Managerial Accounting Fundamentals

The Darden School of Business at Virginia developed this course and its top-ranked faculty will guide you through the basics of managerial accounting. They will also teach you how to navigate financial and other information that managers need to make informed decisions. Learn about cost behavior, cost allocation systems, cost-volume-profit analysis, as well as how to determine whether benefits and costs are relevant to your decisions.

This course will help you: - Describe the different costs and how they are presented graphically; - Perform cost-volume-profit analyses to answer the questions about breaking even and generating profits; - Calculate overhead rates in both activity-based and traditional cost allocation systems. - Separate relevant costs from irrelevant costs and benefits for a management decision. - Decide a reasonable course for action given the financial consequences for that decision.