Managerial Accounting

University Study Guides

Course Overview

Lessons & Practice

I. Welcome

1. Managerial Accounting and the Business Environment

8min

1.1.1. Managerial vs Financial Accounting3 min

1.1.2. Practice56 sec

1.2.1. Management Functions and Practices1 min

1.2.2. Practice56 sec

1.3.1. Business Process Management1 min

1.3.2. Practice

2. Cost terms, concepts & classifications

45min

2.1.1. Manufacturing Costs52 sec

2.1.2. Direct Material2 min

2.1.3. Direct Labor1 min

2.1.4. Manufacturing Overhead39 sec

2.1.5. Practice56 sec

2.2.1. Product Costs51 sec

2.2.2. Period Costs40 sec

2.2.3. Practice56 sec

2.3.1. Variable vs Fixed vs Mixed Costs4 min

2.3.2. Practice56 sec

2.3.3. High-Low Method1 min

2.3.4. Example2 min

2.3.5. Practice2 min

2.4.1. The Cost Flow1 min

2.4.2. Example2 min

2.4.3. Practice2 min

2.5.1. Work in Process Inventory1 min

2.5.2. Example2 min

2.5.3. Practice2 min

2.5.4. Cost of Goods Manufactured Schedule24 sec

2.5.5. Example3 min

2.5.6. Practice1 min

2.6.1. Finished Goods Inventory57 sec

2.6.2. Example2 min

2.6.3. Practice2 min

2.7.1. The Income Statement1 min

2.7.2. Example3 min

2.7.3. Practice1 min

3. Job-Order Costing

36min

3.1.1. What is Job Costing?2 min

3.2.1. Predetermined Overhead Rate3 min

3.2.2. Example2 min

3.2.3. Example2 min

3.2.4. Practice2 min

3.2.5. Practice1 min

3.3.1. Over- or Under-Applying Manufacturing Overhead1 min

3.3.2. Example1 min

3.3.3. Practice1 min

3.4.1. Adjusting Manufacturing Overhead - COGS Method2 min

3.4.2. Example1 min

3.4.3. Practice2 min

3.5.1. Adjusting Manufacturing Overhead - Proration Method

3.5.2. Example2 min

3.5.3. Practice4 min

3.6.1. Job-order Costing Income Statement

3.6.2. Example4 min

3.6.3. Practice5 min

4. Process Costing

39min

4.1.1. What is Process Costing?3 min

4.2.1. The Weighted-Average Method40 sec

4.2.2. Equivalent Units Using the Weighted Average Method3 min

4.2.3. Example5 min

4.2.4. Example2 min

4.2.5. Example1 min

4.2.6. Practice2 min

4.3.1. Unit Costs and Cost Reconciliation

4.3.2. Example6 min

4.3.3. Practice4 min

4.4.1. First-in, First-out (FIFO)

4.4.2. Equivalent Units Using the FIFO Method

4.4.6. Practice4 min

4.5.1. FIFO Unit Costs and Cost Reconciliation

4.5.2. Example9 min

4.5.3. Practice

5. Activity Based Costing

24min

5.1.1. Traditional Costing1 min

5.1.2. Example Problem: Traditional Costing5 min

5.2.1. What is Activity-Based Costing?3 min

5.2.2. Example8 min

5.2.3. Practice4 min

5.3.1. Value-Added vs Non-Value Added Activities1 min

5.3.2. Practice56 sec

5.4.1. Activity-Level Groups

5.4.2. Practice56 sec

7. Incremental Analysis

1hr

7.1.1. What is Incremental Analysis2 min

7.2.1. Special Orders1 min

7.2.2. Example6 min

7.2.3. Practice3 min

7.3.1. Make or Buy2 min

7.3.2. Example5 min

7.3.3. Practice2 min

7.4.1. Sell or Process Further3 min

7.4.2. Example2 min

7.4.3. Practice4 min

7.5.1. Keep or Replace Equipment53 sec

7.5.2. Example6 min

7.5.3. Practice4 min

7.6.1. Keep or Eliminate Unprofitable Segment2 min

7.6.2. Example2 min

7.6.3. Practice3 min

7.7.1. Allocating Limited Resources2 min

7.7.2. Example7 min

7.7.3. Practice4 min

8. Alternative Costing Methods

56min

8.1.1. Absorption and Variable Costing2 min

8.1.2. Income Statements4 min

8.1.3. Example6 min

8.1.4. Example5 min

8.1.5. Practice3 min

8.1.6. Practice5 min

8.2.1. Normal-Absorption Costing3 min

8.2.2. Example10 min

8.2.3. Practice8 min

8.3.1. Throughput Costing2 min

8.3.2. Example3 min

8.3.3. Practice6 min

9. Pricing

42min

9.1.1. Target Costing1 min

9.1.2. Example2 min

9.1.3. Practice2 min

9.2.1. Cost-Plus Pricing2 min

9.2.2. Example6 min

9.2.3. Practice

9.3.1. Time-and-Material Pricing3 min

9.3.2. Example3 min

9.3.3. Practice36 sec

9.4.1. Transfer Pricing3 min

9.4.2. Example5 min

9.4.3. Example2 min

9.4.4. Example3 min

9.4.5. Practice10 min

10. Budgeting

2.2hr

10.1.1. Types of Budgets4 min

10.2.1. Flexible vs Static Budget10 min

10.2.2. Example9 min

10.2.3. Example7 min

10.2.4. Example5 min

10.2.5. Practice5 min

10.3.1. Manufacturing and Merchandising Budgets2 min

10.3.2. The Sales Budget and Collection Schedule2 min

10.3.3. Example7 min

10.3.4. The Production Budget3 min

10.3.5. Example5 min

10.3.6. Direct Materials Purchasing Budget and Payment Schedule2 min

10.3.7. Example10 min

10.3.8. Direct Labour and Manufacturing Overhead Budgets2 min

10.3.9. Example8 min

10.3.10. Selling and Administrative Budget33 sec

10.3.11. Example: Selling and Administrative Budget4 min

10.3.12. The Cash Budget2 min

10.3.13. Practice (Part 1)5 min

10.3.14. Practice (Part 2)4 min

10.3.15. Practice (Part 3)6 min

10.3.16. Practice (Part 4)5 min

10.3.17. Practice (Part 5)2 min

10.3.18. Practice (Part 6)8 min

10.4.1. Inventory Purchasing Budget and Payment Schedule1 min

10.4.2. Example6 min

10.4.3. Practice5 min

11. Reporting for Control

14min

11.1.1. Segments and Costs5 min

11.2.1. Return on Investment46 sec

11.2.2. Example1 min

11.2.3. Practice4 min

11.3.1. Residual Income1 min

11.3.2. Example2 min

11.3.3. Practice27 sec

12. Standard Costing & Variance Analysis

51min

12.1.1. What are Standard Costs and Variances?2 min

12.2.1. Direct Material Variances3 min

12.2.2. Example3 min

12.2.3. Example3 min

12.2.4. Practice4 min

12.2.5. Practice3 min

12.3.1. Direct Labour Variances3 min

12.3.2. Example4 min

12.3.3. Practice3 min

12.4.1. Variable Overhead Variances1 min

12.4.2. Example5 min

12.4.3. Practice3 min

12.5.1. Fixed Overhead Variances2 min

12.5.2. Example2 min

12.5.3. Practice2 min

12.6.1. Over- or Under-Applied Overhead47 sec

12.6.2. Controllable Overhead Variance23 sec

12.6.3. Total Manufacturing Cost Variance24 sec

12.6.4. Example3 min

12.6.5. Practice3 min

13. Capital Budgeting (*Coming Soon)

14. Financial Statement Analysis (*Coming soon)

I Welcome

Free Activity

Welcome to Managerial Accounting!
Feel free to go through this resource at your own pace
Use the table of contents 📃 on the left to skip to parts you need help with
Watch the video ▶ or read the written lessons 📖
Speed up ⏩ or slow down ⏪ the videos
Use the "Ask a question"❓ feature below each lesson/question any time!

Ask a Question

Upgrade to Wizeprep Plus and get unlimited questions answered.

No one has asked a question yet

Want a tour?