This course will prepare you to step into a leadership role by teaching you the requisite skills to oversee others, develop strategies to maximize profits, identify responsibility centers, and evaluate team performance based on measurable goals. You will learn how to perform a cost analysis in relation to cost behaviors, calculate and represent break-even points, as well as job-and-activity-based costing, and apply sound accounting principles to evaluate financial statements, income taxes, and pensions.
In Unit 1 you will learn to apply accounting principles to multiple step quantitative problems involving the analysis of financial statements, income taxes and pensions. You will be provided a framework for reporting taxes and minimizing potential challenges through the use of financial statements. At the end of this unit you will create a corporate pension plan using data provided.
In Unit 2 you will learn to apply the principles of responsibility centers to multiple step conceptual and quantitative problems focused on the evaluation of center managers and the financial responsibility they assume. You will conclude this unit with an assignment requiring you to determine the appropriate balance of inventory and costs, in addition to explaining the concept of re-engineering within the context of activity-based management as it pertains to the case study provided.
In Unit 3, you will learn to apply principles of standard costing to multi-step conceptual and quantitative problems.Additionally, you will be shown how to identify the relationships between activities and overhead costs in multi-step conceptual and quantitative problems. You will conclude this unit with a case study requiring you to determine opportunity costs, variable costs, and the minimum transfer price per unit.
