Accounting for Managers (Currently Unavailable)

Author: Steven Bragg

Accounting for Managers describes how accounting transactions are compiled into financial statements and how information about company performance can be extracted from those statements. The course also discusses a number of accounting-based decision tools and how they can be used to improve upon business decisions in many areas.

Publication Date: January 2014

Learning Objectives

• List the types of accounting transactions and where they are recorded, as well as the roles of the controller and chief financial officer.
• Distinguish between the different accounting principles and sub-ledger types, as well as the structure of the general ledger.
• Identify the types of financial statements and their reporting formats.
• State the types of ratio analysis used to interpret the financial statements.
• Identify the uses to which different account code structures can be put, and the different types of responsibility centers.
• Recognize the proper accounting for loss contingencies, compensated absences, research and development, and acquired software.
• Identify how the contribution margin, breakeven levels, and margin of safety can be calculated, and how they are used.
• Identify the criteria for designating a person as an employee, as well as the penalties associated with payroll tax underpayment.
• State the nature of the analysis methods used to examine possible investments.
• Recognize the features of the various acquisition structures and the benefits to be gained from each one.
• Identify the limitations of direct cost analysis and the components of an activity-based costing analysis.
• List the activities that can be pursued to achieve a target cost when designing a new product.
• State the main features of a system of constraint analysis.
• Recognize the methods used to derive estimates for a budget, as well as the impact of operational changes on a budget.
• Identify the factors that can trigger different types of variances from the expected amounts.

Level
Overview

Instructional Method
Self-Study

NASBA Field of Study
Accounting (17 hours)

Program Prerequisites
None

Advance Preparation
None