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  3. Accounting for Managers

Accounting for Managers

This course will give you the basis you need to make the right business decisions through a bunch of practical examples, you will learn how to apply all basic methods relating to costing, pricing, and profit and learn classify the costs of a business

Viktoria Nedelcheva
Viktoria Nedelcheva
Finance | core | 1 hour |   Published: Jul 2022

    Discussions

Overview

1.5KSTUDENTS*
95.8%RECOMMEND*

This course includes:

  • 1 hour of on-demand video  
  • Certificate of completion  
  • Direct access/chat with the instructor 
  • 100% self-paced online 

If you are a business owner or manager, you are in the right place.  This course will give you the basis you need to make the right business decisions through a bunch of practical examples, you will learn how to apply all basic methods relating to costing, pricing, and profit.   First, we will learn to classify the costs of a business and then will learn the methods that a business can apply by inventory valuation. Next, you will see which methods you can use to calculate the product cost, depending on the way that overheads are included in the cost. Then, you will get familiar with two other costing methods you can choose from, depending on the type of production that a business offers.  Once you get the foundation mentioned above, you will be well prepared to make the right business decisions. The course consists of short, clear, and easy-to-understand theory, and explained examples.

Skills You Will Gain

Accounting
Costing
management accounting

Learning Outcomes (At the end of this program you will be able to)

  • Manufacturing and non-manufacturing costs 
  • Product and period costs 
  • Direct and indirect costs 
  • Fixed, variable and mixed costs Breakeven analysis 
  • Marginal costing 
  • Absorption costing 
  • First in first out method 
  • Weighted average method 
  • Job order costing 
  • Process costing 
  • Predetermined overhead rate 
  • Over-absorption and under-absorption of overheads 

Prerequisites

  • None

Who Should Attend

  • Accountants 
  • Managers 
  • Business owners 

Curriculum

Instructors

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*Where courses have been offered multiple times, the “# Students” includes all students who have enrolled. The “%Recommended” shown is also based on this data.
1Module 1 - Introduction
2Module 2 - Let's Talk About Cost Classification
3Module 3 - Costing Methods

Segment - 01 - Introduction

Viktoria Nedelcheva

Viktoria Nedelcheva

Viktoria Nedelcheva is a seasoned professional with extensive experience in both practical bookkeeping and academic research, specializing in empowering small businesses to master financial management. Her career began in hands-on bookkeeping roles, where she developed deep expertise in invoicing, transaction coding, and client communication—skills that laid a strong foundation for her future work.

Viktoria’s practical knowledge is complemented by a robust academic background, including a Master’s degree in Accounting for Non-Financial Enterprises and advanced coursework in financial accounting and management. This unique blend of hands-on experience and scholarly insight informs her comprehensive approach to financial education.

As an online tutor and instructor, Viktoria is dedicated to demystifying financial concepts for small business owners and individuals alike. Through platforms such as Skillshare, Udemy, and university-level courses, she delivers clear, actionable instruction that bridges the gap between complex theories and real-world business applications.

Her teaching style emphasizes clarity, relevance, and practicality, enabling learners to not only understand financial concepts but also apply them effectively in their own operations. Viktoria’s mission is to make financial literacy accessible and to equip her students with the tools they need for sustainable business success.

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Segment - 10 - First-in-first-out-method (FIFO)

Segment - 11 - Weighted Average Methods

Segment - 12 - Marginal Costing

Segment - 13 - Absorption Costing

Segment - 14 - Job Order Costing

Segment - 15 - Job-Order Costing - Example

Segment - 16 - Process Costing

Segment - 17 - Process Costing - Example

Segment - 18 - Process Costing and FIFO

Segment - 19 - Process Costing and Weighted Average Cost Method

Segment - 20 - Process Costing - Normal Loss

Segment - 21 - Process Costing - Abnormal Gain

Segment - 22 - Process Costing and Concept of Equivalent Units

Segment - 02 - Meaning of Management Accounting

Segment - 03 - Manufacturing Costs and Non-Manufacturing Costs

Segment - 04 - Costs and Cost Drivers

Segment - 05 - Manufacturing and Non-Manufacturing Costs

Segment - 06 - Product Costs and Period Costs

Segment - 07 - Direct Costs and Indirect Costs

Segment - 08 - Fixed Costs, Variable Costs and Mixed Costs

Segment - 09 - Fixed Costs and Variable Costs - Example