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Managerial Accounting

Managerial accounting, or management accounting, focuses on providing information to be used by internal users – the management.

This branch deals with the needs of the management rather than strict compliance with generally accepted accounting principles.

Managerial accounting involves business planning, budgeting, financial analysis, cost management, financial decision-making, performance evaluation, and similar areas.

In this section, you will find lessons and tutorials of various managerial accounting topics.

Introduction to Managerial Accounting

What is Managerial Accounting; Managerial versus Financial Accounting; Standards of Ethical Conduct for Management Accountants

Cost Concept and Classifications

Types of Costs; Manufacturing and Non-manufacturing Costs; Direct and Indirect Costs; Product and Period Costs; Controllable and Uncontrollable Costs; Prime and Conversion Costs; Product Costing Systems

Cost Behavior and Analysis

Fixed and Variable Costs; High-Low Method; Scatter Graph Method; Least Squares Method (Regression)

Cost-Volume-Profit (CVP) Analysis

CVP Analysis Assumptions; Concepts of Contribution Margin; Break-Even Analysis; Target Profit; Margin of Safety; Degree of Operating Leverage; Multi-Product Break-Even Analysis; Variable and Absorption Costing

Pricing Decisions 

Pricing Strategy; Cost-Based Pricing; Value-Based Pricing; Competition-Based Pricing; Penetration Pricing and Price Skimmin

Relevant Costing

Relevant and Irrelevant Costs; Types of Non-Routine Decisions; Accept or Reject a Special Order; Make or Buy Decision; Sell or Process Further; Add or Drop a Product Line; Product Combination

Responsibility Accounting

What is Responsibility Accounting; Decentralization; Cost Variance Analysis; Segment Margin Analysis; Performance Evaluation; Transfer Pricing

Standard Costing and Variance Analysis

What is Standard Costing?; Standard Costs; Direct Materials Variance; Direct Labor Variance; Factory Overhead Variance; Two-Way Analysis of Factory Overhead; Three-Way Analysis of Factory Overhead

Financial Ratio Analysis

List of financial ratios, formula and explanation


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This post was created by Adeyinka Adeniji on November 28, 2015.