In this course, you will explore how to use accounting to allocate resources and incentivize manager and employee behaviors in using these resources. You will also learn how financial and non-financial accounting information facilitates strategic performance measurement and how to integrate this information to continuously improve strategy.
Upon successful completion of this course, you will be able to:
• Understand the role of managerial accounting information in common business decisions
• Differentiate relevant and irrelevant information
• Avoid common pitfalls in business decisions
• Prepare a master budget and its key components
• Describe the iterative and interrelated nature of budgeting
• Evaluate capital investments via a variety of measures
• Understand how upper management uses variance analysis
• Calculate, interpret, and investigate variances
• Understand decentralization and its advantages and disadvantages
• Compute and interpret financial performance measures
• Communicate the role of non-financial measures and strategic performance measurement systems
• Identify issues associated with performance measurement and incentives
• Understand the nature and role of subjective performance evaluation
This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.
Dieser Kurs ist Teil der Spezialisierung Spezialisierung Value Chain Management
Managerial Accounting: Tools for Facilitating and Guiding Business Decisions
4.7
(308 ratings)
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von
Über diesen Kurs
11,036
11,036Kompetenzen, die Sie erwerben
AccountingCostInvestmentAnalysis Of Variance (ANOVA)
Lehrplan - Was Sie in diesem Kurs lernen werden
Woche
17 Stunden zum Abschließen
Course Overview and Relevant Information for Decision Making
In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. Decisions are at the heart of all organizations. In this module, you will also explore the nature and role of relevant information in common business decisions, and how such information facilitates these decisions and helps managers and employees avoid common pitfalls. You will also consider how the financial perspective adopted by accountants complements other, qualitative perspectives.
18 Videos (Gesamt 55 min), 8 Lektüren, 7 Quiz
18 Videos
Fundamental Concepts2m
Sunk Costs3m
Opportunity Costs3m
Common Mistakes2m
What We've Learned in Lesson 1.144
Learning Objectives and Overview1m
Keep or Drop a Product Line6m
Make or Buy8m
Replace or Retain Equipment6m
Additional Considerations2m
What We've Learned in Lesson 1.237
Learning Objectives and Overview1m
Sell "As-Is" or Process Further4m
Accepting a Special Order7m
What We've Learned in Lesson 1.340
Module 1 Review39
Like this course? Learn more with the iMBA! (Optional)1m
8 Lektüren
Syllabus10m
About this Course: Ratings and Reviews10m
About the Discussion Forums10m
Glossary10m
Social Media10m
Getting to Know Your Classmates10m
Module 1 Overview10m
Module 1 Readings20m
6 praktische Übungen
Orientation Quiz10m
Lesson 1.1 Practice Quiz10m
Lesson 1.2 Practice Quiz10m
Lesson 1.3 Practice Quiz6m
Module 1 - Conceptual Quiz20m
Module 1 - Quantitative Analysis Quiz10m
Woche
25 Stunden zum Abschließen
Budgeting for Planning and Control
At the heart of an organization’s planning and control function is its budget. In this module, you will explore the purpose of budgeting, the role of managers and employees in budgeting, and related implications. You will also develop an organization’s budget, ultimately understanding the iterative nature among the budget’s key components: the operations, financing, and capital investments budgets.
25 Videos (Gesamt 84 min), 2 Lektüren, 6 Quiz
25 Videos
Basic Terminology4m
Implications2m
What We've Learned in Lesson 2.139
Master Budget Overview1m
Sales Budget2m
Production Budget4m
Component Budgets11m
Budgeted Income Statement3m
What We've Learned in Lesson 2.256
Financing Budget Overview1m
Cash Budget - 13m
Cash Budget - 24m
Cash Budget - 36m
Extending the Example2m
What We've Learned in Lesson 2.337
Capital Budgeting Overview1m
Example Scenario4m
Payback4m
Accounting Rate of Return3m
Time Horizon and Implications4m
Discounted Cash Flow and Net Present Value7m
Internal Rate of Return5m
What We've Learned in Lesson 2.446
Module 2 Review46
2 Lektüren
Module 2 Overview10m
Module 2 Readings
6 praktische Übungen
Lesson 2.1 Practice Quiz6m
Lesson 2.2 Practice Quiz8m
Lesson 2.3 Practice Quiz6m
Lesson 2.4 Practice Quiz8m
Module 2 - Conceptual Quiz20m
Module 2 - Quantitative Analysis Quiz10m
Woche
36 Stunden zum Abschließen
Standard Costing and Variance Analysis
After establishing goals, setting targets, and the budget, upper management uses variance analysis to compare, assess, and investigate differences between actual and expected performance. In this module, you will learn how upper management uses variance analysis to motivate and monitor managers and employees, how to perform variance analysis on any aspect of the organization, and ultimately understand the power of this important tool for planning and control.
13 Videos (Gesamt 78 min), 2 Lektüren, 6 Quiz
13 Videos
Cost Variance Classification and General Framework10m
Causes of Variances5m
An Example Scenario and Direct Materials Variances10m
Direct Labor Variances7m
Variable Overhead Variances3m
Fixed Cost Variances7m
Production Volume Variances5m
What We've Learned in Lesson 3.21m
Fundamentals and General Framework6m
An Example Scenario11m
What We've Learned in Lesson 3.340
Module 3 Review53
2 Lektüren
Module 3 Overview10m
Module 3 Readings
5 praktische Übungen
Lesson 3.1 Practice Quiz8m
Lesson 3.2 Practice Quiz8m
Lesson 3.3 Practice Quiz6m
Module 3 - Conceptual Quiz16m
Module 3 - Quantitative Analysis Quiz10m
Woche
42 Stunden zum Abschließen
Performance Measurement and Evaluation
Accountants help implement, communicate, and evolve organizational strategy via the information they provide to owners, managers, and employees. Specifically, they help plan, monitor, and control decisions via the performance measurement, evaluation, and compensation system. In this module, you will explore many aspects of this important system, including decentralization, financial and non-financial performance measurement, strategic performance measurement systems, and subjective performance evaluation.
13 Videos (Gesamt 62 min), 2 Lektüren, 4 Quiz
13 Videos
What We've Learned in Lesson 4.154
Why is Financial Performance Measurement Important?4m
Return on Investment4m
The Underinvestment Problem8m
Residual Income6m
What We've Learned in Lesson 4.253
Non-Financial Measures4m
Strategic Performance Measurement Systems8m
Performance Measurement Issues7m
Subjective Performance Evaluation4m
What We've Learned in Lesson 4.31m
Module 4 Review49
2 Lektüren
Module 4 Overview10m
Module 4 Readings10m
4 praktische Übungen
Lesson 4.1 Practice Quiz6m
Lesson 4.2 Practice Quiz8m
Lesson 4.3 Practice Quiz8m
Module 4 Quiz24m
33%
nahm einen neuen Beruf nach Abschluss dieser Kurse auf
25%
ziehen Sie für Ihren Beruf greifbaren Nutzen aus diesem Kurs
Top-Bewertungen
Enjoyed this course as part of the Online MBA from UIUC. The concepts are solidly explained with examples and plenty of practice exams that you can re-take unlimited times to test your understanding.
Great course and great professor. I learned exactly what I hoped to learn and more. The professor is very clear in explaining and provides easy to follow examples that drive home the concepts.
Dozent
Gary Hecht, Ph.D.
Associate Professor of AccountancyDepartment of Accountancy, College of Business
Beginnen Sie damit, auf Ihren Master-Abschluss hinzuarbeiten.
This Kurs is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign.
If you are admitted to the full program, your courses count towards your degree learning.
Über University of Illinois at Urbana-Champaign
The University of Illinois at Urbana-Champaign is a world leader in research, teaching and public engagement, distinguished by the breadth of its programs, broad academic excellence, and internationally renowned faculty and alumni. Illinois serves the world by creating knowledge, preparing students for lives of impact, and finding solutions to critical societal needs.
Über die Spezialisierung Value Chain Management
The purpose of organizations is to produce and deliver goods and services of value to customers while generating a surplus for owners. Value chain management focuses on understanding what different customers value, measuring inputs and outputs to assess value, and generating higher value for customers and greater surplus for organizations.
In this Specialization, you will gain competencies that are critical for managers in any functional area. You will learn to create, model, analyze, and maximize value in accounting, operations, and marketing.
This Specialization is part of the University of Illinois iMBA Program. Each course fulfills a portion of the requirements for a University of Illinois course that can earn you college credit.
When you complete the Value Chain Management Specialization, you will:
· Understand how to apply a financial perspective of accounting for costs, understand how financial and non-financial accounting information facilitates strategic performance measurement, and integrate this information to continuously improve strategy.
· Understand the role of operations management and process improvement, synthesize information to make decisions for organizational initiatives, and apply analytical techniques for tactical operations and process improvement decisions.
· Understand how marketing works in the business world and how various marketing elements interact to create value for consumers and ultimately maximize value for your organization.
Häufig gestellte Fragen
Wann erhalte ich Zugang zu den Vorträgen und Aufgaben?
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Was bekomme ich, wenn ich diese Spezialisierung abonniere?
Wenn Sie sich für den Kurs anmelden, erhalten Sie Zugriff auf alle Kurse der Spezialisierung und Sie erhalten nach Abschluss aller Arbeiten ein Zertifikat. Ihr elektronisches Zertifikat wird zu Ihrer Seite „Errungenschaften“ hinzugefügt – von dort können Sie Ihr Zertifikat ausdrucken oder es zu Ihrem LinkedIn Profil hinzufügen. Wenn Sie nur lesen und den Inhalt des Kurses anzeigen möchten, können Sie kostenlos als Gast an dem Kurs teilnehmen.
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