Responsibility Accounting & Performance Measurement


Managerial accounting tools of responsibility accounting and other performance measures related to decentralization

What you will learn

Managerial accounting concepts

Responsibility accounting system and how it can improve performance

How to define and apply direct and indirect expenses

How to allocate indirect expenses using different activity basis

Steps to create a departmental income statement

How to put together a forcasted departmental income statement

How to calculate and interpret return on investment (ROI)

Description

Responsibility accounting & performance measures.

We will describe the concept of decentralization, how it applies to businesses, and the pros and cons of a more decentralized organization from a centralized one.

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The course will cover general managerial accounting concepts necessary to study responsibility accounting, comparing and contrasting managerial accounting and financial accounting.

We will explain what a responsibility accounting system looks like and the benefits of a responsibility accounting system.

The course will discuss the categorization of costs between direct costs and indirect costs and why this categorization between direct and indirect is useful for reporting financial data by department.

We will describe the problems with allocating indirect costs to the proper departments and explain various methods for allocating indirect costs.


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The course will describe what a departmental income statement is and how to create a departmental income statement.

We will explore what a forecasted departmental income statement is and put together a forecasted departmental income statement.

The course will discuss other performance measures like return on investment (ROI) and a balance scorecard.

We will also complete a comprehensive problem using preformatted Excel worksheets and step by step instructional videos.

English
language

Content

Introduction

Introduction
PDF – 150 Decentralization
150 Decentralization
PDF – 155 Performance Evaluation & Department Classifications
155 Performance Evaluation & Department Classifications
Multiple Choice Question 1
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Managerial Accounting Overview

2 Managerial Accounting Overview
PDF – 10 Managerial Accounting Introduction
10 Managerial Accounting Introduction
PDF – 20 Cost Classifications
20 Cost Classifications
PDF – 30 Product Costs & Period Costs.
30 Product Costs & Period Costs.ENCODING
PDF – 40 Prime Costs & Conversion Costs
40 Prime Costs & Conversion Costs
PDF – 50 Manufacturer’s Balance Sheet
50 Manufacturer’s Balance Sheet
PDF – 60 Manufacturer’s Income Statement
60 Manufacturer’s Income Statement
PDF – 70 Manufacturing Activities Flow
70 Manufacturing Activities Flow
PDF – 80 Just In Time (JIT) Manufacturing
80 Just In Time (JIT) Manufacturing
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Responsibility Accounting System

3 Responsibility Accounting System
PDF – 160 Controllable vs. Uncontrollable Costs
160 Controllable vs. Uncontrollable Costs
PDF – 170 Responsibility Accounting System
170 Responsibility Accounting System
PDF – 172 Responsibility Accounting Performance Reports
172 Responsibility Accounting Performance Reports
Excel Download
Worksheet – 172 Performance Report
Multiple Choice Question 2
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Direct and Indirect Expenses

4 Direct and Indirect Expenses
PDF – 180 Direct & Indirect Expenses
180 Direct & Indirect Expenses
Multiple Choice Question 3
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Indirect Expenses Allocation

5 Indirect Expenses Allocation
PDF – 190 Indirect Expenses Allocation
190 Indirect Expenses Allocation
PDF – 192 Indirect Expense Allocation
192 Indirect Expense Allocation
Excel Download
Worksheet – 192 Indirect Expense Allocation
PDF – 194 Allocation of Occupancy Costs
194 Allocation of Occupancy Costs
Excel Download
Worksheet – 194 Allocation of Occupancy Costs
Multiple Choice Question 4
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Departmental Income Statements

6 Departmental Income Statements
PDF – 200 Departmental Income Statement Steps
200 Departmental Income Statement Steps
PDF – 210 Example – Departmental Income Statement Steps
210 Example – Departmental Income Statement Steps
Excel Download
Worksheet – 211 Cost Allocations on a Sales Value Basis
Multiple Choice Question 5
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Forecasted Departmental Income Statement

7 Forecasted Departmental Income Statement
PDF – 212 Forecasted Departmental Income Statement
212 Forecasted Departmental Income Statement
Excel Download
Worksheet – 212 Forecasted Departmental Income Statement
Multiple Choice Question 6
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Return on Investment (ROI)

8 Return on Investment (ROI)
PDF – 220 Investment Center Return On Investment (ROI)
220 Investment Center Return On Investment (ROI)
Excel Download
Worksheet – 220 Investment Center Return On Investment (ROI)
Multiple Choice Question 7
Multiple Choice Question 8
Short Calculation 1
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Balance Scorecard

9 Balance Scorecard
PDF – 250 Balance Scorecard
250 Balance Scorecard
Multiple Choice Question 9
Multiple Choice Question 10
Short Calculation 2
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Comprehensive Problem

10 Comprehensive Problem
Excel Download
Worksheet – 210 Comp Expense Allocation to Department
Multiple Choice Question 11
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