Accounting for Managers

Price: $161.10

CPE Credits: 18.0

Category:

Course Number: AAAMGRSB

accounting managers

Description:
Non-financial managers need a sufficient knowledge of accounting to interpret a company’s financial statements and make key business decisions. The Accounting for Managers course describes how accounting transactions are compiled into financial statements and how information about company performance can be extracted from those statements. It also addresses decisions in such areas as sales and marketing, human resources, and acquisitions that are impacted by accounting information. The course describes several tools, including target costing and constraint analysis, which can be used to improve upon business decisions. In short, Accounting for Managers is the ideal toolkit for understanding how accounting information can be used to drive business decisions.   Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: General knowledge of the accounting for sales, payables, payroll, and fixed assets, as well as the production of financial statements.

Author: Steven Bragg, CPA

Publication: February 2016; Update: January 2019
Format: PDF
Pages: 345

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Cite the types of accounting transactions and where they are recorded, as well as the roles of the controller and chief financial officer.
  • Specify the different accounting principles and sub-ledger types, as well as the structure of the general ledger, and the reasons for the accounting cycle.
  • Identify the types of financial statements and their reporting formats, as well as their users.
  • State the types of ratio analysis used to interpret the financial statements, the uses of each one, and their contents.
  • Specify the uses to which different account code structures can be put, and the different types of responsibility centers.
  • Cite the proper accounting for loss contingencies, compensated absences, research and development, acquired software, and stock-based compensation.
  • Specify how the contribution margin, breakeven levels, and margin of safety can be calculated and how they are used, as well as the determinants of demand.
  • Identify the types of payroll systems, the uses of the different pay codes, the types of deposit schedules, the criteria for designating a person as an employee, and the penalties associated with payroll tax underpayment.
  • State the nature of the analysis methods used to examine possible investments, as well as the advantages of each one.
  • Specify the features of the various acquisition structures and the benefits to be gained from each one, as well as the nature of appraisal rights.
  • Identify the limitations of direct cost analysis and the components of an activity-based costing analysis.
  • Itemize the activities that can be pursued to achieve a target cost when designing a new product, as well as the sources of the required cost analysis information.
  • State the main features of a system of constraint analysis, and how this system can be used to improve profits.
  • Specify the methods used to derive estimates for a budget, the impact of operational changes on a budget, and how information rolls up through the various subsidiary-level budgets. Also note the calculation methods used to derive production and labor budgets.

Below are Customer’s Comments:
“This was a great refresher course for me” – Ellen N.

Description:
Non-financial managers need a sufficient knowledge of accounting to interpret a company’s financial statements and make key business decisions. The Accounting for Managers course describes how accounting transactions are compiled into financial statements and how information about company performance can be extracted from those statements. It also addresses decisions in such areas as sales and marketing, human resources, and acquisitions that are impacted by accounting information. The course describes several tools, including target costing and constraint analysis, which can be used to improve upon business decisions. In short, Accounting for Managers is the ideal toolkit for understanding how accounting information can be used to drive business decisions.   Table of Contents

Delivery Method: Online QAS Self Study.

Level: Overview.

Prerequisites: None

Advanced Preparation: General knowledge of the accounting for sales, payables, payroll, and fixed assets, as well as the production of financial statements.

Author: Steven Bragg, CPA

Publication: February 2016; Update: January 2019
Format: PDF
Pages: 345

Passing Grade: 70%

Exam Policies: Exam may be retaken. Course must be completed within one year of purchase.

CPE Sponsor Info : NASBA/QAS #109234. Click here to view specific state approvals.

By the end of the course participants should be able to:

  • Cite the types of accounting transactions and where they are recorded, as well as the roles of the controller and chief financial officer.
  • Specify the different accounting principles and sub-ledger types, as well as the structure of the general ledger, and the reasons for the accounting cycle.
  • Identify the types of financial statements and their reporting formats, as well as their users.
  • State the types of ratio analysis used to interpret the financial statements, the uses of each one, and their contents.
  • Specify the uses to which different account code structures can be put, and the different types of responsibility centers.
  • Cite the proper accounting for loss contingencies, compensated absences, research and development, acquired software, and stock-based compensation.
  • Specify how the contribution margin, breakeven levels, and margin of safety can be calculated and how they are used, as well as the determinants of demand.
  • Identify the types of payroll systems, the uses of the different pay codes, the types of deposit schedules, the criteria for designating a person as an employee, and the penalties associated with payroll tax underpayment.
  • State the nature of the analysis methods used to examine possible investments, as well as the advantages of each one.
  • Specify the features of the various acquisition structures and the benefits to be gained from each one, as well as the nature of appraisal rights.
  • Identify the limitations of direct cost analysis and the components of an activity-based costing analysis.
  • Itemize the activities that can be pursued to achieve a target cost when designing a new product, as well as the sources of the required cost analysis information.
  • State the main features of a system of constraint analysis, and how this system can be used to improve profits.
  • Specify the methods used to derive estimates for a budget, the impact of operational changes on a budget, and how information rolls up through the various subsidiary-level budgets. Also note the calculation methods used to derive production and labor budgets.

Below are Customer’s Comments:
“This was a great refresher course for me” – Ellen N.

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