COMM 294
UBC
Course Overview
Lessons & Practice
1. Managerial Accounting and the Business Environment
6min2. Cost terms, concepts & classifications
26min- 2.I. Chapter Intro50 sec
2.1.1. Manufacturing Costs5 min2.1.2. Product Costs vs Period Costs57 sec2.1.3. The Cost-Flow and Cost of Goods Manufactured5 min2.1.4. Cost of Goods Manufactured Schedule1 min2.1.5. Example Problem: Cost of Goods Manufactured Schedule6 min2.1.6. Practice Problem: Cost of Goods Manufactured Schedule7 min
3. Job-Order Costing
37min- 3.I. Chapter Intro1 min
3.1.1. What is Job Costing?2 min3.1.2. Applying Manufacturing Overhead2 min3.1.3. Example Problem: Applying Manufacturing Overhead7 min3.1.4. Practice Problem: Applying Manufacturing Overhead3 min3.1.5. Over or Under Applying Overhead3 min3.1.6. Example Problem: Adjusting Manufacturing Overhead6 min3.1.7. Practice Problem: Job-Order Costing12 min
4. Activity Based Costing
23min- 4.I. Chapter Intro50 sec
4.1.1. What is Activity-Based Costing?3 min4.1.2. Value-Added vs Non-Value Added Activities1 min4.1.3. Activity-Level Groups4.1.4. Example Problem: Activity-Based Costing8 min4.1.5. Traditional Costing1 min4.1.6. Example Problem: Traditional Costing5 min4.1.7. Practice Question: ABC & Traditional Costing4 min
5. Budgeting
2hr- 5.I. Chapter Intro54 sec
5.1.1. Types of Budgets4 min5.1.2. Flexible vs Static Budget10 min5.1.3. Example: Preparing a Flexible Budget9 min5.1.4. Example: Preparing a Flexible Budget Performance Report7 min5.1.5. Example: Preparing a Comprehensive Budget Performance Report5 min5.1.6. Practice: Comprehensive Budget Performance5 min
5.2.1. Manufacturing and Merchandising Budgets2 min5.2.2. The Sales Budget and Collection Schedule2 min5.2.3. Example: Sales Budget and Collection Schedule7 min5.2.4. The Production Budget3 min5.2.5. Example: Production Budget5 min5.2.6. Direct Materials Purchasing Budget and Payment Schedule2 min5.2.7. Example: Direct Materials Purchasing Budget and Payment Schedule10 min5.2.8. Direct Labour and Manufacturing Overhead Budgets2 min5.2.9. Example: Direct Labour and Manufacturing Overhead Budget8 min5.2.10. Selling and Administrative Budget33 sec5.2.11. Example: Selling and Administrative Budget4 min5.2.12. The Cash Budget2 min5.2.13. Example: Cash Budget18 min5.2.14. Practice: Manufacturing Company
5.3.1. Manufacturing and Merchandising Budgets5.3.2. Inventory Purchasing Budget and Payment Schedule1 min5.3.3. Example: Purchasing Budget and Payment Schedule6 min5.3.4. Budgeted Income Statement and Balance Sheet5.3.5. Example: Collection Schedule and Cash Budget9 min5.3.6. Example: Budgeted Income Statement5.3.7. Example: Budgeted Balance Sheet5.3.8. Practice: Merchandising Company
6. Cost-Volume-Profit Analysis
1.1hr- 6.I. Chapter Intro49 sec
6.1.1. The Contribution Margin2 min6.1.2. Break-Even Point1 min6.1.3. Example Problem: Break-Even Point7 min6.1.4. Target Profit2 min6.1.5. Example Problem: Target Profit7 min6.1.6. Practice Problem: Break-Even Point and Target Profit8 min6.1.7. Margin of Safety1 min6.1.8. Example Problem: Margin of Safety5 min6.1.9. Practice Problem: Margin of Safety5 min6.1.10. Operating Leverage2 min6.1.11. Example Problem: Operating Leverage3 min6.1.12. Practice Problem: Operating Leverage3 min
7. Standard Costing & Variance Analysis
17min8. Variable vs Absorption Costing
24min9. Reporting for Control
12min10. Transfer Pricing
24min11. Incremental Analysis
44min- 11.I. Chapter Intro1 min
11.1.1. What is Incremental Analysis2 min11.1.2. Special Orders1 min11.1.3. Example Problem: Special Order6 min11.1.4. Practice Question: Special Order3 min11.1.5. Make or Buy2 min11.1.6. Practice Question: Make or Buy5 min11.1.7. Example Problem: Make or Buy2 min11.1.8. Sell or Process Further3 min11.1.9. Example: Sell or Process Further2 min11.1.10. Practice: Sell or Process Further4 min11.1.11. Allocating Limited Resources2 min11.1.12. Example: Allocating Limited Resources7 min11.1.13. Practice: Allocating Limited Resources4 min
