This section covers cost classification and behavior, including production vs non-production costs, direct vs indirect costs, and fixed, variable, and stepped costs. Additionally, we’ll categorize expenses by function and nature, reinforcing your understanding with a practical case study. You'll also receive a further introduction to management accounting concepts and study management accounting fundamentals in more detail. Understanding your cost structure can improve financial planning and performance.

Managerial accounting careers encompass various responsibilities, including conducting cost-volume-profit (CVP) analysis to aid in strategic decision-making. You’ll learn how to determine the break-even point, calculate contribution margins, and interpret the margin of safety. We also discuss methods to set and achieve target profits. A case study will reinforce these concepts and demonstrate sensitivity analysis. This is crucial among the myriad managerial accounting topics discussed in this section.

This section of our online managerial accounting course overviews various cost accounting techniques. You’ll examine accounting for material, labor, and overhead costs. Practical applications of overhead allocation and the differentiation between marginal and absorption costing techniques are discussed, along with a case study to apply these techniques.

In this section of our management accounting course, you’ll grasp the purpose and process of budgeting. You’ll learn the benefits of effective budgeting, follow a step-by-step budget preparation guide, and explore various budgeting techniques. The section will also explore the distinctions between budgeting and forecasting and how to manage budgets using variance analysis—further clarifying the purpose of managerial accounting.

Learn about standard costing and its role in management accounting. We’ll explore the advantages and limitations of standard costing and introduce variance analysis. Through a practical case study, you'll discover how to analyze sales, material, labor, and variable overhead variances, enhancing your management accounting skills.

The final section of this management accounting course focuses on performance measurement and control. It introduces concepts and key indicators, explores balanced scorecard methods, explains control systems, and teaches about benchmarking. Upon completion, you’ll be well-prepared to pursue a managerial accounting certificate to further validate your expertise.