Responsibility Accounting & Performance Measurement
Learn to apply the concepts of responsibility accounting from a practicing CPA, CGMA, CPI, with B.S.Tax.
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.
Requirements:
What you'll learn:
PDF - 150 Decentralization
150 Decentralization
FREE PREVIEWPDF - 155 Performance Evaluation & Department Classifications
155 Performance Evaluation & Department Classifications
FREE PREVIEWMultiple Choice Question 1
FREE PREVIEWAccounting Comic Break
2 Managerial Accounting Overview
PDF - 10 Managerial Accounting Introduction
10 Managerial Accounting Introduction
PDF - 20 Cost Classifications
20 Cost Classifications
PDF - 30 Product Costs & Period Costs
30 Product Costs & Period Costs
PDF -40 Prime Costs & Conversion Costs
40 Prime Costs & Conversion Costs
PDF - 50 Manufacturer's Balance Sheet
50 Manufacturer's Balance Sheet
PDF - 60 Manufacturer's Income Statement
60 Manufacturer's Income Statement
PDF - 70 Manufacturing Activities Flow
70 Manufacturing Activities Flow
PDF - 80 Just In Time (JIT) Manufacturing
80 Just In Time (JIT) Manufacturing
Multiple Choice Question 2
Discussion Question 1
Accounting Comic Break
3 Responsibility Accounting System
PDF - 160 Controllable vs. Uncontrollable Costs
160 Controllable vs. Uncontrollable Costs
PDF - 170 Responsibility Accounting System
170 Responsibility Accounting System
PDF - 172 Responsibility Accounting Performance Reports
172 Responsibility Accounting Performance Reports
Download Excel Worksheet
Worksheet - 172 Performance Report
Multiple Choice Question 3
Discussion Question 2
Accounting Comic Break
4 Direct and Indirect Expenses
PDF - 180 Direct & Indirect Expenses
180 Direct & Indirect Expenses
Multiple Choice Question 4
Discussion Question 3
Accounting Comic Break
5 Indirect Expenses Allocation
PDF - 190 Indirect Expenses Allocation
190 Indirect Expenses Allocation
PDF - 192 Indirect Expense Allocation
192 Indirect Expense Allocation
Download Excel Worksheet
Worksheet - 192 Departmental Contribution Statements
PDF - 194 Allocation of Occupancy Costs
194 Allocation of Occupancy Costs
Download Excel Worksheet
Worksheet - 194 Allocation of costs
Multiple Choice Question 5
Discussion Question 3
Accounting Comic Break
6 Departmental Income Statements
PDF - 200 Departmental Income Statement Steps
200 Departmental Income Statement Steps
PDF - 210 Example - Departmental Income Statement Steps
210 Example - Departmental Income Statement Steps
Download Excel Worksheet
Worksheet - 211 Cost Allocations on a Sales Value Basis
Multiple Choice Question 6
Discussion Question 4
Accounting Comic Break
7 Forecasted Departmental Income Statement
PDF - 212 Forecasted Departmental Income Statement
212 Forecasted Departmental Income Statement
Download Excel Worksheet
Worksheet - 212 Forcasted Departmental Income Statement
Multiple Choice Question 7
Discussion Question 5
Accounting Comic Break
8 Return on Investment (ROI)
PDF - 220 Investment Center Return On Investment (ROI)
220 Investment Center Return On Investment (ROI)
Download Excel Worksheet
Worksheet - 220 Return on Investment (ROI)
Multiple Choice Question 8
Short Calculation Questions
Discussion Question 6
Accounting Comic Break
9 Balance Scorecard
PDF - 250 Balance Scorecard
250 Balance Scorecard
Multiple Choice Question 10
Multiple Choice Question 9
Short Calculation Questions
Discussion Question 7
Accounting Comic Break
10 Comprehensive Problem
Download Excel File
Worksheet - 210 Comp Expense Allocation to Department
Multiple Choice Question 11
Accounting Comic Break
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.
"Responsibility Accounting & Performance Measurement"
$27.81
Lifetime enrollment
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