Managerial Accounting

What you'll learn

• Explain core managerial accounting concepts and cost classifications
• Prepare and manage operating and flexible budgets for planning and control
• Apply costing methods (job, process, activity-based) to determine product and service costs
• Use relevant cost analysis for short-term decision-making (make vs. buy, pricing, product mix)
• Measure and evaluate performance using variance analysis and nonfinancial metrics
• Analyze financial statements to support managerial decisions and forecasting
• Optimize working capital through cash, receivables, and inventory management techniques
• Design risk management practices and internal controls to protect assets and ensure reliability
• Integrate strategic management accounting to align accounting data with long-term strategy
• Assess ethical issues and leverage technology (ERP, analytics) to improve managerial accounting processes

Prerequisites

Basic financial accounting knowledge and comfort with spreadsheets (Excel) are recommended; no advanced prerequisites required.

Skills you'll gain

• Cost accounting
• Budgeting and forecasting
• Variance analysis
• Financial statement analysis
• Managerial decision-making
• Performance measurement
• Working capital management
• Internal controls and risk management
• Strategic management accounting
• Accounting data analytics