Self-Study
18
Overview
Accounting
There are no prerequisites.

Course Description

Managers are constantly confronted with situations in which they need to make decisions based on information originating in the accounting department. In Accounting for Managers, we explore the accounting information available to managers, and how the information can be employed to improve operational and financial results. Topics covered include the creation and use of financial statements, responsibility centers, relevant accounting standards, decision making issues in specific functional areas, and a variety of analysis tools.



Instructor

Steven M. Bragg, CPA

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.

Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).



Course Specifics

Accounting
Mar 31, 2017
There are no prerequisites.
SS1163388
341
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

Chapter 1

  • Cite the types of accounting transactions and where they are recorded, as well as the roles of the controller and chief financial officer.

Chapter 2

  • Note the different accounting principles and sub-ledger types, as well as the structure of the general ledger, and the reasons for the accounting cycle.

Chapter 3

  • Identify the types of financial statements and their reporting formats, as well as their users.

Chapter 4

  • State the types of ratio analysis used to interpret the financial statements, the uses of each one, and their contents.

Chapter 5

  • Note the uses to which different account code structures can be put, and the different types of responsibility centers.

Chapter 6

  • Cite the proper accounting for loss contingencies, compensated absences, research and development, acquired software, and stock-based compensation.

Chapter 7

  • Note 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.

Chapter 8

  • 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.

Chapter 9

  • State the nature of the analysis methods used to examine possible investments, as well as the advantages of each one.

Chapter 10

  • Note the features of the various acquisition structures and the benefits to be gained from each one, as well as the nature of appraisal rights.

Chapter 11

  • Identify the limitations of direct cost analysis and the components of an activity-based costing analysis.

Chapter 12

  • 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.

Chapter 13

  • State the main features of a system of constraint analysis, and how this system can be used to improve profits.

Chapter 14

  • Note 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.

Chapter 15

  • Identify the types of variances, the factors that can trigger different types of variances from the expected amounts, and also note the reports used to reveal variance information.



Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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