Introduction to Managerial Accounting

This video defines Managerial Accounting and explains five key functions: planning, decision-making, motivating, controlling, and performance evaluation. Because Cost Accounting is a subset of Managerial Accounting, this video introduces topics that pertain to both Managerial Accounting and Cost Accounting.
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Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
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[@versontealexander1770]

You could literally charge thousands this is best managerial accounting course on KZbin and you express ideas that are easily understood thank you for being a great teacher

[@kw4265]

I'm a first year student of accounting and I really appreciate these videos. My textbook doesn't always explain things in a way that clicks for me, so I like to come here and watch your videos after I read a chapter to hear it explained by someone with lots of experience. This channel is such a great resource for students!

[@Edspira]

I'm so glad you're finding the videos helpful!

[@cosmicwaves6938]

1. Planning 2. Decision-making 3. Directing and Motivating 4. Controlling 5. Performance Evaluation

[@10010011001100110101]

You deserve to be paid for these videos

[@devon7584]

Let the ads play!

[@jothenater]

I'm so happy I found these videos. You're an amazing teacher. All my gratitude!

[@mmeooow]

i love this little over all review from a wide angle lense of Man. Acct...but theres so much more to it :( ugh....CVP analysis, ABC costing, equivalent units, traditional vs variable costing, production cost reports, Break even analysis, margin of safety, and all the ratios, standard costing and variances, sell or process further decisions,,, SO many formulas! Im taking my final in two days, ugh , wish me luck. im so scared to fail ugh. this class was tough

[@siyandahadebe9208]

Broooo you're a don, bless your heart

[@brianmusonda1185]

You are a great teacher! Receive flowers from Zambia , LUSAKA

[@nefwaenre]

i will be taking managerial accounting as i intend to get an MBA. You lectures are bite sized and very captivating from start to finish! Thank you very much for the videos and of course also for making a playlist of it!

[@mindandsoul90]

Your videos are of great help for quick revison of topics. Thank you for your work.

[@MyFinancialFocus]

I love budget accounting because it’s transferable from business to personal finance :)

[@PhuongAnh-ue8hd]

Thank you for always making these awesome videos! This helped me a lot as a student who survives by scholarships.

[@Lovejoy1173]

Wow! You made it super easy to understand and interesting at the same time. Hope my instructors are this good.

[@evantipova83]

Thank you for your your videos and in general for your work and mission, you are just great! Good luck in everything!!!!

[@lindamorman7425]

Very helpful! Great job, keep it up! Thanks for sharing.

[@RA-nu8ue]

thank you so much this is very helpful and helped me so much in my exams thank you!

[@jonathanacuna]

Wow, simple, great examples. This was helpful!

[@floatingreserve]

Sir, you are awesome!

[@matteomarcantoni7633]

Thanks for your videos, they are so helpful!

[@vivilin4571]

Really like your videos!!! Short and sweet, and to the point.

[@adamsaldana5462]

I started as a bookkeeper a little over a year ago, buti didnt realize how much i love this type of work.

[@bezajolie5892]

thank you sir, keep it up.

[@manojparmar878]

Now I see this video account look simple when see books and videos of my college lectures account not go in my mind.

[@dylantkl]

Thank you for sharing the video sir!

[@alphonso8452]

Nice concise videos. Well done and thanks!

[@amabelorok758]

Your tutorial is so simple hope the other part of Mangerial accounting is that simple

[@stephengitonga5461]

Very helpful videos. thankyou sir

[@jihoon1839]

Thank you so much. I am currently preparing for my Managerial accounting course in college. I am watching this video to prepare for my final exam. Other than watching this video, do you have any other suggestions, thank you.

[@pirravinsooriyakumar5542]

Thank you this helps me a lot to become a successful project manager and my managerial accounting professor only teaches for 1 hour or 1 and half. I wish you were my teacher.

[@Edspira]

Glad it was helpful!

[@christianr6303]

Super helpful for my accounting course, thank you!

[@Edspira]

You're very welcome!

[@MrBlackjack456]

Keep up the good work, It is helping me a lot with CMA exam prep. Thanks a lot! hoping to see a lot more videos.

[@minhhuongdoan5930]

Thank you a lot!

[@jed_vc5010]

thank you very much!

[@yigitbey2782]

thank you so much sir!

[@cabdirahmanahmed3284]

Thanks your voice clear i undersantan very well allah keep you any thing

[@priyankakundnani1706]

your videos are really helpful. keep sharing!

[@Edspira]

Thanks!

[@Sendarrubius57]

Gracias crack seguramente suspenda pero bueno gracias de todas maneras, maquina, figura, ídolo, mastodonte, tifón, jefe

[@robalytics2071]

Thank you for the great content

[@Edspira]

Glad you enjoy it!

[@alessandro4512]

forget college. just subscribe to this guy.

[@Edspira]

lol

[@user-yz3ez3nj1l]

One of the main characteristics to managerial accounting is useful tool to make acontrollable decision proof it with an example

[@chenarjamil9272]

Thank you sir

[@Edspira]

So nice of you

[@zenandezenande3941]

tomorrow i'm writing,why am i finding these useful videos now lord.....11/11/2018

[@Excellery]

Thanks

[@Edspira]

No problem!

[@josephdecker5660]

Hi Michael, Quick question - Does your Managerial Playlist Video also go over Cost Accounting? In my school we have two cost accounting classes (1) Managerial and (2) Cost Accounting. I've been using your videos since last year, and it has substantially made learning so much easier. Appreciate it, JD

[@Edspira]

Yes, I have a lot of Cost Accounting topics!

[@Dr.Sohrab1]

good job i am doing same

[@omarzaifulizan3064]

bruh this is like the 3rd time im changing my major lmfaooo

[@portal9935]

Omar Zaifulizan 🤣🤣🤣🤣🤣 relatable

[@kingofhearts8997]

can you recommend a managerial accounting book that describes a lot things in detail or clearly.\

[@maximusfabius]

Hi.By how much the material here does cover CMA exams? Thanks.

[@oooglesamater7587]

I from somaliland and really iam very wondering these videos

[@quentinm.williams9]

i am taking accounting 2 (managerial accounting) starting in march and it seems way harder than financial accounting.

[@raychelrenae5168]

Update? How was it? I take it in the fall

[@quentinm.williams9]

@@raychelrenae5168 pretty easy. harder than accounting 1 in my opinion, but still easy. ended the class with a high A.

[@gobirds9132]

​@@quentinm.williams9 How much would I will pay you to take my exam in April. LOL

[@Lovejoy1173]

@@gobirds9132 😆😆😆

[@joelyaw535]

Scenario You are working as a graduate within the engineering department of a manufacturing and consulting focused public listed company. You and your team are working on the post-COVID recovery and how best to allocate capital. Your team has $1,000,000 in capital at their disposal. The entire department is going to have a conference call next week and you have been asked to prepare a memo for the team regarding the financial options being considered. As the accounting department will be joining your memo is to prepare the staff for the call. The accountants are expected to use terms which may not be fully understood by the greater department. So your memo will be distributed before the call or you may be asked to speak on the call to assist everyone's understanding. The memo should discuss each of the following: 2. The stock price of your company has suffered due to the economic downturn. A focus at the company may be to encourage both current and prospective shareholders. Explain one way that the company could deploy company-wide excess capital to directly incentivise these investors.

[@vmsope]

I hate my school like we just finished 2 chapters and still don’t know what the course name means” managerial accounting” and what’s for. like thanks

[@EsgAr13SPOT]

same mate, pretty much this video is better than my uni classes....

[@tingting4564]

im sorry , if can , can you put subtitles? bcoz my english that good so i cant follow the steps . sorry about it but it is nice :D

[@tingting4564]

im mean my english not that good **

[@steveharvey5362]

So managerial accounting is essentially about using common sense?

[@italianrepsta]

omg this stuff is so boring to learn but its crucial to my career fuckk!

[@rabihjawhar451]

Anyone tried to wipe off the video logo on the bottom right corner of the screen? LOL

[@chowdownke7660]

A tweet brought us here..

[@Edspira]

Which tweet?

[@yoshinegus4019]

i'm not going to sell you my couch or LOVE SEAT for less than it took to make it! And any of my employees will be FIRED for stealing paper or leaving the lights on! This is INTERNAL only, who cares about following GAAP?

[@johnbenz82]

Yoshi Negus sounding like a lil bitch

[@user-yz3ez3nj1l]

One of the main characteristics to managerial accounting is useful tool to make acontrollable decision proof it with an example