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Managerial Accounting · Lessons

Managerial Accounting lessons

10 sections · 61 skills · work through the full outline skill by skill — read the long-form lesson or flip through the slide-style version.
Long-form lessonsSlide-style lessons

Managerial Accounting

Practice 61 skills across this outline.

Recommended next
Sales & Production Budgets
Budgeting and Planning · Master Budget Components
Long-form lesson
Weighting distribution
17 categories
Problem-Solving & Managerial Reasoning
10%
Capital Budgeting
10%
Costing Approaches
10%
Relevant Costs and Special Decisions
10%
Cost-Volume-Profit (CVP) Analysis · CVP Relationships
8%
Performance Measurement and Control · Responsibility Accounting
8%

Skills

The comprehensive taxonomy of managerial accounting — drill into a card to work its skills.

Budgeting and Planning · Master Budget Components

5 core skills5% total weight
0/5 completed
5 skills to mastery
1
Sales & Production BudgetsRecommended
Long-form
2
Selling & Administrative BudgetsAvailable
Long-form
3
Cash BudgetsAvailable
Long-form
4
Budgeted Financial StatementsAvailable
Long-form
5
Operating BudgetsAvailable
Long-form

Budgeting and Planning · Flexible Budgets and Variances

3 core skills5% total weight
0/3 completed
3 skills to mastery
1
Interpreting VariancesAvailable
Long-form
2
Flexible BudgetsAvailable
Long-form
3
Spending & Efficiency VariancesAvailable
Long-form

Problem-Solving & Managerial Reasoning

4 core skills10% total weight
0/4 completed
4 skills to mastery
1
Choosing Costing MethodsAvailable
Long-form
2
Common Managerial Accounting PitfallsAvailable
Long-form
3
Setting Up Multi-Step ProblemsAvailable
Long-form
4
Checking ReasonablenessAvailable
Long-form

Capital Budgeting

4 core skills10% total weight
0/4 completed
4 skills to mastery
1
Payback & Accounting Rate of ReturnAvailable
Long-form
2
Net Present Value (NPV)Available
Long-form
3
Comparing Capital ProjectsAvailable
Long-form
4
Internal Rate of Return (IRR)Available
Long-form

Costing Approaches

3 core skills10% total weight
0/3 completed
3 skills to mastery
1
Variable vs. Absorption Costing IncomeAvailable
Long-form
2
Fixed Overhead in InventoryAvailable
Long-form
3
Reconciling Variable & Absorption CostingAvailable
Long-form

Cost-Volume-Profit (CVP) Analysis · CVP Relationships

4 core skills8% total weight
0/4 completed
4 skills to mastery
1
Target Profit AnalysisAvailable
Long-form
2
Margin of Safety & Operating LeverageAvailable
Long-form
3
CVP Sensitivity AnalysisAvailable
Long-form
4
Break-Even PointAvailable
Long-form

Cost-Volume-Profit (CVP) Analysis · Multi-Product CVP

2 core skills2% total weight
0/2 completed
2 skills to mastery
1
Break-Even with Sales MixAvailable
Long-form
2
Weighted-Average Contribution MarginAvailable
Long-form

Managerial Accounting Foundations · Cost Estimation

3 core skills3% total weight
0/3 completed
3 skills to mastery
1
High-Low MethodAvailable
Long-form
2
Cost Drivers & Activity BasesAvailable
Long-form
3
Scatterplots for Cost EstimationAvailable
Long-form

Managerial Accounting Foundations · Cost Concepts and Behavior

5 core skills7% total weight
0/5 completed
5 skills to mastery
1
Direct vs. Indirect CostsAvailable
Long-form
2
Contribution MarginAvailable
Long-form
3
Product vs. Period CostsAvailable
Long-form
4
Relevant Range & Step CostsAvailable
Long-form
5
Variable, Fixed & Mixed CostsAvailable
Long-form

Standard Costs and Variance Analysis · Material and Labor Variances

3 core skills6% total weight
0/3 completed
3 skills to mastery
1
Favorable vs. Unfavorable VariancesAvailable
Long-form
2
Direct Labor VariancesAvailable
Long-form
3
Direct Materials VariancesAvailable
Long-form

Standard Costs and Variance Analysis · Overhead Variances

3 core skills4% total weight
0/3 completed
3 skills to mastery
1
Interpreting Overhead VariancesAvailable
Long-form
2
Variable Overhead VariancesAvailable
Long-form
3
Fixed Overhead VariancesAvailable
Long-form

Costing Systems · Process Costing

4 core skills3% total weight
0/4 completed
4 skills to mastery
1
Reconciling Physical & Cost FlowAvailable
Long-form
2
Process Costing: Cost AssignmentAvailable
Long-form
3
Costs per Equivalent UnitAvailable
Long-form
4
Equivalent Units of ProductionAvailable
Long-form

Costing Systems · Job Order Costing

4 core skills4% total weight
0/4 completed
4 skills to mastery
1
Cost of Goods Manufactured & SoldAvailable
Long-form
2
Job Order Cost FlowsAvailable
Long-form
3
Job CostingAvailable
Long-form
4
Predetermined Overhead RateAvailable
Long-form

Costing Systems · Activity-Based Costing (ABC)

3 core skills3% total weight
0/3 completed
3 skills to mastery
1
ABC vs. Traditional CostingAvailable
Long-form
2
Activity Rates & Cost AllocationAvailable
Long-form
3
Activity-Based Costing (ABC)Available
Long-form

Relevant Costs and Special Decisions

5 core skills10% total weight
0/5 completed
5 skills to mastery
1
Keep or Drop DecisionsAvailable
Long-form
2
Relevant vs. Sunk CostsAvailable
Long-form
3
Constraints & Product MixAvailable
Long-form
4
Special Order DecisionsAvailable
Long-form
5
Make or Buy DecisionsAvailable
Long-form

Performance Measurement and Control · Performance Metrics

3 core skills2% total weight
0/3 completed
3 skills to mastery
1
Nonfinancial Performance MeasuresAvailable
Long-form
2
Balanced ScorecardAvailable
Long-form
3
ROI & Residual IncomeAvailable
Long-form

Performance Measurement and Control · Responsibility Accounting

3 core skills8% total weight
0/3 completed
3 skills to mastery
1
Controllable vs. Noncontrollable CostsAvailable
Long-form
2
Responsibility CentersAvailable
Long-form
3
Transfer PricingAvailable
Long-form