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