Introduction to Managerial Accounting
Understand the role of managerial accounting in supporting internal decision-making. Learn how it differs from financial accounting and its focus on operational efficiency and strategic planning.
Cost Classifications and Behavior
Explore different types of costs, such as fixed, variable, and mixed costs. Understand how costs behave under various conditions and their impact on decision-making.
Budgeting and Forecasting
Learn the principles of creating budgets and financial forecasts. Understand their role in planning, resource allocation, and performance evaluation.
Cost-Volume-Profit (CVP) Analysis
Study the relationship between costs, sales volume, and profits. Gain tools to determine break-even points and analyze how changes in costs or sales impact profitability.
Activity-Based Costing (ABC)
Discover the ABC method for allocating overhead costs based on activities. Learn how this approach enhances cost accuracy and aids in identifying inefficiencies.
Variance Analysis
Understand how to measure deviations from budgets and standards. Learn to analyze variances to identify areas requiring corrective action.
Performance Measurement and Balanced Scorecard
Explore techniques for evaluating organizational and departmental performance. Understand the balanced scorecard approach, which incorporates financial and non-financial metrics.
Relevant Costing and Decision-Making
Learn to identify relevant costs for short-term and long-term decision-making. Apply this knowledge to scenarios like pricing, outsourcing, and product discontinuation.
Capital Budgeting and Investment Decisions
Understand the process of evaluating long-term investments. Learn methods such as net present value (NPV), internal rate of return (IRR), and payback period analysis.
Ethical Considerations in Managerial Accounting
Discuss the importance of ethical behavior in managerial accounting. Learn to balance profit maximization with corporate social responsibility and ethical decision-making.
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