Accounting for Managers

This course introduces students to the fundamentals of financial and management accounting viewed from the perspective of the business manager. It focuses is on critical evaluation of accounting information contained in financial statements and application of key cost and management accounting techniques in daily business decisions. This course adopts a managerial and analytical approach to the financial aspects of business management. After studying these modules students will learn the methods used in financial reporting and interpretation and applying these principles to business practice. Students will gain a better understanding and interpretation ability of a company’s cash-flows and profit, different classes of assets, liquidity positions, operating efficiency. Management accounting modules will equip students with an understanding of key costs and managerial accounting techniques used in costs control, costs management and planning.

Reed courses certificate of completion

Digital certificate - Included

Certificate of completion

Digital certificate - £3

• Course Text 3:33:00

  • 1: Course Text 3:33:00

• Unit 1: Accounting and Reporting in Commerce 28:57

  • 2: Lecture 1.1: Definition of Accounting Preview 02:27
  • 3: Lecture 1.2: Accounting Principles Preview 03:21
  • 4: Lecture 1.3: Accounting Equation Preview 01:28
  • 5: Lecture 1.4: Accounting Cycle 02:13
  • 6: Lecture 1.5: Double Entry Accounting 04:07
  • 7: Lecture 1.6: Assets 01:57
  • 8: Lecture 1.7: Liabilities 01:42
  • 9: Lecture 1.8: Capital 03:54
  • 10: Lecture 1.9: Accounting Conventions 02:07
  • 11: Lecture 1.10: IFRS and GAAP 01:41
  • 12: Knowledge Quiz 1 04:00

• Unit 2: Financial Accounting #1 28:14

  • 13: Lecture 2.1: Financial Accounting 00:34
  • 14: Lecture 2.2: Financial Statements - Applications and Use 01:46
  • 15: Lecture 2.3: Profit and Loss Statement - Income Statement 02:20
  • 16: Lecture 2.4: Multi-step Income Statement 02:16
  • 17: Lecture 2.5: Expenses 01:47
  • 18: Lecture 2.6: Profit Before Tax and EBITDA 02:28
  • 19: Lecture 2.7: Inputs to Depreciation Accounting 03:29
  • 20: Lecture 2.8: Depreciation Journal Entries 00:46
  • 21: Lecture 2.9: Balance Sheet - Assets and Liabilities Statements 02:39
  • 22: Lecture 2.10: Inventories 01:15
  • 23: Lecture 2.11: Liability Accounts 02:14
  • 24: Lecture 2.12: Total Liabilities and Equity 00:40
  • 25: Knowledge Quiz 2 06:00

• Unit 3: Financial Account #2 26:19

  • 26: Lecture 3.1: Working Capital & Liquidity – Debtors, Creditors & Inventory Days 01:41
  • 27: Lecture 3.2: Permanent and Cyclical Working Capital 01:33
  • 28: Lecture 3.3: Forms of Working Capital Financing 03:22
  • 29: Lecture 3.4: Determinants of Working Capital 01:46
  • 30: Lecture 3.5: Cash Flow Statements - Operational and Reporting Formats #1 04:16
  • 31: Lecture 3.6: Cash Flow Statements - Operational and Reporting Formats #2 01:08
  • 32: Lecture 3.7: Economic Value Added (EVA) & Cash Flow Return on Investment (CFRIO) 02:23
  • 33: Lecture 3.8: Cash Flow Return on Investment (CFROI) 00:59
  • 34: Lecture 3.9: Key Ratio Analysis – Short Term Acid Tests & Long Term Viability 05:11
  • 35: Knowledge Quiz 3 04:00

• Unit 4: Management & Cost Accounting 30:26

  • 36: Lecture 4.1: Management and Cost Accounting 03:00
  • 37: Lecture 4.2: What is Cost Accounting? 01:01
  • 38: Lecture 4.3: Material, Labour and Overhead Costing 02:04
  • 39: Lecture 4.4: Process Costing, Job Costing and Batch Costing 03:29
  • 40: Lecture 4.5: Job Costing 03:42
  • 41: Lecture 4.6: Activity Based Costing - Lean Operations 02:55
  • 42: Lecture 4.7: Steps in Developing and Activity - Based Costing System 02:19
  • 43: Lecture 4.8: Benefits and Limitations of Activity-Based Costing 01:50
  • 44: Lecture 4.9: Standard Costing and Variance 02:25
  • 45: Lecture 4.10: Standard Costing in GAAP and IFRS 03:49
  • 46: Lecture 4.11: Responsibilities for Variances 00:52
  • 47: Knowledge Quiz 4 03:00

• Unit 5: Limitations of Accounting 31:49

  • 48: Lecture 5.1: Volume, Cost and Break-even Analysis / Cost-Volume Profit Analysis 03:09
  • 49: Lecture 5.2: Uncertainties and Quality of Input Data 02:11
  • 50: Lecture 5.3: Break-Even Chart 03:40
  • 51: Lecture 5.4: Inventory Management– Raw, Work in Progress (WIP) & Finished Goods 02:11
  • 52: Lecture 5.5: Reorder Point, Lead Time and Safety Stock 02:48
  • 53: Lecture 5.6: Budgeting & Capital Investment – Revex & Capex 03:30
  • 54: Lecture 5.7: Limitations of Accounting - Financial Reporting 03:14
  • 55: Lecture 5.8: Intangibles, Human Capital & Goodwill – Recognition and Valuation 01:29
  • 56: Lecture 5.9: Goodwill 01:31
  • 57: Lecture 5.10: Audit – Internal & External 03:06
  • 58: Knowledge Quiz 5 05:00

Upon the completion of this subject, students will be able to:
• Develop a high-level understanding of the accounting process and fundamental accounting principles that underpin the development of financial statements (e.g. accrual accounting vs. cash accounting, definition, recognition, measurement and disclosure of assets, liabilities, revenues, expenses; inventory models, provisions, depreciation; accounting for intangibles).
• Undertake research and interpret the concepts and role of working capital, sources of working capital, ratios and their uses. Also, understand and use the concept of job costing, process costing, activity-based costing, JIT inventory system, EOQ model, and the concept and application of standard costing.
• Apply techniques from cost and management accounting, in deciding upon alternative courses of action using CVP analysis, capital budgeting techniques, inventory management model.
• Analyse and critically evaluate financial performance and financial position of a business using information contained in financial statements; balance sheet, income statement, and cash flow statement.
• Critically analyse, evaluate and interpret the working capital position and working capital management of a business.
• Calculate and interpret different liquidity ratio, solvency ratio and operating efficiency ratio. Also, use standard costing, calculate variances and interpret them. Also, calculate and interpret EVA.

• Accountants
• Bookkeepers
• Students
• Self Employed Individuals
• Managers
• Business Owners
• Start-up Companies
• Executives

• No prerequisites.
• No materials distributed.
• No formal assessments required

• Business Analyst
• Business Risk and Governance Consultant
• Certified Practicing Accountant
• Chartered Accountant
• Chartered Tax Adviser
• Chief Financial Officer
• Corporate Secretary
• Financial Analyst
• Financial Controller
• Financial Project Manager
• Forensic Accountant
• Wealth Management Consultant

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