Responsibility Accounting & Performance Measurement
Learn managerial accounting concepts, responsibility accounting system, direct and indirect expenses, departmental income statements, ROI, and more in this comprehensive course. Perfect for accounting students, business owners, and professionals. Start learning today!
Managerial accounting conceptsResponsibility accounting system and how it can improve performanceHow to define and apply direct and indirect expensesHow to allocate indirect expenses using different activity basisSteps to create a departmental income statementHow to put together a forcasted departmental income statementHow to calculate and interpret return on investment (ROI)Responsibility accounting performance measures.We will describe the concept of decentralization, how it applies to businesses, and the pros and cons of a more decentralized organization from a centralized one.The course will cover general managerial accounting concepts necessary to study responsibility accounting, comparing and contrasting managerial accounting and financial accounting.We will explain what a responsibility accounting system looks like and the benefits of a responsibility accounting system.The course will discuss the categorization of costs between direct costs and indirect costs and why this categorization between direct and indirect is useful for reporting financial data by department.We will describe the problems with allocating indirect costs to the proper departments and explain various methods for allocating indirect costs.The course will describe what a departmental income statement is and how to create a departmental income statement.We will explore what a forecasted departmental income statement is and put together a forecasted departmental income statement.The course will discuss other performance measures like return on investment (ROI) and a balance scorecard.We will also complete a comprehensive problem using preformatted Excel worksheets and step by step instructional videos.Who this course is for:Accounting studentsBusiness owners professionalsAnyone who whats to learn accounting
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