Understanding Standard Costs, Budgets, and Variance Analysis
Accounting often referred to as the “language of business.” Whether you are going into management or actually going to be an accountant, you need to be familiar with the basics of accounting. This includes understanding the concepts of debits and credits, assets and liabilities, revenues and expenses, dividends and equity. From an investor’s perspective, the business results are communicated through the financial statements, including the income statement, statement of owner’s equity, balance sheet and statement of cash flow. These are all discussed in this course!
This course is for those students who have not had much (or any) experience in accounting and are looking to enhance their understanding of it, to either help pass a course or to enhance your business career. It is for anyone who may have felt lost in prior accounting courses and wants real life examples and a down to earth explanation, rather than something read word for word out of a textbook. Is this you? Then you are in the right place!
This course is taught by an instructor with over 20 years of training experience, including corporate training, face to face instruction, and online course development. In addition to the lectures and study material common to many other courses, this course also has a downloadable textbook/study note file, along with downloadable Excel templates paired with a lecture walking through the solution once you are done. To test your knowledge of the basic concepts we also have quizzes after each section to make sure you feel comfortable with the topic before moving on to the next one.
At the end of this course, you will have a better understanding of the mechanics of accounting, the concepts, and the goals of accounting in general. You will be able to pass that class!! Let’s get started!
Understand and prepare static and flexible budgets
Understand variance analysis and calculate favorable vs. unfavorable variances
Understand standard costing
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17 Lectures
4 Lectures
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1 Lectures
I have a Master of Professional Accountancy Degree (MPA) from the University of Nebraska-Lincoln. I have been teaching accounting part time, both face to face and online since 2008. I work as the manager of our Audit training area, managing the training plan and course development for 150 auditors nationwide. My work history includes reviewing, preparing, and presenting course material...
Good
Excellent info for understanding standard costs, budgets, and variance analysis.
How ancient is this? Talking about using tables to find NPV and IRR. Excel has been in use for many years and although learning the basis of the formula is good, no one in their right mind uses the tables.
Great information thus far,
Much better information than I have been given in the classroom with my professor. The budgeting information was very helpful. Thank you!
Thanks prof! The course was a good supplement to our class documents. I would love to see more exercises to practice with.
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Carol B.
Yes it was a good experienced and i really love it. Once you forcus the questions will be more easier to remember.