Managerial Accounting: Understanding the Nature of Your Costs

Managers make business decision on behalf of their shareholders to maximize the business output. These decisions are best made with the help of the company’s financial data. An understanding of managerial accounting helps you figure out how much a product costs, analyze when your company breaks even, and budget for expenses and future growth. In this course, we will cover all the fundamentals, including costs and cost behaviors, cost-volume-profit (CVP) relationships, cost flows, standard costing and activity-based costing, and budgeting.