Managerial Accounting Ch7 Pt4: Second-Stage Allocation 19m
  • Exercise: In second-stage allocation under activity-based costing (ABC), how are overhead costs assigned to a specific cost object?
  • Video class: 68. Managerial Accounting Ch7 Pt5: ABC Management Reports 10m
  • Video class: 69. Managerial Accounting Ch7 Ex Pt1: First-Stage Allocation 12m
  • Video class: 70. Managerial Accounting Ch7 Ex Pt2: First-Stage Allocation 08m
  • Exercise: In an ABC system with two-stage allocation, how is the activity rate for an overhead cost pool computed?
  • Video class: 71. Managerial Accounting Ch7 Ex Pt3: Second-Stage Allocation 08m
  • Video class: 72. Managerial Accounting Ch7 Ex Pt4: Customer and Product Margins 14m
  • Video class: 73. Managerial Accounting Ch8 Pt1: Variable Costing 13m
  • Video class: 74. Managerial Accounting Ch8 Pt2: Variable Costing vs Absorption Costing 16m
  • Video class: 75. Managerial Accounting Ch8 Pt3: Variable vs Absorption Costing 06m
  • Video class: 76. Managerial Accounting Ch8 Ex Pt1: Variable and Absorption Costing 08m
  • Exercise: Which cost is included in absorption costing unit product cost but excluded from variable costing unit product cost?
  • Video class: 77. Managerial Accounting Ch8 Ex Pt2: Absorption vs Variable Costing 17m
  • Video class: 78. Managerial Accounting Ch8 Ex Pt3: Absorption vs Variable Costing 14m
  • Video class: 79. Managerial Accounting Ch9 Pt1: Budgeting 10m
  • Exercise: Which statement best describes zero-based budgeting?
  • Video class: 80. Managerial Accounting Ch9 Pt2: Master Budget 10m
  • Video class: 81. Managerial Accounting Ch9 Pt3: Production Budget 18m
  • Video class: 82. Managerial Accounting Ch9 Pt4: Cash Budget 15m
  • Exercise: Why is the ending finished goods inventory budget typically prepared after the direct materials, direct labor, and manufacturing overhead budgets?
  • Video class: 83. Managerial Accounting Ch9 Pt5: Flexible Budgets 14m
  • Video class: 84. Managerial Accounting Ch9 Ex Pt1: Budgeting 18m
  • Video class: 85. Managerial Accounting Ch9 Ex Pt2: Direct Materials and Direct Labour Budgets 12m
  • Exercise: In a direct materials purchases budget, how is the desired ending inventory typically determined in this scenario?
  • Video class: 86. Managerial Accounting Ch9 Ex Pt3: Manufacturing Overhead Budget 17m
  • Video class: 87. Managerial Accounting Ch9 Ex Pt4: Cash Budget and Flexible Budget 15m
  • Video class: 88. Managerial Accounting Ch9 Ex Pt5: Flexible Budget Performance Report 17m
  • Exercise: In a comprehensive performance report, how is the static budget variance (sales volume variance) calculated?
  • Video class: 89. Managerial Accounting Ch10 Pt1: Standard Costing 15m
  • Video class: 90. Managerial Accounting Ch10 Pt2: Standard Costing 12m
  • Video class: 91. Managerial Accounting Ch10 Pt3: Standard Costing Variance Interpretation 16m
  • Exercise: Which scenario best explains how a favorable materials price variance can still lead to unfavorable results elsewhere?
  • Video class: 92. Managerial Accounting Ch10 Pt4: Fixed Overhead under Standard Costing 16m
  • Video class: 93. Managerial Accounting Ch10 Pt5: Fixed Overhead under Standard Costing 11m
  • Video class: 94. Managerial Accounting Ch10 Pt6: Variance Investigations and Capacity Analysis 15m
  • Exercise: In an overhead performance report, how is the variable overhead efficiency variance computed?
  • Video class: 95. Managerial Accounting Ch10 Ex Pt1: Material Variances 13m
  • Video class: 96. Managerial Accounting Ch10 Ex Pt2: Labour and Overhead Variances 14m
  • Video class: 97. Managerial Accounting Ch10 Ex Pt3: Fixed Overhead Variances 10m
  • Exercise: How is the fixed portion of the predetermined overhead rate (POHR) computed in a standard costing system that applies overhead using standard direct labor-hours?
  • Video class: 98. Managerial Accounting Ch10 Ex Pt4: Material and Labour Varainces 16m
  • Video class: 99. Managerial Accounting Ch10 Ex Pt5: Material and Labour Varainces 10m
  • Video class: 100. Managerial Accounting Ch10 Ex Pt6: Labour and Variable Manufacturing Overhead Variances 19m
  • Exercise: Which set of variances correctly reconciles the $1,300 total direct labor variance for July?
  • Video class: 101. Managerial Accounting Ch10 Pt7: Standard Costing Journal Entries 15m
  • Video class: 102. Managerial Accounting Ch10 Ex Pt7: Standard Costing Journal Entries 10m
  • Video class: 103. Managerial Accounting Ch11 Pt1: Segment Reporting 09m
  • Exercise: In a segmented contribution format income statement, what happens after subtracting traceable fixed costs from the contribution margin?
  • Video class: 104. Managerial Accounting Ch11 Pt2: Segment Reporting and Responsibility Centers 10m
  • Video class: 105. Managerial Accounting Ch11 Pt3: Return on Investment 16m
  • Video class: 106. Managerial Accounting Ch11 Pt4: Residual Income 12m
  • Video class: 107. Managerial Accounting Ch11 Ex Pt1: Segmented Income Statement 15m
  • Video class: 108. Managerial Accounting Ch11 Ex Pt2: Segmented Income Statement 15m
  • Video class: 109. Managerial Accounting Ch11 Ex Pt3: ROI vs Residual Income 11m
  • Video class: 110. Managerial Accounting Ch11 Ex Pt4: ROI and Residual Income 13m
  • Video class: 111. Managerial Accounting Ch11 Pt5: Transfer Pricing Part 1 11m
  • Video class: 112. Managerial Accounting Ch11 Pt5: Transfer Pricing Part 2 12m
  • Exercise: When the selling division has idle capacity (no outside sales are displaced), what transfer-price range allows a mutually beneficial internal transfer in this example?
  • Video class: 113. Managerial Accounting Ch11 Ex Pt5: Transfer Pricing 16m
  • Video class: 114. Managerial Accounting Ch11 Pt6: Balanced Scorecard 17m
  • Video class: 115. Managerial Accounting Ch12 Pt1: Relevant Costs 11m
  • Exercise: Which cost is considered relevant for decision-making between alternatives?
  • Video class: 116. Managerial Accounting Ch12 Pt2: Relevant Cost Analysis 15m
  • Video class: 117. Managerial Accounting Ch12 Pt3: Relevant Cost Analysis 17m
  • Video class: 118. Managerial Accounting Ch12 Pt4 Utilization of a Constrained Resource 06m
  • Exercise: When a resource is constrained (a bottleneck), which metric best guides product mix decisions to maximize profit?
  • Video class: 119. Managerial Accounting Ch12 Pt5 Cost Plus Pricing 14m
  • Video class: 120. Managerial Accounting Ch12 Pt6 Cost Plus Pricing and Target Costing 14m
  • Video class: 121. Managerial Accounting Ch12 Ex Pt1 Relevant Costs and Dropping a Segment 16m
  • Exercise: In a replacement decision where production and sales will not change, which item is a sunk cost and therefore not relevant?
  • Video class: 122. Managerial Accounting Ch12 Ex Pt2 Relevant Cost Scenarios 14m
  • Video class: 123. Managerial Accounting Ch12 Ex Pt3 Utilization of a Constrained Resource 10m
  • Video class: 124. Managerial Accounting Ch12 Ex Pt4 Target Pricing 12m
  • Exercise: Under absorption costing cost-plus pricing, what mark-up percentage is needed to achieve an 8% ROI given 10,000 units, $16 unit product cost, $40,000 annual SG&A, and $400,000 investment?
  • Video class: 125. Managerial Accounting Ch13 Pt1 Capital Budgeting Introduction 09m
  • Video class: 126. Managerial Accounting Ch13 Pt2 Present Value A 18m
  • Video class: 127. Managerial Accounting Ch13 Pt3 Present Value B 21m
  • Exercise: Which statement best describes why the present value of an annuity due is greater than the present value of an ordinary annuity (all else equal)?
  • Video class: 128. Managerial Accounting Ch13 Pt4 Net Present Value A 12m
  • Video class: 129. Managerial Accounting Ch13 Pt5 Net Present Value B 13m
  • Video class: 130. Managerial Accounting Ch13 Pt6 Net Present Value C 07m
  • Exercise: When computing the NPV in Excel for this 5-year project, what net cash flow should be entered for the end of Year 4?
  • Video class: 131. Managerial Accounting Ch13 Pt7 Net Present Value D 17m
  • Video class: 132. Managerial Accounting Ch13 Pt8 Net Present Value E 13m
  • Video class: 133. Managerial Accounting Ch13 Pt9 Internal Rate of Return 12m
  • Exercise: What does the internal rate of return (IRR) of a project represent?
  • Video class: 134. Managerial Accounting Ch13 Pt10 Preference Payback and Simple Rate of Return 18m
  • Video class: 135. Managerial Accounting Ch13 Ex Pt1 NPV and IRR 10m
  • Video class: 136. Managerial Accounting Ch13 Ex Pt2 NPV and IRR 07m
  • Exercise: What annual dollar amount of intangible benefits is required to make the automated equipment investment acceptable (NPV = 0) given the shortfall at 15% over 10 years?
  • Video class: 137. Managerial Accounting Ch13 Ex Pt3 Payback and Simple Rate of Return and NPV 06m
  • Video class: 138. Managerial Accounting Ch13 Ex Pt4 NPV and IRR 10m
  • Video class: 139. Managerial Accounting Ch13 Pt11 Net Present Value with Taxes A 19m
  • Exercise: Why is depreciation (CCA) handled separately when calculating after-tax NPV?
  • Video class: 140. Managerial Accounting Ch13 Pt12 Net Present Value with Taxes B 11m
  • Video class: 141. Managerial Accounting Ch13 Ex Pt5 Net Present Value and Taxes 21m
  • Video class: 142. Managerial Accounting Ch13 Ex Pt6 Net Present Value and Taxes 28m
  • Exercise: When selling old equipment that is fully depreciated for $22,500, how should the cash inflow be treated for NPV purposes when the tax rate is 30%?

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