Management Accounting In 30 Minutes

A Fast-Track Introduction to Financial Decision-Making

What you'll learn

Understand the Fundamentals of Management Accounting

Comprehend Key Management Accounting Concepts

Apply Cost-Volume-Profit (CVP) Analysis

Learn the Importance of Budgeting and Forecasting

Evaluate Performance Using KPIs and Variance Analysis

Make Informed Short-Term Decisions Using Relevant Costs

Requirements

No prior experience is required to enroll in this course

Description

"Management Accounting in 30 Minutes" is an essential online course designed for individuals seeking a quick yet comprehensive understanding of management accounting. This course provides a clear and concise overview of the core principles, tools, and techniques used in management accounting, helping participants apply them effectively in real-world business scenarios.In just 30 minutes, learners will grasp the differences between financial and management accounting, explore cost types and classifications, and understand key concepts like fixed and variable costs, direct and indirect costs, and cost-volume-profit analysis. The course also covers the fundamentals of budgeting and forecasting, showing how these tools support business planning, control, and decision-making.Additionally, the course dives into performance measurement and variance analysis, introducing essential metrics like Key Performance Indicators (KPIs) to evaluate business performance and identify areas for improvement. It also highlights short-term decision-making, including the role of relevant costs and contribution margin in making strategic choices that drive profitability.By the end of the course, participants will have a foundation in management accounting, enabling them to make more informed and effective business decisions. The course concludes with key takeaways and encourages further learning, ensuring participants are ready to apply their new knowledge to improve business strategy and operations.

Overview

Section 1: Course Overview

Lecture 1 Course Overview

Section 2: Introduction

Lecture 2 Introduction

Section 3: Key Concepts

Lecture 3 Key Concepts

Section 4: Budgeting and Forecasting

Lecture 4 Budgeting and Forecasting

Section 5: Performance Measurement

Lecture 5 Performance Measurement

Section 6: Short-term Decision-Making

Lecture 6 Short-term Decision-Making

Section 7: Summary and Conclusion

Lecture 7 Summary and Conclusion

Section 8: Quiz

Section 9: Case Study

Lecture 8 Case Study

Busy professionals who want to gain a quick understanding of management accounting concepts.