Managerial Accounting is the study of internal financial information that can influence decision-making. It's the follow up course to Financial Accounting, that can prove to be more difficult for students. We designed the course to act as a perfect supplement for those taking Managerial/Management Accounting in University or College. We'll walk you through the theory, providing examples and questions that will keep you engaged.
The first part of the course will cover:
- Cost Measurement and Cost Behavior
- The Design of Cost Functions
- Fixed Costs, Variable Costs and Mixed Costs
- Break-Even Analysis
- Handling Direct and Indirect Costs
The second part will cover:
- Activity-Based Costing for Overhead Costs
- Preparing Cash Budgets
- Variance Analysis
- Support Departments: Direct, Step-Down and Reciprocal Method
- And much more!
I worked on my BComm, majoring in Accounting and Finance at Ryerson University and am currently a CPA student. I've run Notepirate (an accounting and finance website) for 5 years and have worked as an Accounting and Finance educator for 6 years. My videos have been used by countless CPA websites and continuing education websites like TVO's, Independent Learning Center (ILC.org).
Growing up in Toronto (Canada) I started my Accounting education in high school at North Toronto Collegiate. Like many of you, I struggled to master the fundamentals of Accounting which eventually lead to me being frustrated and confused. I understand this feeling, that you might be having too well.
During the summer I took some time to go back and re-read everything from the beginning. I focused on the fundamentals specifically, because everything you learn in Accounting is derived from them. This provided a strong foundation for me to teach Accounting because of my original confusion with the subject but also my subsequent clarity of the it.
When I explain concepts, you're going to see that I not only provide lectures on the subject, but also provide a deep understanding of the material.
Accounting and finance has not only influenced my professional life but also my personal life. Decisions are made on a daily basis. I believe that a strong education in Accounting and Finance equips us with the know how to make sound decisions.