Managerial accounting provides economic and financial information for managers and other internal users. Managerial and Financial Accounting have similarities and differences. Each field of accounting deals with the economic events of a business. Both managerial and financial accounting require that a company’s economic events be quantified and communicated to interested parties.
This another course in our series on the controller’s role. The controller’s role encompasses many traditional functions. Within this segment of our controllership series, we discuss the area of managerial accounting and the basic concepts that surround this discipline as it primarily relates to cost accounting issues.
Prerequisites
No advanced preparation or prerequisites are required for this course.
Learning Objective
- Explore and explain the distinguishing features of managerial accounting.
- Identify the three broad functions of management.
- Discover and define the three classes of manufacturing costs.
- Recognize and distinguish between product and period costs.
Last updated/reviewed: March 9, 2024
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INTRODUCTION AND OVERVIEW
- Introduction to Managerial Accounting Basics and Cost Principles 1:42
- Managerial Accounting Basics 15:51
- Managerial Costs Concepts 8:10
- Manufacturing Costs In Financial Statements 6:43
- Manufacturing Costs In Financial Statements Cont'd 11:24
- Trends in Managerial Accounting 9:45
- Comprehensive Example 8:41
- Summary 1:36
CONTINUOUS PLAY
SUPPORTING MATERIAL
- Slides: The Controllership Series: Managerial Accounting Basics and Cost Principles PDF
- The Controllership Series: Managerial Accounting Basics and Cost Principles Glossary/ Index PDF
REVIEW AND TEST
- REVIEW QUESTIONS quiz
- FINAL EXAM exam
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