Managerial Accounting Training Manual Classroom in a Book

Topics Covered:

Introduction and Overview

1. What is Accounting?

2. Accounting Methods

3. Ethics in Financial Reporting

4. Introduction to Financial Statements

5. Business Activities

6. GAAP

7. Sarbanes-Oxley Act

8. Accrual vs. Cash Basis of Accounting

Financial Statements

1. Balance Sheets

2. Accounting Transactions

3. Debits and Credits

4. T-Accounts and Journal Entries

5. The Balance Sheet

6. Income Statements

7. Retained Earnings Statement

8. Statement of Cash Flows

Assets

1. Introduction to Assets

2. Current Assets

3. Property, Plant and Equipment

4. Long-Term Investments

5. Intangible Assets

6. Depreciation

Liabilities

1. Introduction to Liabilities

2. Current Liabilities

3. Notes Payable

4. Sales Tax Payable

5. Unearned Revenue

6. Payroll Payable

7. Long-Term Liabilities

Other Accounting Transactions

1. The Trial Balance

2. Adjusting Entries

3. Closing the Books

4. Sales Revenues, Gross Profits & Operating Activities

Inventory

1. Classifying Inventory

2. Determining Inventory Quantities

3. Cost of Goods Sold

4. FIFO and LIFO

5. Average Cost Method

Stockholder’s Equity

1. Corporate Form of Organization

2. Stock Issue Considerations

3. Accounting for Treasury Stock

4. Preferred Stock

5. Dividends and Retained Earnings

Managerial Accounting

1. Introduction to Managerial Accounting

2. Code of Ethics for Managerial Accounting

3. Managerial Cost Concepts

4. Other Managerial Concepts

Cost Accounting Systems

1. Cost Accounting Systems

2. Job Order Flow

3. Reporting Job Order Costing

4. Process Cost Systems

5. Activity Based Costing

Accounts Payable

1. Accounts Payable

2. Early Payment Discounts

Behavior of Costs and Expenses

1. Cost Behavior

2. Break-Even Analysis and Contribution Margin Ratio

3. Margin of Safety

Basic Banking

1. Making Deposits and Transfers

2. Reconciling Bank Accounts

Cost Controlling

1. Budgetary Control

2. Static and Flexible Budgets

3. Responsibility Accounting

4. Standard Costs

5. Analyzing and Reporting Variances

Profit and Budget Planning

1. Budgeting Basics

2. Preparing the Operating Budgets

3. Preparing the Financial Budgets

Management Decision Making

1. Introduction to Management Decision Making

2. Incremental Analysis

3. Capital Budgeting and Annual Rate of Return

4. Other Tools for Analysis and Decision Making