Master Budgets – Managerial Accounting/Cost Accounting
Learn to put together a master budget from a practicing CPA, CGMA, CPI, with B.S.Tax.
Master budget construction, including demonstration problems, excel worksheets, practice test questions, discussion questions, and a comprehensive problem we work together using Excel in a step by step format.
The course will provide a managerial accounting overview, comparing managerial accounting and financial accounting, and providing essential managerial accounting tools we will need in the budgeting process.
We will discuss methods of budget timing and the pros and cons of each technique.
The course will discuss the characteristics and functions of the budget committee.
We will discuss the components of a master budget and break it out into its parts, listing the order that those components need to be completed in.
The course will discuss how to put together a sales budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
We will discuss how to put together a production budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
The course will discuss how to put together a materials budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
We will discuss how to put together a direct labor budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
The course will discuss how to put together a factory overhead budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
We will discuss how to put together a general and administrative budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
The course will discuss how to put together a cash budget and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
We will discuss how to put together a budgeted cost of goods manufactured statement and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
The course will discuss how to put together a budgeted cost of goods sold statement and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
We will discuss how to put together a budgeted income statement and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
The course will discuss how to put together a budgeted balance sheet and will also walk through a step by step process using preformatted Excel worksheets for learners to follow along with.
We will also go over a comprehensive problem in Excel so we can see all the components of the master budget and work through them in one place.
Requirements:
What you'll learn:
105 Why Budget
105 Why Budget
FREE PREVIEW110 Budget Problems
110 Budget Problems
FREE PREVIEWMultiple choice 2
FREE PREVIEWAccounting Comic
2 Managerial Accounting Overview
10 Managerial Accounting Introduction
10 Managerial Accounting Introduction
20 Cost Classifications
20 Cost Classifications
30 Product Costs & Period Costs
30 Product Costs & Period Costs.ENCODING
40 Direct Meterails Labor & Overhead
40 Prime Costs & Conversion Costs
50 Manufacturer's Balance Sheet
50 Manufacturer's Balance Sheet
60 Manufacturer's Income Statement
60 Manufacturer's Income Statement
70 Manufacturing Activities Flow
70 Manufacturing Activities Flow
80 Just In Time (JIT) Manufacturing
80 Just In Time (JIT) Manufacturing
90 Job Cost vs Process Cost
90 Job Cost Vs Process Cost
Multiple choice 3
Accounting Comic
3 Budget Timing and Budget Committee
115 Budget Timing
115 Budget Timing
120 Budget Committee
120 Budget Committee
Multiple choice 4
Accounting Comic
4 Sales Budget, Production Budget, & Materials Budget
210 Master budget Sales, Production & Raw materials
210 Master Budged Sales Budget, Production Budget, & Materials Budget
Excel Download
Worksheet - 210 Sales Budget, Production Budget, & Materials Budget
Excel Download
Worksheet - 210 Sales Budget, Production Budget, & Materials Budget
Multiple choice 5
Accounting Comic
5 Direct Labor, Factory Overhead, Selling, & General and Administrative Budgets
220 Master budget - Direct Labor, Factory OH, Selling, G&A
220 Master Budged 2 Direct Labor, Factory Overhead, Selling, General and Administrative
Excel Download
Worksheet - 220 Direct Labor & Factory Overhead
Excel Download
Worksheet - 225 Selling & Administrative Budget
Multiple choice 6
Accounting Comic
6 Cash Budget
230 Master budget - Cash Budget
230 Master Budged 3 Cash Budget
Excel Download
230 Master budget, Cash Budget part 5
Multiple choice 7
Accounting Comic
7 Budgeted Cost of Goods Manufactured & Cost of Goods Sold
240 Master budget - Cost of Goods Manufactured
240 Master Budged 4 Budgeted Cost of Goods Manufactured & Cost of Goods Sold
Excel Download
Worksheet - 240 Budgeted Cost of Goods Manufactured & Cost of Goods Sold
Multiple choice 8
Accounting Comic
8 Budgeted Income Statement
250 Master budget - Income Statement
250 Master Budged 5 Budgeted Income Statement
Excel Download
Multiple choice 9
Accounting Comic
9 Budgeted Balance Sheet
260 Master budget - Balance Sheet
260 Master Budget 6 Budgeted Balance Sheet
Excel Download
Worksheet - 260 Budgeted Balance Sheet
Multiple choice 10
Accounting Comic
10 Verify The Budget
Excel Download
Worksheet - 270 Verify The Budget
Excel Download
Multiple choice 11
Short Calculation Problems
Accounting Comic
11 Comprehensive Problem
210 Sales Budget, Production Budget, & Materials Budget
215 Materials Budget
220 Direct Labor & Factory Overhead
225 Selling & Administrative Budget
230 Master budget, Cash Budget part 5
240 Budgeted Cost of Goods Manufactured & Cost of Goods Sold
250 Budgeted Income Statement
260 Budgeted Balance Sheet
270 Verify The Budgets
Multiple choice 12
Accounting Comic
Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
"Master Budgets – Managerial Accounting/Cost Accounting"
$27.81
Lifetime enrollment
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