RSM222H1

U of T

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

6. Alternative Costing Methods

56min

6.1.1. Absorption and Variable Costing2 min

6.1.2. Income Statements4 min

6.1.3. Example6 min

6.1.4. Example5 min

6.1.5. Practice3 min

6.1.6. Practice5 min

6.2.1. Normal-Absorption Costing3 min

6.2.2. Example10 min

6.2.3. Practice8 min

6.3.1. Throughput Costing2 min

6.3.2. Example3 min

6.3.3. Practice6 min

7. Budgeting

2.2hr

7.1.1. Types of Budgets4 min

7.2.1. Flexible vs Static Budget10 min

7.2.2. Example9 min

7.2.3. Example7 min

7.2.4. Example5 min

7.2.5. Practice5 min

7.3.1. Manufacturing and Merchandising Budgets2 min

7.3.2. The Sales Budget and Collection Schedule2 min

7.3.3. Example7 min

7.3.4. The Production Budget3 min

7.3.5. Example5 min

7.3.6. Direct Materials Purchasing Budget and Payment Schedule2 min

7.3.7. Example10 min

7.3.8. Direct Labour and Manufacturing Overhead Budgets2 min

7.3.9. Example8 min

7.3.10. Selling and Administrative Budget33 sec

7.3.11. Example: Selling and Administrative Budget4 min

7.3.12. The Cash Budget2 min

7.3.13. Practice (Part 1)5 min

7.3.14. Practice (Part 2)4 min

7.3.15. Practice (Part 3)6 min

7.3.16. Practice (Part 4)5 min

7.3.17. Practice (Part 5)2 min

7.3.18. Practice (Part 6)8 min

7.4.1. Inventory Purchasing Budget and Payment Schedule1 min

7.4.2. Example6 min

7.4.3. Practice5 min

8. Reporting for Control

14min

8.1.1. Segments and Costs5 min

8.2.1. Return on Investment46 sec

8.2.2. Example1 min

8.2.3. Practice4 min

8.3.1. Residual Income1 min

8.3.2. Example2 min

8.3.3. Practice27 sec

9. Standard Costing & Variance Analysis

51min

10. Capital Budgeting (*Coming Soon)

11. Financial Statement Analysis (*Coming soon)

I Welcome

Free Activity

Welcome to Wize's Managerial Accounting Course!
This course contains videos that should help you with the concepts you'll learn in RSM 222.

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