This course is part of the Value Chain Management Specialization

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1,263 ratings

Gary Hecht, Ph.D.

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Value Chain Management SpecializationUniversity of Illinois at Urbana-Champaign

About this Course

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In this course, you will learn how to use accounting to facilitate and align decisions made by owners, managers, and employees. You will learn how accountants create, organize, interpret, and communicate information that improves internal processes and allows organizations to identify and leverage opportunities to create value within the supply chain and with customers. 
You will be able to: 

• Understand what managerial accounting is and why it is an important function for successful businesses
• Identify problems associated with relying on financial accounting information for internal decision making
• Organize cost information according to the decision-making needs of the organization
• Apply activity-based costing (ABC) and recognize circumstances and decisions for which ABC systems are relevant
• Address common "what-if" questions using cost-volume-profit (CVP) analysis and apply CVP in a variety of scenarios

This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

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Course 1 of 7 in the

Value Chain Management Specialization

Approx. 20 hours to complete

English

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Skills you will gain

Management Accounting
Cost Accounting
Activity Based Costing
Cost

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 1 of 7 in the

Value Chain Management Specialization

Approx. 20 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.69/5 (228 Ratings)

Gary Hecht, Ph.D.

Associate Professor of Accountancy

Department of Accountancy, College of Business

96,826 Learners

9 Courses

Offered by

University of Illinois at Urbana-Champaign

Start working towards your degree

This Course is part of an online degree program offered by the University of Illinois at Urbana-Champaign. When you apply for a for-credit non-degree course through the university and complete it online, it counts as credit hours towards a degree at Illinois. All you have to do is apply through the university.

Master of Business Administration (iMBA)

University of Illinois at Urbana-Champaign

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Syllabus - What you will learn from this course

Content Rating96%(4,809 ratings)

Week

Week 1

5 hours to complete

Course Overview and Introduction to Managerial Accounting

5 hours to complete

12 videos (Total 34 min), 8 readings, 4 quizzes

12 videos

Welcome and Course Overview1m

Learn on Your Terms30s

Learning Objectives and What is Managerial Accounting4m

The Difference Between Financial and Managerial Accounting5m

Contemporary Issues2m

What We've Learned in Lesson 1.151s

Learning Objectives and Terminology2m

Cost Framework 1 - Objects3m

Cost Framework 2 - Behavior3m

Cost Framework 2 - Behavior Example5m

What We've Learned in Lesson 1.258s

Module 1 Review49s

8 readings

Syllabus10m

About this Course: Ratings and Reviews10m

About the Discussion Forums10m

Glossary10m

Getting to Know Your Classmates10m

Learn More About Flexible Learning Paths10m

Module 1 Overview10m

Module 1 Readings1h 20m

4 practice exercises

Orientation Quiz30m

Lesson 1.1 Practice Quiz30m

Lesson 1.2 Practice Quiz30m

Managerial Accounting Concepts Quiz30m

Week

Week 2

4 hours to complete

Costing Systems I - Elements and Design

4 hours to complete

8 videos (Total 34 min), 2 readings, 3 quizzes

8 videos

Learning Objectives and Flow of Costs Through Financial Statements4m

Two Traditional Systems3m

Extension - Overhead Costs6m

What We've Learned in Lesson 2.145s

Learning Objectives and Example Scenario9m

The Manager Did What?7m

What We've Learned in Lesson 2.248s

Module 2 Review50s

2 readings

Module 2 Overview10m

Module 2 Readings1h 20m

3 practice exercises

Lesson 2.1 Practice Quiz30m

Lesson 2.2 Practice Quiz30m

Costing Systems I - Elements and Design Quiz30m

Week

Week 3

6 hours to complete

Costing Systems II - Activity-Based Costing

6 hours to complete

8 videos (Total 42 min), 2 readings, 4 quizzes

8 videos

Learning Objectives and General Approach and Overview4m

Fundamental Components3m

ABC Organization and Steps to Implementation7m

What We've Learned in Lesson 3.11m

Learning Objectives and Steps Through an Example19m

Other Considerations4m

What We've Learned in Lesson 3.255s

Module 3 Review48s

2 readings

Module 3 Overview10m

Module 3 Readings1h 20m

3 practice exercises

Lesson 3.1 Practice Quiz30m

Lesson 3.2 Practice Quiz30m

Costing Systems II - Activity-Based Costing Quiz30m

Week

Week 4

6 hours to complete

Cost-Volume-Profit (CVP) Analysis

6 hours to complete

8 videos (Total 46 min), 4 readings, 5 quizzes

8 videos

Learning Objectives and Cost-Volume-Profit Analysis Intro7m

Cost-Volume-Profit Analysis Example 18m

Cost-Volume-Profit Analysis Example 2 - Taxes10m

What We've Learned in Lesson 4.11m

Learning Objectives and Cost-Volume-Profit Example 3 - Multiple Products12m

What We've Learned in Lesson 4.251s

Module 4 Review59s

Gies Online Programs3m

4 readings

Module 4 Overview10m

Module 4 Readings1h

Congratulations10m

Get Your Course Certificate10m

4 practice exercises

Lesson 4.1 Practice Quiz30m

Lesson 4.2 Practice Quiz30m

Cost-Volume-Profit (CVP) Analysis: Conceptual Quiz30m

Cost-Volume-Profit (CVP) Analysis: Quantitative Analysis Quiz10m

Reviews

4.7

291 reviews

5 stars
78.63%
4 stars
17.40%
3 stars
2.76%
2 stars
0.39%
1 star
0.79%

TOP REVIEWS FROM MANAGERIAL ACCOUNTING: COST BEHAVIORS, SYSTEMS, AND ANALYSIS

by SBJul 1, 2018

Good course with lots of information. Text has a lot of errors that need to be corrected. Intro to videos could be shortened a little. No reason to have a 15-20 second intro on each one.

by RBOct 3, 2022

Seems well-designed to test competency. However, didn't seem appropriate for those with absolutely no basic knowledge of accounting terms (e.g. what is "Gross Margin"?).

by RKNov 19, 2017

Great Course that gives you the basics of Costing and it's relevant in regular Business decisions. Well articulated to ensure that people new to the concepts also understand it clearly!

by APMar 23, 2020

Good content overall for the course. Easy to understand in one go. Very well articulated by the Instructor along with relevant examples from practical life scenarios. Thanks a lot Gary!

View all reviews

About the Value Chain Management Specialization

The purpose of organizations is to produce and deliver goods and services of value to customers while generating a surplus for owners. Value chain management focuses on understanding what different customers value, measuring inputs and outputs to assess value, and generating higher value for customers and surpluses for organizations.

In this specialization, you will gain competencies that are critical for managers in any functional area. You will learn to create, model, analyze, and maximize value in accounting, operations, and marketing. This specialization is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program here.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

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Managerial Accounting: Cost Behaviors, Systems, and Analysis

About this Course

Skills you will gain