Course details
Managerial accounting helps managers make decisions using an organization’s financial data. An understanding of managerial accounting helps you figure out how much a product costs, analyze when your company breaks even, and budget for expenses and future growth. In this course, accounting professors Jim and Kay Stice cover all the fundamentals, including costs and cost behaviors, cost-volume-profit (CVP) relationships, cost flows, standard costing and activity-based costing, and budgeting.
Instructors
Jim SticeLinkedIn Learning Instructor at LinkedInJim Stice is a professor of accounting at BYU.
James D. Stice, PhD, is the Distinguished Teaching Professor of Accounting in the School of Accountancy at Brigham Young University (BYU). He teaches business and accounting to university students and to business professionals around the world. Professor Stice has been at BYU since 1988. He has co-authored three accounting textbooks and published numerous professional and academic articles. In addition, Professor Stice has been involved in executive education for Ernst & Young, Bank of America Corporation, International Business Machines Corporation, RSM, and AngloGold Limited and has taught at INSEAD (in both France and Singapore) and CEIBS (in China). He has been recognized for teaching excellence by his department, his college, and the university. Professor Stice currently serves on the audit committee of Deseret Management Corporation and served on the board of directors of a publicly traded company until it was taken private.
Professor Jim Stice received a PhD from the University of Washington as well as master’s and bachelor’s degrees from BYU, all in accounting.
Welcome
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– Hi I’m Jim Stice. I’m a professor of accounting at Brigham Young University. This is my brother Kay. – I’m also a professor of accounting at Brigham Young University. In accounting, there are three main topic areas: Financial accounting, managerial accounting, and income taxes. – [Jim] Financial accounting involves the summary reports given to people outside the company. To banks, to investors, to potential investors, and so forth. – [Kay] Income tax accounting involves reports given to well you know to whom those reports are given. – [Jim] In this course, we provide an overview of managerial accounting, which involves the detailed, private, internal reports that are used by managers on a daily basis to make decisions about a company’s operations. – [Kay] We will talk about break even analysis. How many customers need to come to a restaurant each day for the owner to at least break even. – [Jim] We will talk about product costing. If I manufacture wood furniture. How much does it…