Get “Responsibility Accounting & Performance Measurement” Course Using 100% Off Udemy Free Coupon
In This Course: Responsibility accounting & performance measures We will describe the concept of decentralization, how it applies to businesses, and the pros and cons of a more decentralized organization from a centralized one.
The course will cover general managerial accounting concepts necessary to study responsibility accounting, comparing and contrasting managerial accounting and financial accounting.
We will explain what a responsibility accounting system looks like and the benefits of a responsibility accounting system.
The course will discuss the categorization of costs between direct costs and indirect costs and why this categorization between direct and indirect is useful for reporting financial data by department.
We will describe the problems with allocating indirect costs to the proper departments and explain various methods for allocating indirect costs.
The course will describe what a departmental income statement is and how to create a departmental income statement.
We will explore what a forecasted departmental income statement is and put together a forecasted departmental income statement.
The course will discuss other performance measures like return on investment (ROI) and a balance scorecard.
We will also complete a comprehensive problem using preformatted Excel worksheets and step by step instructional videos.
WHAT WILL YOU LEARN IN THIS COURSE:
IF YOU FIND THIS COURSE USEFUL AND HELPFUL PLEASE GO AHEAD SHARE THE KNOWLEDGE WITH YOUR FRIENDS WHILE THE COURSE IS STILL AVAILABLE