This free managerial accounting course covers cost concepts, cost volume profit analysis, capital budgeting, variance analysis, variable costing among others. Also, the course covers 20 to 30 % of the Business Environments Concepts (BEC) exam of the CPA exam as well as 30 to 40% of the CMA exam.
The following topics are covered in this section in this course:

Chapter 1
Overview of Managerial Accounting (4 lessons).
Topics coveredManagerial Accounting Versus Managerial Accounting, Planning, Controlling and Decision Making, IMA statement of Ethical Professional, Corporate Governance.

Chapter 2
Managerial Accounting and Cost Concepts (7 lessons).
Topics coveredDirect Cost Versus Indirect Cost, Product Cost, Period Cost, Variable Cost, Fixed Cost, Mixed Cost, High Low Method, ScatterGraph, Traditional Versus Contribution Income Statement, Opportunity Cost, Sunk Cost, Regression Analysis.

Chapter 3
JobOrder Costing (5 lessons).
Topics coveredIntroduction to Job Order Costing, Predetermined Overhead Rate, POHR, Cost Flow in Job Order Costing with journal Entries, Schedule of Cost of Goods manufactured, Underapplied and Overapplied Overhad.

Chapter 4
Process Costing (lessons).
Topics coveredIntroduction to Process Costing, Example, FIFO Process Costing.

Chapter 5
Cost Volume Profit Analysis (8 lessons).
Topics coveredCost Volume Profit analysis, Cost Volume Profit analysis CVP Graph, Contribution Margin Ratio, Application of Cost Volume Profit Application, BreakEven Point, Target Profit, Margin of safety, Operating leverage, BreakEven for MultiProduct.

Chapter 6
Variable Costing and Segment Reporting (3 lessons).
Topics coveredAbsorption Costing and Variable Costing, Segmented Income Statement Traceable and Common Fixed Cost, CompanyWide and Segment BreakEven

Chapter 8
Master Budgeting (2 lessons).
Topics coveredMaster Budget, Master Budget Schedule.

Chapter 9
Flexible Budget and Performance Analysis (1 lesson).
Topics coveredFlexible Budget and Performance Analysis

Chapter 10
Standard Costs and Variances (2 lessons).
Topics coveredVariance analysis, Standard Costing.

Chapter 11
Performance Measurement in Decentralized Organizations (3 lessons).
Topics coveredDecentralization, Return on investment ROI, Residual Income.

Chapter 12
Differential Analysis: The Key to Decision Making (6 lessons).
Topics coveredRelevant and Irrelevant Cost, Add or Drop a Segment, Make or Buy Analysis, Special Order, Utilization of a Constrained Resource, Sell or process Further.

Chapter 13
Capital Budgeting Decisions (6 lessons).
Topics coveredTime Value of Money, Net Present Value NPV Capital Budgeting, Internal Rate of Return IRR Capital Budgeting, Payback Period for Capital Budgeting, Simple Rate of Return for Capital Budgeting, Cash Flow Preference Decisions for Capital Budgeting.