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Introduction To Management Accounting

In this course, individuals are introduced to the principles and processes of cost accounting for goods, services and activities.

Created byAlain Lessard
BeginnerUpdated Apr 12, 2021
Introduction To Management Accounting

About This Course

In this course, individuals are introduced to the principles and processes of cost accounting for goods, services and activities. They learn how to do the following: collect and analyze information related to the elements of cost, calculate and breakdown costs, calculate and interpret variances from budgeted costs, record operations related to the job costing and process costing, and present cost information in financial statements and other financial reports. They will also develop operating budgets, cash budgets and forecasted financial statements, and learn to monitor and keep control over these budgets. Overall, students in this course learn how to use cost accounting-generated data and information to make sound, efficient and timely management decisions.

Course Content

1 activity • 10 videos • duration: 1h 51m

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Section 110 videos • 1 quiz • 1.9 hours
  • videocamIntroduction
    Duration 2:45
  • videocamMerchandising vs Manufacturing
    Duration 5:05
  • videocamType of cost
    Duration 7:12
  • videocamJob order costing
    Duration 10:35
  • videocamProcess costing
    Duration 12:37
  • videocamAnalysis
    Duration 10:32
  • videocamActivity based costing
    Duration 11:02
  • videocamStandard cost
    Duration 10:59
  • videocamBudget
    Duration 27:46
  • videocamShort-term decision making
    Duration 13:16
  • quizIntroduction to Management accounting Quiz

Your Instructor

Alain Lessard

menu_book1 courses
star46 reviews

Canadian CPA With experience in finance for manufacturing organizations and experiences in teaching for higher education

Credit Information

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

4.5 out of 5
Student's Choice
46 reviews
  • NM
    Normand M.
    starstarstarstarstar

    This is a very good refresher of all the basic management accounting concepts. For CPAs who are mainly focused on financial accounting, this is a good review of basic concepts in managerial accounting. Monsieur Lessard covers a lot of ground in two hours so the presentation is a bit rushed but, overall, I found this course to be very useful.

  • KP
    Kelly P.
    starstarstarstarstar

    great course

  • BK
    Bri K.
    starstarstarstarstar

    yes informative but mentined USD not £ sterling

  • JL
    John L.
    starstarstarstarstar

    Great content and presentation. Thx.

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.

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