Managerial Accounting: Costing

Managerial Accounting is a complete study course in managerial (management) accounting and cost accounting: job and process costing, cost behavior, CVP analysis and break-even, budgets, standard costs and variances, and capital budgeting.
49 clear topics with worked numerical examples, formulas, diagrams and practice questions with answers, made for students taking a first managerial accounting course.

This is a study app, not accounting or bookkeeping software. It explains, in plain language, how managers use cost information to plan, control and make decisions, and it shows every calculation step by step.

What you will learn

• Foundations: What Is Managerial Accounting?, manufacturing costs, product and period costs, cost classifications and the cost of goods manufactured
• Job Order Costing: job cost sheets, predetermined overhead rates, underapplied and overapplied overhead
• Process Costing: equivalent units (weighted-average method), cost per unit and the production report
• Cost Behavior: variable, fixed and mixed costs, the high-low method and least-squares regression
• Cost-Volume-Profit Analysis: contribution margin, break-even point, target profit and margin of safety, operating leverage, sales mix and multi-product break-even
• Variable Costing and ABC: variable versus absorption costing, reconciling net operating income, activity-based costing with a full ABC worked example
• Budgeting: the master budget, sales and production budgets, materials, labor and overhead budgets, the cash budget and flexible budgets
• Standard Costs and Variances: direct materials, direct labor, variable overhead and fixed overhead variances
• Performance Measurement: responsibility accounting, segment reporting, ROI and residual income, transfer pricing and the balanced scorecard
• Relevant Costs for Decisions: make or buy, special orders, keep or drop a segment, constrained resources, sell or process further
• Capital Budgeting: payback and simple rate of return, time value of money, net present value (NPV) and internal rate of return (IRR)
• Reference: a formula sheet with 39 key formulas and a glossary of 72 terms with a quick filter

Features
• 74 worked examples that follow a company through each calculation, line by line
• 97 practice questions with answers (tap to reveal) to test yourself before a cost accounting or management accounting exam
• 25 diagrams, such as the CVP break-even chart, cost flows, ABC allocation, the variance tree and the NPV profile
• Typeset formulas with every symbol explained
• Search every topic at once
• Previous and Next buttons to work through a section in order
• Clean design with dark mode
• All content is built into the app, so you can study offline, with no account needed
• Available in 8 languages: English, Español, Português, Français, Deutsch, العربية, हिन्दी and Bahasa Indonesia

Who it is for
• College and university students taking a first course in managerial accounting or cost accounting
• Business, commerce and management students who need a quick revision of costing, budgeting and variance analysis
• Anyone who wants to understand break-even analysis, budgets or NPV for a business decision

Content is based on standard introductory sources such as OpenStax Principles of Accounting, Volume 2: Managerial Accounting, with OpenStax Principles of Finance for the time value of money. Examples use dollars and ignore income taxes unless stated.

Managerial Accounting is an independent study aid. It is not affiliated with any textbook publisher, university or professional accounting body, and it does not replace your course textbook or professional advice.

Recent changes:
Completely rewritten: a managerial accounting course in 49 lessons — cost behavior, job and process costing, CVP and break-even, variable costing and ABC, budgeting, standard costs and variances, performance measurement, relevant costs and capital budgeting (NPV, IRR) — with new worked examples, drawings and practice questions. Now in 8 languages: English, Spanish, Portuguese, French, German, Arabic, Hindi and Indonesian.