Responsibility Accounting & Performance Measurement

Responsibility Accounting & Performance Measurement

Responsibility Accounting & Performance Measurement

Managerial accounting tools of responsibility accounting and other performance measures related to decentralization

Language: english

Note: 4.1/5 (119 notes) 39,545 students

Instructor(s): Robert (Bob) Steele

Last update: 2019-05-22

What you’ll learn

  • Managerial accounting concepts
  • Responsibility accounting system and how it can improve performance
  • How to define and apply direct and indirect expenses
  • How to allocate indirect expenses using different activity basis
  • Steps to create a departmental income statement
  • How to put together a forcasted departmental income statement
  • How to calculate and interpret return on investment (ROI)

 

Requirements

  • Understanding of basic accounting terms

 

Description

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.

 

Who this course is for

  • Accounting students
  • Business owners & professionals
  • Anyone who whats to learn accounting

 

Course content

  • Introduction
    • Introduction
    • PDF – 150 Decentralization
    • 150 Decentralization
    • PDF – 155 Performance Evaluation & Department Classifications
    • 155 Performance Evaluation & Department Classifications
    • Multiple Choice Question 1
    • Accounting Comic Break
  • Managerial Accounting Overview
    • 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.ENCODING
    • 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
    • Accounting Comic Break
  • Responsibility Accounting System
    • 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
    • Excel Download
    • Worksheet – 172 Performance Report
    • Multiple Choice Question 2
    • Accounting Comic Break
  • Direct and Indirect Expenses
    • 4 Direct and Indirect Expenses
    • PDF – 180 Direct & Indirect Expenses
    • 180 Direct & Indirect Expenses
    • Multiple Choice Question 3
    • Accounting Comic Break
  • Indirect Expenses Allocation
    • 5 Indirect Expenses Allocation
    • PDF – 190 Indirect Expenses Allocation
    • 190 Indirect Expenses Allocation
    • PDF – 192 Indirect Expense Allocation
    • 192 Indirect Expense Allocation
    • Excel Download
    • Worksheet – 192 Indirect Expense Allocation
    • PDF – 194 Allocation of Occupancy Costs
    • 194 Allocation of Occupancy Costs
    • Excel Download
    • Worksheet – 194 Allocation of Occupancy Costs
    • Multiple Choice Question 4
    • Accounting Comic Break
  • Departmental Income Statements
    • 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
    • Excel Download
    • Worksheet – 211 Cost Allocations on a Sales Value Basis
    • Multiple Choice Question 5
    • Accounting Comic Break
  • Forecasted Departmental Income Statement
    • 7 Forecasted Departmental Income Statement
    • PDF – 212 Forecasted Departmental Income Statement
    • 212 Forecasted Departmental Income Statement
    • Excel Download
    • Worksheet – 212 Forecasted Departmental Income Statement
    • Multiple Choice Question 6
    • Accounting Comic Break
  • Return on Investment (ROI)
    • 8 Return on Investment (ROI)
    • PDF – 220 Investment Center Return On Investment (ROI)
    • 220 Investment Center Return On Investment (ROI)
    • Excel Download
    • Worksheet – 220 Investment Center Return On Investment (ROI)
    • Multiple Choice Question 7
    • Multiple Choice Question 8
    • Short Calculation 1
    • Accounting Comic Break
  • Balance Scorecard
    • 9 Balance Scorecard
    • PDF – 250 Balance Scorecard
    • 250 Balance Scorecard
    • Multiple Choice Question 9
    • Multiple Choice Question 10
    • Short Calculation 2
    • Accounting Comic Break
  • Comprehensive Problem
    • 10 Comprehensive Problem
    • Excel Download
    • Worksheet – 210 Comp Expense Allocation to Department
    • Multiple Choice Question 11
    • Accounting Comic Break

 

Responsibility Accounting & Performance MeasurementResponsibility Accounting & Performance Measurement

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