Disclosure: when you buy through links on our site, we may earn an affiliate commission.

Six Week MBA course on Management Control Systems

Every week there are two sessions with Interactive video lectures and Interactive problems
0.0
0.0/5
(0 reviews)
0 students
Created by

9.7

CourseMarks Score®

9.8

Freshness

N/A

Feedback

9.1

Content

Platform: Udemy
Video: 48m
Language: English
Next start: On Demand

Top Financial Management courses:

Detailed Analysis

CourseMarks Score®

9.7 / 10

CourseMarks Score® helps students to find the best classes. We aggregate 18 factors, including freshness, student feedback and content diversity.

Freshness Score

9.8 / 10
This course was last updated on 10/2021.

Course content can become outdated quite quickly. After analysing 71,530 courses, we found that the highest rated courses are updated every year. If a course has not been updated for more than 2 years, you should carefully evaluate the course before enrolling.

Student Feedback

We analyzed factors such as the rating (0.0/5) and the ratio between the number of reviews and the number of students, which is a great signal of student commitment.

New courses are hard to evaluate because there are no or just a few student ratings, but Student Feedback Score helps you find great courses even with fewer reviews.

Content Score

9.1 / 10
Video Score: 7.7 / 10
The course includes 48m video content. Courses with more videos usually have a higher average rating. We have found that the sweet spot is 16 hours of video, which is long enough to teach a topic comprehensively, but not overwhelming. Courses over 16 hours of video gets the maximum score.
Detail Score: 10.0 / 10

The top online course contains a detailed description of the course, what you will learn and also a detailed description about the instructor.

Extra Content Score: 9.5 / 10

Tests, exercises, articles and other resources help students to better understand and deepen their understanding of the topic.

This course contains:

2 articles.
0 resource.
0 exercise.
0 test.

Table of contents

Description

Week 1 | Managerial Accounting: Manufacturing Costs & Job order costing
Welcome to this course on management accounting. This course is designed to provide you with the tools to become a more effective manager.
This first week in Session 1, you will be introduced to a field of accounting known as management or managerial accounting. Throughout this course, we use the operations of a manufacturing company to apply the management concepts you will learn but these concepts apply to all types of organizations.
Therefore in Session 1, you are also introduced to the three different categories of manufacturing costs incurred by manufacturing companies in the production of its product.
In session 2, we begin the study of cost accumulation systems. The traditional systems of job costing and process costing are presented in this session; the more contemporary activity-based costing system will be in Session1 of next week’s lectures. These cost accumulation systems are used by businesses to accumulate the cost of producing their product or service.

Week 2 | Activity Based Costing and Activity Based Management
During this week, the second week we will further explore the cost allocation problem which was first introduced in week one. Recall that in job order costing we trace the direct material and direct labor to the job but we assign the overhead by allocating it to jobs based on labour costs, labour hours, or machine hours. This system was adequate for past manufacturing systems when the breakdown of product costs would approximate Direct material 40%, Direct Labour 40%, and Manufacturing Overhead – 20%. Today the manufacturing process is more capital intensive and the cost to produce a product is would approximate Direct Material 40%, Direct Labour – 20 %, and Manufacturing overhead 40%. Therefore allocating overhead based on direct labour costs or hours would lead to serious problems in determining the true cost to produce a product.
In session 1, we will examine the design and application of an activity-based system. In session 2, we will extend the idea of costing production activities to costing period costs such as selling and administration costs and perform customer profitability analysis. This concept is referred to as Activity-Based Management
Week 3 Cost Behavior: Contribution Margin And Break-even
Managers need a good understanding of costs and how costs will change in total as business activities decrease or increase.

This week we begin in Session 1, analyzing all costs incurred in a business to determine if that cost is a variable cost, a fixed cost, or a mixed cost. The cost volume profit income statement is introduced. In Session 2, we use our understanding of cost behaviour and develop the break-even model, and the target net income model used by management to predict the effect on profits of different courses of action. The concept of Margin of Safety is introduced.
Week 4 | Sales Mix and Operating Leverage and Midterm Exam
In session1, we cover two topics. Firstly, we learn how to apply the CVP model to a company that sells a number of different products. The weighted average contribution margin is introduced. Secondly, we examine the effect cost structure has on operating leverage and the effect operating leverage has on a companies profits.
Session 2 will be the midterm exam.
Week 5 | Incremental Analysis & Budget Planning
Decision-making is a major part of a manager’s role. In session 1, we examine the tools used by managers to make a decision. Incremental analysis is a decision-making tool in which the relevant costs and revenues of one alternative are compared to the relevant costs and revenues of another alternative.
Relevant costs may be defined as those future cash flows ( inflows & outflows) that are different between alternatives.
Week 6 | Budget Control and Standard Costing
In this course, you have learned how managers use accounting information to plan and control business operations as well as make effective business decisions that add value to the organization.
You understand cost accumulation systems (job cost and ABC); how to plan future operations and determine the level of sales need to break even and then achieve a target net income; budget planning and the use of incremental analysis. in making decisions.
In Session 1, we cover manage control systems such as the use of flexible budget and responsibility accounting to evaluate management performance in Session1. In Session 2, we conclude by looking at the use of standard costs to control operations and finally the Balanced Scorecard which is a strategic tool that evaluates management performance by using metrics tied to the key factors for organization objectives

You will learn

✓ We cover all the major concepts in Management Planning and Control course
✓ Understand Cost accumulation systems – job costing and Activity Based management
✓ Understand Cost Volume profit Analysis, Taget Net Income and Margin of Safety
✓ Understand how to prepare a companies Budget
✓ Understand Control systems such as Budget Control and Standard costing
✓ Know how to make informed decisions and the use of the Balance Scorecard

Requirements

• None

This course is for

• Business Managers
• Business Students
• Entrepreneurs
• CMA Candidates

How much does the Six Week MBA course on Management Control Systems course cost? Is it worth it?

The course costs $19.99.

Does the Six Week MBA course on Management Control Systems course have a money back guarantee or refund policy?

YES, Six Week MBA course on Management Control Systems has a 30-day money back guarantee. The 30-day refund policy is designed to allow students to study without risk.

Are there any SCHOLARSHIPS for this course?

At the moment we could not find an available scholarship for Six Week MBA course on Management Control Systems.

Who is the instructor? Is Dr. John Daniel Mclellan a SCAM or a TRUSTED instructor?

Dr. John Daniel Mclellan has created 25 courses that got 654 reviews which are generally positive. Dr. John Daniel Mclellan has taught 7,933 students and received a 4.1 average review out of 654 reviews. Depending on the information available, Dr. John Daniel Mclellan is a TRUSTED instructor.
Professor of Accounting
  I am a Professor of Accounting with over thirty-five years experience teaching accounting to college students, undergraduate and MBA university students as well as CMA candidates  seeking to earn their Professional Certified Management Accountant Designation.

        I achieved my Certified Management Accountant Designation 40  years ago. With that I then earned my Masters of Business Administration degree and later a PHD in accounting. 

I have developed and will continue to develop a number of courses in both Financial Accounting and Management Accounting for you –  a college or university student (or even a secondary student) to help you to achieve the best result in your undergraduate accounting course. If you get an “A” from me I guarantee you will get an “A” from your accounting prof.

For Graduate students, I have a course to prepare those of you who do not have a business degree for the Masters of Business Administration. Also I have a course at the masters level called Managerial Accounting.

For CMA Candidates, I have courses  to prepare you  to successfully pass  their Certified Management Accounting Exams offered by  Institute of Management Accountants.




        Dr. John 

Show more

9.7

CourseMarks Score®

9.8

Freshness

N/A

Feedback

9.1

Content

Platform: Udemy
Video: 48m
Language: English
Next start: On Demand

Students are also interested in

Review widget (for course creators):

Six Week MBA course on Management Control Systems rating
Code for the widget (just copy and paste it to your site):
<a href="https://coursemarks.com/course/six-week-mba-course-on-management-control-systems/" target="_blank" title="Six Week MBA course on Management Control Systems on Coursemarks.com"><img border="0" src="https://coursemarks.com/widget/97.svg" width="200px" alt="Six Week MBA course on Management Control Systems rating"/></a>