Udemy

Platform

English

Language

Management

Category

Flexible Budgets, Standard Costs, & Variance Analysis

Managerial & cost accounting tools - Variance analysis, standard costs, & flexible budgets for better business decisions

4.15 (167 reviews)

39087

Students

8 hours

Content

Jun 2019

Last Update
$109.99
Regular Price


What you will learn

Managerial & cost accounting tools

Describe general managerial accounting topics

Prepare and explain the benefits of a flexible budget

Define and describe standard costs and cost variance analysis

Discuss the benefits of sales variance analysis and how to calculate it

Explain the reasons for materials variance analysis and how to calculate it

Express the pros of direct labor variance analysis and describe how to calculate it

Describe the benefits of overhead variance analysis and how to use it


Description

Managerial & cost accounting tools

The course will introduce managerial accounting topics that will be used throughout the course, contrasting managerial accounting to financial accounting so that we are in the correct mindset as we move forward.

We will discuss flexible budgets, contrasting flexible budgets with static or fixed budgets, demonstrating the benefits of flexible budgets and how they can be used. We will work example problems related to flexible budgets and provide step by step instructional videos to apply the concepts.

The course will define and analyze standard costs and cost variance analysis, giving an overview of cost variance analysis concepts that we will go into more detail on in later sections.

We will explain sales variance analysis, discussing when it can be used, and how to calculate sales variances. We will provide example problems and step by step instructional videos so we can apply what we learn.

The course will cover direct materials variance analysis, showing what it is, how to use it, and how to calculate direct materials variance analysis. We will demonstrate the concepts listed using instructional videos and using example problems along with step by step instructional videos to complete them.

We will discuss direct labor variance analysis, demonstrating what it is, and how direct labor variance analyst is used. We will demonstrate the concepts with instructional videos and provide example problems and step by step instructional videos to complete them.

The course will discuss overhead variance analysis. We will describe why it is used and how to calculate overhead variance analysis. We will provide demonstration presentations and example problems with step by step instructional videos to help complete them.

We will also include a comprehensive problem on overhead variance and a comprehensive problem on variance analysis. The comprehensive problems will provide preformatted Excel worksheets that we can fill out along with step by step instructional videos. The Excel worksheets will generally have two or three tabs, one tab having the completed problem, the second tab having a preformatted Excel worksheet to work through the problem in a step by step format with instructional videos, and the third tab with a blank sheet that we can use to format our own Excel worksheet.



Screenshots

Flexible Budgets, Standard Costs, & Variance Analysis
Flexible Budgets, Standard Costs, & Variance Analysis
Flexible Budgets, Standard Costs, & Variance Analysis
Flexible Budgets, Standard Costs, & Variance Analysis

Content

Introduction

Introduction

PDF - 150 Budgetary Controls and Reporting

150 Budgetary Controls and Reporting

PDF - 160 Budget Options

160 Budget Options

Multiple Choice Questions 1

Accounting Comic

Managerial Accounting Review

2 Managerial Accounting Overview

PDF - 10 Managerial Accounting Introduction

10 Managerial Accounting Introduction

PDF - 20 Cost Classifications

20 Cost Classifications

PDF - 30 Product Costs & Period Costs.ENCODING

30 Product Costs & Period Costs.ENCODING

PDF - 40 Prime Costs & Conversion Costs

40 Prime Costs & Conversion Costs

PDF - 50 Manufacturer's Balance Sheet

50 Manufacturer's Balance Sheet

PDF - 60 Manufacturer's Income Statement

60 Manufacturer's Income Statement

PDF - 70 Manufacturing Activities Flow

70 Manufacturing Activities Flow

PDF - 80 Just In Time (JIT) Manufacturing

80 Just In Time (JIT) Manufacturing

Multiple Choice Questions 2

Accounting Comic

Flexible Budget

3 Flexible Budget

PDF - 170 Flexible Budget Benefits

170 Flexible Budget Benefits

PDF - 175 Flexible Budget

175 Flexible Budget

Download Backup Files

Worksheet - 175 Flexible Budget

177 Flexible Budget Compared To Actual

Excel Worksheet Download

Worksheet - 177 Flexible budget compared to actual part 1

Worksheet - 178 Flexible budget compared to actual part 2

Multiple Choice Questions 3

Accounting Comic

Standard Costs & Cost Variance Analysis Overview

4 Standard Costs & Cost Variance Analysis Overview

PDF - 180 Standard Costs

180 Standard Costs

PDF - 190 Cost Variance Analysis

190 Cost Variance Analysis

Multiple Choice Questions 4

Accounting Comic

Sales Variance Analysis

5 Sales Variance Analysis

PDF - 195 Sales Price & Volume Variance

195 Sales Price & Volume Variance

Excel Download

Worksheet - 195 Sales Price & Volume Variance

Multiple Choice Questions 5

Accounting Comic

Direct Materials Variance Analysis

6 Direct Materials Variance Analysis

PDF - 196 Variance Analysis Direct Material Price Variance & Quantity Variance

196 Variance Analysis Direct Material Price Variance & Quantity Variance

Excel Worksheet Download

Worksheet - 196 Variance analysis part 1 direct materials price and quantity var

Multiple Choice Questions 6

Accounting Comic

Direct Labor Variance Analysis

7 Direct Labor Variance Analysis

PDF - 200 Variance Analysis Direct Labor Rate Variance & Efficiency Variance 230

200 Variance Analysis Direct Labor Rate Variance & Efficiency Variance 2300

Excel Worksheet Download

Worksheet - 200 Variance analysis Part 2 direct labor rate and efficiency

Multiple Choice Questions 7

Accounting Comic

Overhead Variance Analysis

8 Overhead Variance Analysis

PDF - 310 Overhead Cost Variances

310 Overhead Cost Variances

Excel Worksheet Download

Worksheet - 310 Overhead Controllable Variance & Volume Variance

Excel Worksheet Download

Worksheet - 312 Overhead Spending & Efficiency Variance

Multiple Choice Questions 8

Multiple Choice Questions 9

Short Calculation Questions

Accounting Comic

Overhead Variance Comprehensive Problem

9 Overhead Variance Comprehensive Problem

Excel Worksheet Download

Worksheet - 400 overhead Variance Comp

Accounting Comic

Comprehensive Problem

10 Comprehensive Problem

Excel Worksheet Download

Comp Prob 1 Data

Comp Prob 2 Flexible Overhead Budgets

Comp Prob 3 Direct materials cost variance

Comp Prob 4 Direct labor cost variance

Comp Prob 5 Overhead Variance Report

Multiple Choice Questions 10

Accounting Comic



Reviews

N
Nouran30 January 2021

there were very helpful thing that the video have such like a lyrics that helps to understand more than you could to the people whom the mother language not the English language ,and the presentation was so easy and nice to one have notice before about budgets and accounting in general . thanks .

W
William23 July 2020

Excellent course. Instructor did a fantastic job presenting information in an easily understood format.

R
Rechal20 June 2020

This course is for a school student, there is no practical exposure and its only a basic of standard costing. As per the description of the course, the content need to be of very high standard compared to what it is. Unnecessary, the number of slides have been increased in course by putting comic joke or pdf separate slide to download. This course is not at all for practical knowledge as even the practical problem considered is of a very basic level.

M
Mahdi22 April 2020

The course is excellent, the teacher explains well, and scientific resources are available such as PDF books and an Excel file for hands-on training. Thanks to the teacher and thank you for your great educational website.

D
Dr.18 April 2020

It is nicely composed, ordered and connected with content explanation. Content is systematically with practical problems. Thanks

B
Bouchoucha8 April 2020

un trés long court car il'a beaucoup de répition dans le contenu j'ai vraiment 20% de valeau ajouté . a very long course because the narrateur repeat word for unusless causes ,i had 20% if additive value

I
Islam27 March 2020

now i am responsible for preparing budget for this year and i want to,learn how i make it and how i can achieve the budget

O
Onyeka27 March 2020

Well structure course I love, very simple to understand but I can assess the discussed questions, that part need to be look into.



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2342436

Udemy ID

4/28/2019

Course created date

8/25/2019

Course Indexed date
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