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Managerial Accounting




3 Weeks


About the Course

Get a Managerial Accounting Certificate

Are you someone who loves delving into numbers to uncover hidden insights, and analyzing large amounts of information to make smart business decisions? In this course, you will receive a comprehensive introduction to the exciting world of managerial accounting.

Whether you are an aspiring managerial accountant, or simply an interested individual who wishes to take control of your own personal or business finances, this course will equip you with a strong understanding of how managerial accounting can help you to make better decisions at work or in your day-to-day life.

What to Expect

The Managerial Accounting Certificate Course is an online learning program with recommended readings from the textbook (Principles of Accounting, Volume 2: Managerial Accounting). This course is self-directed, which means you may study and complete assignments at times that are most convenient for you from the comfort of your own home.

This part-time Managerial Accounting Certificate Course has a recommended completion date of 7 weeks from the start of the program, however, you may choose to complete the course in as little as 4 weeks or as long as 14 weeks, depending on your schedule.

The Managerial Accounting Certificate Course has been created to allow you to complete it without teaching assistance. However, if you have questions or need assistance, you can receive help from a Faculty Member throughout the 7 weeks of the course. Your Faculty Member is a valuable resource person who can provide you with personal teaching assistance to help you succeed in the course.

Course Topics

The Managerial Accounting Certificate Course has been developed to meet high academic standards, ensuring that as a graduate you can display with pride the Managerial Accounting Certificate you will earn from the USILD

Accounting as a Tool for Managers

  • Define Managerial Accounting and Identify the Three Primary Responsibilities of Management

  • Distinguish Between Financial and Managerial Accounting

  • Explain the Primary Roles and Skills Required of Managerial Accountants

  • Describe the Role of the institute of Management Accountants and the Use of Ethical Standards

  • Describe Trends in Today’s Business Environment and Analyze Their Impact on Accounting

Building Blocks of Managerial Accounting

  • Distinguishing Between Merchandising, Manufacturing, and Service Organizations

  • Identify and Apply Basic Cost Behavior Patterns

  • Estimate a Variable and Fixed Cost Equation and Predict Future Costs

Cost-Volume-Profit Analysis

  • Explain Contribution Margin and Calculate Contribution Margin per Unit, Contribution Margin Ratio, and Total Contribution Margin

  • Calculate a Break-Even Point in Units and Dollars

  • Perform Break-Even Sensitivity Analysis for a Single Product under Changing Business Situations

  • Perform Break-Event Sensibility Analysis for a Multi-Product Environment under Changing Business Situations

  • Calculate and Interpret a Company’s Margin of Safety and Operating Leverage

Job Order Costing

  • Distinguish between Job Order Costing and Process Costing

  • Describe and Identify the Three Major Components of Product Costs under Job Order Costing

  • Use the Job Order Costing Method to Trace the Flow of Product Costs through the Inventory Accounts

  • Compute a Predetermined Overhead Rate and Apply Overhead to Production

  • Compute the Cost of a Job using Job Order Costing

  • Determine and Dispose of Underapplied or Overapplied Overhead

  • Prepare Journal Entries for a Job Order Cost System

  • Explain How a Job Order Cost System Applies to a Nonmanufacturing Environment

Process Costing

  • Compare and Contrast Job Order Costing and Process Coasting

  • Explain and Identify Conversion Costs

  • Explain and Compute Equivalent Units and Total Cost of Production in an Initial Processing Stager

  • Explain and Compute Equivalent Units and Total Cost of Production in a Subsequent Processing Stager

  • Prepare Journal Entries for a Process Costing System

Activity-Based, Variable, and Absorption Costing

  • Calculate Predetermined Overhead and Total Cost under the Traditional Allocation Method?

  • Describe and Identify Cost Drivers

  • Calculate Activity-Based Product Costs

  • Compare and Contrast Traditional and Activity-Based Costing Systems

  • Compare and Contrast Variable and Absorption Costing


  • Describe How and Why Managers Use Budgets

  • Prepare Operating Budgets

  • Prepare Financial Budgets

  • Prepare Flexible Budgets

  • Explain How Budgets Are Used to Evaluate Goals

Standard Costs and Variances

  • Explain How and Why a Standard Cost Is Developed

  • Compute and Evaluate Materials Variances

  • Compute and Evaluate Labor Variances

  • Compute and Evaluate Overhead Variances

  • Describe How Companies Use Variance Analysis

Responsibility Accounting and Decentralization

  • Differentiate between Centralized and Decentralized Management

  • Describe How Decision-Making Differs between Centralized and Decentralized Environments

  • Describe the Types of Responsibility Centers

  • Describe the Effects of Various Decisions on Performance Evaluation of Responsibility Centers

Short-Term Decision Making

  • Identify Relevant Information for Decision Making

  • Evaluate and Determine Whether to Accept or Reject a Special Order

  • Evaluate and Determine Whether to Make or Buy a Component

  • Evaluate and Determine Whether to Keep or Discontinue a Segment or Product

  • Evaluate and Determine Whether to Sell or Process Further

  • Evaluate and Determine How to Make Decisions When Resources Are Constrained

Capital Budgeting Decisions

  • Describe Capital Investment Decisions and How They Are Applied

  • Evaluate the Payback and Accounting Rate of Return in Capital Investment Decisions

  • Explain the Time Value of Money and Calculate Present and Future Values of Lump Sums and Annuities

  • Use Discounted Cash Flow Models to Make Capital Investment Decisions

  • Compare and Contrast Non-Time Value-Based Methods and Time Value-Based Methods in Capital Investment Decisions

Balanced Scorecard and Other Performance Measures

  • Explain the Importance of Performance Measurement

  • Identify the Characteristics of an Effective Performance Measure

  • Evaluate an Operating Segment or a Project Using Return on Investment, Residual Income, and Economic Value Added

  • Describe the Balanced Scorecard and Explain How it is Used

Sustainability Reporting

  • Describe Sustainability and the Way It Creates Business Value

  • Identify User Needs for Information

  • Discuss Examples of Major Sustainability Initiatives

  • Future Issues in Sustainability

Your Instructor

Marcus Harris

Marcus Harris

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