Udemy

Platform

English

Language

Management

Category

Responsibility Accounting & Performance Measurement

Managerial accounting tools of responsibility accounting and other performance measures related to decentralization

4.50 (42 reviews)

22788

Students

7.5 hours

Content

May 2019

Last Update
$94.99
Regular Price


What you will learn

Managerial accounting concepts

Responsibility accounting system and how it can improve performance

How to define and apply direct and indirect expenses

How to allocate indirect expenses using different activity basis

Steps to create a departmental income statement

How to put together a forcasted departmental income statement

How to calculate and interpret return on investment (ROI)


Description

Responsibility accounting & performance measures.

We will describe the concept of decentralization, how it applies to businesses, and the pros and cons of a more decentralized organization from a centralized one.

The course will cover general managerial accounting concepts necessary to study responsibility accounting, comparing and contrasting managerial accounting and financial accounting.

We will explain what a responsibility accounting system looks like and the benefits of a responsibility accounting system.

The course will discuss the categorization of costs between direct costs and indirect costs and why this categorization between direct and indirect is useful for reporting financial data by department.

We will describe the problems with allocating indirect costs to the proper departments and explain various methods for allocating indirect costs.

The course will describe what a departmental income statement is and how to create a departmental income statement.

We will explore what a forecasted departmental income statement is and put together a forecasted departmental income statement.

The course will discuss other performance measures like return on investment (ROI) and a balance scorecard.

We will also complete a comprehensive problem using preformatted Excel worksheets and step by step instructional videos.


Screenshots

Responsibility Accounting & Performance Measurement
Responsibility Accounting & Performance Measurement
Responsibility Accounting & Performance Measurement
Responsibility Accounting & Performance Measurement

Content

Introduction

Introduction

PDF - 150 Decentralization

150 Decentralization

PDF - 155 Performance Evaluation & Department Classifications

155 Performance Evaluation & Department Classifications

Multiple Choice Question 1

Accounting Comic Break

Managerial Accounting Overview

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.

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

Accounting Comic Break

Responsibility Accounting System

3 Responsibility Accounting System

PDF - 160 Controllable vs. Uncontrollable Costs

160 Controllable vs. Uncontrollable Costs

PDF - 170 Responsibility Accounting System

170 Responsibility Accounting System

PDF - 172 Responsibility Accounting Performance Reports

172 Responsibility Accounting Performance Reports

Excel Download

Worksheet - 172 Performance Report

Multiple Choice Question 2

Accounting Comic Break

Direct and Indirect Expenses

4 Direct and Indirect Expenses

PDF - 180 Direct & Indirect Expenses

180 Direct & Indirect Expenses

Multiple Choice Question 3

Accounting Comic Break

Indirect Expenses Allocation

5 Indirect Expenses Allocation

PDF - 190 Indirect Expenses Allocation

190 Indirect Expenses Allocation

PDF - 192 Indirect Expense Allocation

192 Indirect Expense Allocation

Excel Download

Worksheet - 192 Indirect Expense Allocation

PDF - 194 Allocation of Occupancy Costs

194 Allocation of Occupancy Costs

Excel Download

Worksheet - 194 Allocation of Occupancy Costs

Multiple Choice Question 4

Accounting Comic Break

Departmental Income Statements

6 Departmental Income Statements

PDF - 200 Departmental Income Statement Steps

200 Departmental Income Statement Steps

PDF - 210 Example - Departmental Income Statement Steps

210 Example - Departmental Income Statement Steps

Excel Download

Worksheet - 211 Cost Allocations on a Sales Value Basis

Multiple Choice Question 5

Accounting Comic Break

Forecasted Departmental Income Statement

7 Forecasted Departmental Income Statement

PDF - 212 Forecasted Departmental Income Statement

212 Forecasted Departmental Income Statement

Excel Download

Worksheet - 212 Forecasted Departmental Income Statement

Multiple Choice Question 6

Accounting Comic Break

Return on Investment (ROI)

8 Return on Investment (ROI)

PDF - 220 Investment Center Return On Investment (ROI)

220 Investment Center Return On Investment (ROI)

Excel Download

Worksheet - 220 Investment Center Return On Investment (ROI)

Multiple Choice Question 7

Multiple Choice Question 8

Short Calculation 1

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Balance Scorecard

9 Balance Scorecard

PDF - 250 Balance Scorecard

250 Balance Scorecard

Multiple Choice Question 9

Multiple Choice Question 10

Short Calculation 2

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Comprehensive Problem

10 Comprehensive Problem

Excel Download

Worksheet - 210 Comp Expense Allocation to Department

Multiple Choice Question 11

Accounting Comic Break



Reviews

L
Luis29 March 2021

Un excelente curso que recorre desde lo básico de costos hasta los prorrateos finales con ejemplos claros y sencillos por departamentos, una excelente explicacion de los conceptos y en general un muy buen curso

A
Ashraf23 November 2019

A good coaching with much elaboration. Anybody can follow and understand. There are lot of unnecessary detailing. It is not a regular class coaching. Saved time can be used for adding more MCQs.

A
Anoar5 September 2019

I like the way you teach every part of this topic. I should recommended to everyone who is need to upgrade or clear understand about responsibility accounting & performance measurement. One things is that your delivery of speech about the topic quite impressive.



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2352930

Udemy ID

5/5/2019

Course created date

8/25/2019

Course Indexed date
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