Introduction to Managerial Accounting

Поділитися
Вставка
  • Опубліковано 8 сер 2024
  • 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.
    -
    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.
    -
    SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
    • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
    • A 44-PAGE GUIDE TO U.S. TAXATION
    • A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
    • MANY MORE FREE PDF GUIDES AND SPREADSHEETS
    * eepurl.com/dIaa5z
    -
    SUPPORT EDSPIRA ON PATREON
    * / prof_mclaughlin
    -
    GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
    * edspira.thinkific.com
    -
    LISTEN TO THE SCHEME PODCAST
    * Apple Podcasts: podcasts.apple.com/us/podcast...
    * Spotify: open.spotify.com/show/4WaNTqV...
    * Website: www.edspira.com/podcast-2/
    -
    GET TAX TIPS ON TIKTOK
    * / prof_mclaughlin
    -
    ACCESS INDEX OF VIDEOS
    * www.edspira.com/index
    -
    CONNECT WITH EDSPIRA
    * Facebook: / edspira
    * Instagram: / edspiradotcom
    * LinkedIn: / edspira
    -
    CONNECT WITH MICHAEL
    * Twitter: / prof_mclaughlin
    * LinkedIn: / prof-michael-mclaughlin
    -
    ABOUT EDSPIRA AND ITS CREATOR
    * www.edspira.com/about/
    * michaelmclaughlin.com

КОМЕНТАРІ • 88

  • @versontealexander1770
    @versontealexander1770 4 роки тому +105

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

  • @kw4265
    @kw4265 4 місяці тому +6

    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
      @Edspira  4 місяці тому

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

  • @cosmicwaves6938
    @cosmicwaves6938 2 роки тому +36

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

  • @10010011001100110101
    @10010011001100110101 7 років тому +112

    You deserve to be paid for these videos

    • @devon7584
      @devon7584 2 роки тому +5

      Let the ads play!

  • @jothenater
    @jothenater 5 років тому +33

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

  • @nefwaenre
    @nefwaenre 2 роки тому +5

    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
    @mindandsoul90 6 років тому

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

  • @PhuongAnh-ue8hd
    @PhuongAnh-ue8hd 4 роки тому +3

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

  • @Lovejoy1173
    @Lovejoy1173 Рік тому +2

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

  • @lindamorman7425
    @lindamorman7425 5 років тому +1

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

  • @mmeooow
    @mmeooow 2 роки тому +2

    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

  • @MyFinancialFocus
    @MyFinancialFocus 2 роки тому +3

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

  • @evantipova83
    @evantipova83 2 роки тому

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

  • @jonathanacuna
    @jonathanacuna 2 роки тому

    Wow, simple, great examples. This was helpful!

  • @brianmusonda1185
    @brianmusonda1185 3 місяці тому

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

  • @siyandahadebe9208
    @siyandahadebe9208 4 роки тому +7

    Broooo you're a don, bless your heart

  • @vivilin4571
    @vivilin4571 9 років тому +5

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

  • @matteomarcantoni7633
    @matteomarcantoni7633 4 роки тому

    Thanks for your videos, they are so helpful!

  • @RA-nu8ue
    @RA-nu8ue 4 роки тому +1

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

  • @alphonso8452
    @alphonso8452 4 роки тому

    Nice concise videos. Well done and thanks!

  • @jihoon1839
    @jihoon1839 6 років тому +1

    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.

  • @dylantkl
    @dylantkl 6 років тому

    Thank you for sharing the video sir!

  • @pirravinsooriyakumar5542
    @pirravinsooriyakumar5542 3 роки тому +2

    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
      @Edspira  3 роки тому

      Glad it was helpful!

  • @amabelorok758
    @amabelorok758 6 місяців тому

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

  • @bezajolie5892
    @bezajolie5892 5 років тому +5

    thank you sir, keep it up.

  • @floatingreserve
    @floatingreserve 7 років тому +1

    Sir, you are awesome!

  • @MrBlackjack456
    @MrBlackjack456 7 років тому +3

    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.

  • @stephengitonga5461
    @stephengitonga5461 3 роки тому

    Very helpful videos. thankyou sir

  • @christianr6303
    @christianr6303 3 роки тому +2

    Super helpful for my accounting course, thank you!

    • @Edspira
      @Edspira  3 роки тому +1

      You're very welcome!

  • @cabdirahmanahmed3284
    @cabdirahmanahmed3284 5 років тому

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

  • @manojparmar878
    @manojparmar878 4 місяці тому

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

  • @minhhuongdoan5930
    @minhhuongdoan5930 5 років тому +1

    Thank you a lot!

  • @adamsaldana5462
    @adamsaldana5462 5 років тому +2

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

  • @jed_vc5010
    @jed_vc5010 5 років тому +1

    thank you very much!

  • @yigitbey2782
    @yigitbey2782 6 років тому

    thank you so much sir!

  • @priyankakundnani1706
    @priyankakundnani1706 6 років тому

    your videos are really helpful.
    keep sharing!

  • @Sendarrubius57
    @Sendarrubius57 6 років тому

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

  • @maximusfabius
    @maximusfabius 7 років тому

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

  • @alessandro4512
    @alessandro4512 6 років тому +3

    forget college. just subscribe to this guy.

  • @user-yz3ez3nj1l
    @user-yz3ez3nj1l 3 роки тому

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

  • @josephdecker5660
    @josephdecker5660 6 років тому +1

    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
      @Edspira  6 років тому +2

      Yes, I have a lot of Cost Accounting topics!

  • @kingofhearts8997
    @kingofhearts8997 3 роки тому +1

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

  • @robalytics2071
    @robalytics2071 Рік тому +1

    Thank you for the great content

    • @Edspira
      @Edspira  Рік тому

      Glad you enjoy it!

  • @Dr.Sohrab1
    @Dr.Sohrab1 2 роки тому

    good job i am doing same

  • @chenarjamil9272
    @chenarjamil9272 4 роки тому +1

    Thank you sir

    • @Edspira
      @Edspira  4 роки тому

      So nice of you

  • @zenandezenande3941
    @zenandezenande3941 5 років тому

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

  • @omarzaifulizan3064
    @omarzaifulizan3064 4 роки тому +11

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

    • @portal9935
      @portal9935 4 роки тому

      Omar Zaifulizan 🤣🤣🤣🤣🤣 relatable

  • @Excellery
    @Excellery 3 роки тому +1

    Thanks

  • @Akashdeep_singh5
    @Akashdeep_singh5 День тому

    Its theory subject??

  • @oooglesamater7587
    @oooglesamater7587 8 років тому

    I from somaliland and really iam very wondering these videos

  • @tingting4564
    @tingting4564 7 років тому +1

    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
      @tingting4564 7 років тому

      im mean my english not that good **

  • @steveharvey5362
    @steveharvey5362 5 років тому +1

    So managerial accounting is essentially about using common sense?

  • @quentinm.williams9
    @quentinm.williams9 3 роки тому +2

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

    • @raychelrenae5168
      @raychelrenae5168 3 роки тому +1

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

    • @quentinm.williams9
      @quentinm.williams9 3 роки тому +2

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

    • @gobirds9132
      @gobirds9132 2 роки тому

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

    • @Lovejoy1173
      @Lovejoy1173 Рік тому

      @@gobirds9132 😆😆😆

  • @ericalekey3802
    @ericalekey3802 9 днів тому

  • @vmsope
    @vmsope 4 роки тому +1

    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
      @EsgAr13SPOT 3 роки тому

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

  • @joelyaw535
    @joelyaw535 4 роки тому +1

    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.

  • @italianrepsta
    @italianrepsta 6 років тому +1

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

  • @rabihjawhar451
    @rabihjawhar451 5 років тому

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

  • @chowdownke7660
    @chowdownke7660 6 років тому +1

    A tweet brought us here..

    • @Edspira
      @Edspira  6 років тому

      Which tweet?

  • @yoshinegus4019
    @yoshinegus4019 8 років тому

    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
      @johnbenz82 7 років тому

      Yoshi Negus sounding like a lil bitch

  • @user-yz3ez3nj1l
    @user-yz3ez3nj1l 3 роки тому

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