InstantCREDIT Course

Managerial Accounting


This course will serve as an introduction to managerial accounting, starting with the basics about cost concepts, budgeting, and performance analysis and moving on to fundamental concepts like costing methods, master budgets, budget variance analysis, capital budgeting, and financial statements analysis.

At a Glance

Course Value: 3 Credit Hours
Course Level: Upper-Level Undergraduate
Course Length: 44 lessons
🗎 Download Syllabus in Word Format

Course Outline

Click on a chapter name below to expand and see the lessons contained in that chapter.

Ch. 1: Managerial Accounting: An Overview
- 1: What is Managerial Accounting?
- 2: Why Does Managerial Accounting Matter to Your Career?
- 3: Beyond the Numbers
Ch. 2: Managerial Accounting and Cost Concepts
- 4: Cost Classifications for Assigning Costs to Cost Objects
- 5: Cost Classifications for Manufacturing Companies
- 6: Cost Classifications for Preparing Financial Statements
- 7: Cost Classifications for Predicting Cost Behavior
- 8: The Analysis of Mixed Costs
- 9: Traditional and Contribution Format Income Statements and Cost Classifications for Decision Making
Ch. 3: Job-Order Costing
- 10: Job-Order Costing
- 11: Job-Order Costing: The Flow of Costs
- 12: Schedules of Cost of Goods Manufactured and Cost of Goods Sold
- 13: Underapplied and Overapplied Overhead: A Closer Look
Ch. 4: Process Costing
- 14: Comparison of Job-Order and Process Costing
- 15: Process Costing: Cost Flow
- 16: Process Costing: Equivalent Units of Production (Weighted-Average Method)
- 17: Process Costing: Equivalent Units of Production (FIFO Method)
Ch. 5: Cost-Volume-Profit Relationships
- 18: The Basics of Cost-Volume-Profit (CVP) Analysis
- 19: Break-Even and Target Profit Analysis
- 20: Considerations in Cost Structure and Sales Mix
Ch. 6: Variable Costing and Segment Reporting: Tools for Management
- 21: Variable and Absorption Costing: Tools for Management
- 22: Segment Reporting: Tools for Management
Ch. 7: Activity-Based Costing: A Tool to Aid Decision Making
- 23: Activity Based Costing: Overview
- 24: Activity-Based Costing: Design and Mechanics
- 25: Activity-Based Costing: Decision Making
Ch. 8: Master Budgeting
- 26: Master Budgeting: What is a Budget?
- 27: Master Budgeting: Preparing The Master Budget Part 1
- 28: Master Budgeting: Preparing The Master Budget Part 2
Ch. 9: Flexible Budgets and Performance Analysis
- 29: Flexible Budgets
- 30: Flexible Budget Variances
Ch. 10: Standard Costs and Variances
- 31: Standard Costs: Setting the Stage
- 32: Standard Costs: Variance Analysis
Ch. 11: Performance Measurement in Decentralized Organizations
- 33: Performance Measurement: Decentralized Organizations
- 34: Performance Measurement: Operating and Balanced Scorecard
Ch. 12: Differential Analysis: The Key to Decision Making
- 35: Differential Analysis, The Key to Decision Making: Cost Concepts
- 36: Differential Analysis, The Key to Decision Making: Additional Decisions
- 37: Differential Analysis, The Key to Decision Making: Other Decision Considerations
Ch. 13: Capital Budgeting Decisions
- 38: Capital Budgeting Decisions: Overview
- 39: Capital Budgeting Decisions: Capital Budgeting Methods
- 40: Capital Budgeting Decisions: Additional Capital Budgeting Methods
Ch. 14: Statement of Cash Flows
- 41: Statement of Cash Flows: Key Concepts
- 42: Statement of Cash Flows: Example
Ch. 15: Financial Statement Analysis
- 43: Financial Statement Analysis: Overview
- 44: Financial Statement Analysis: Ratios

Course Requirements

All of our courses are scored on a 1,000 point scale. You must accumulate a total of 700 points in the course to pass the course. Below is the breakdown of how points are allocated:

Study Questions300 points
Graded Exam #1100 points
Midterm Exam200 points
Graded Exam #2100 points
Final Exam300 points

For additional details on the assignments, exams, and retake policies, check the syllabus for this course (link provided near the top of this page).

Exam Proctoring

The Final Exam for this course is administered in conjunction with a 3rd party online proctoring service, PSI Services' RPNow. RPNow proctoring allows you to take the exam on a desktop or laptop computer from anywhere you have internet access at any time, no scheduling required.

Proctoring costs $15 (paid directly to PSI Services at the time of the exam) and is ONLY required for the final exam.

Earning Credit for this Course

This course has been reviewed by ACE Credit and is recommended for 3 Upper-Level credit hours. Upon successful completion of this course, it will be added to your ACE transcript which is then sent to your school to be evaluated for transfer credit.

➡ Link to our ACE National Guide profile

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