University of Illinois at Urbana-Champaign
Managerial Accounting: Tools for Facilitating and Guiding Business Decisions
University of Illinois at Urbana-Champaign

Managerial Accounting: Tools for Facilitating and Guiding Business Decisions

This course is part of Value Chain Management Specialization

Taught in English

Some content may not be translated

Gary Hecht, Ph.D.

Instructor: Gary Hecht, Ph.D.

29,256 already enrolled

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Course

Gain insight into a topic and learn the fundamentals

4.7

(602 reviews)

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93%

Intermediate level
Some related experience required
24 hours (approximately)
Flexible schedule
Learn at your own pace
Progress towards a degree

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Assessments

21 quizzes

Course

Gain insight into a topic and learn the fundamentals

4.7

(602 reviews)

|

93%

Intermediate level
Some related experience required
24 hours (approximately)
Flexible schedule
Learn at your own pace
Progress towards a degree

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This course is part of the Value Chain Management Specialization
When you enroll in this course, you'll also be enrolled in this Specialization.
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There are 4 modules in this course

In this module, you will become familiar with the course, your instructor, your classmates, and our learning environment. Decisions are at the heart of all organizations. In this module, you will also explore the nature and role of relevant information in common business decisions, and how such information facilitates these decisions and helps managers and employees avoid common pitfalls. You will also consider how the financial perspective adopted by accountants complements other, qualitative perspectives.

What's included

18 videos9 readings6 quizzes1 peer review

After establishing goals, setting targets, and the budget, upper management uses variance analysis to compare, assess, and investigate differences between actual and expected performance. In this module, you will learn how upper management uses variance analysis to motivate and monitor managers and employees, how to perform variance analysis on any aspect of the organization, and ultimately understand the power of this important tool for planning and control.

What's included

13 videos2 readings5 quizzes1 peer review

Accountants help implement, communicate, and evolve organizational strategy via the information they provide to owners, managers, and employees. Specifically, they help plan, monitor, and control decisions via the performance measurement, evaluation, and compensation system. In this module, you will explore many aspects of this important system, including decentralization, financial and non-financial performance measurement, strategic performance measurement systems, and subjective performance evaluation.

What's included

13 videos2 readings4 quizzes

At the heart of an organization’s planning and control function is its budget. In this module, you will explore the purpose of budgeting, the role of managers and employees in budgeting, and related implications. You will also develop an organization’s budget, ultimately understanding the iterative nature among the budget’s key components: the operations, financing, and capital investments budgets.

What's included

25 videos4 readings6 quizzes

Instructor

Instructor ratings
4.7 (72 ratings)
Gary Hecht, Ph.D.
University of Illinois at Urbana-Champaign
9 Courses109,941 learners

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