Responsibility Accounting & Performance Measurement

Course Overview

• Course Title: Responsibility Accounting & Performance Measurement
• Instructor: Robert (Bob) Steele
• Target Audience:
  • Accounting professionals
  • Managerial accountants
  • Financial analysts
  • Business students
  • Professionals interested in performance measurement
• Prerequisites:
  • Basic Accounting Knowledge
  • Managerial Accounting Foundations
  • Willingness to Learn

Curriculum Highlights

• Key Topics Covered:
  • Decentralization and its impact on businesses
  • Managerial accounting vs. financial accounting
  • Responsibility accounting systems
  • Direct and indirect cost categorization
  • Indirect cost allocation methods
  • Departmental income statements
  • Forecasting departmental income statements
  • Performance measures (ROI, balanced scorecard)
  • Practical problem-solving exercises
• Key Skills Learned:
  • Define responsibility accounting
  • Differentiate between managerial and financial accounting
  • Identify components of a responsibility accounting system
  • Categorize costs as direct or indirect
  • Evaluate indirect cost allocation methods
  • Construct and analyze departmental income statements
  • Forecast departmental financial performance
  • Analyze performance measures
  • Apply responsibility accounting principles to real-world scenarios
  • Utilize Excel for financial calculations and data analysis

Course Format

• Duration: 7.5 hours on-demand video
• Format: Self-paced online course
• Resources:
  • 28 downloadable resources
  • Access on mobile and TV
  • Certificate of completion