Course curriculum

  • 02

    Managerial Accounting Overview

  • 03

    Payback Period & Accounting Rate of Return

    • 3 Payback Period & Accounting Rate of Return

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    • PDF - 210 Payback Period, Accounting Rate of Return, & Net Present Value

    • 210 Payback Period, Accounting Rate of Return, & Net Present Value

    • Download Excel Worksheet

    • Worksheet - 210 Payback period, accounting rate of return net present value of project-Excel (1)

    • Multiple choice questions 2

    • Accounting Comic Break

  • 04

    Present Value of A Single Amount

    • 4 Present Value of A Single Amount

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    • PDF - 350 Present Value

    • 350 Present Value

    • Download Excel Worksheet

    • Worksheet - 350 Present Value

    • PDF - 352 Present Value Months as Period

    • 352 Present Value Months as Period

    • Download Excel Worksheet

    • Worksheet - 352 Present Value Months

    • Multiple choice questions 3

    • Accounting Comic Break

  • 05

    Future Value of A Single Amount

    • 5 Future Value of A Single Amount

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    • PDF - 360 Future Value

    • 360 Future Value

    • Download Excel Worksheet

    • Worksheet - 360 Future Value

    • PDF - 362 Future Value Months As Period

    • 362 Future Value Months As Period

    • Download Excel Worksheet

    • Worksheet - 362 Future Value Months

    • PDF - 363 Future Value vs Present Value

    • 363 Future Value vs Present Value

    • Download Excel Worksheet

    • Worksheet - 363 Present Value vs Future Value

    • Multiple choice questions 4

    • Accounting Comic Break

  • 06

    Present Value of An Annuity

    • 6 Present Value of An Annuity

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    • PDF - 365 Present Value Annuity

    • 365 Present Value Annuity

    • Download Excel Worksheet

    • Worksheet - 365 Present Value Annuity

    • PDF - 366 Present Value Annuity Months as Period

    • 366 Present Value Annuity Months as Period

    • Download Excel Worksheet

    • Worksheet - 366 Present Value Annuity Months

    • Multiple choice questions 5

    • Accounting Comic Break

  • 07

    Future Value of An Annuity

    • 7 Future Value of An Annuity

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    • PDF - 367 Future Value Annuity

    • 367 Future Value Annuity

    • Download Excel Worksheet

    • Worksheet - 367 Future Value Annuity

    • PDF - 368 Future Value Annuity Months

    • 368 Future Value Annuity Months

    • Download Excel Worksheet

    • Worksheet 368 Present Value Annuity Months

    • Multiple choice questions 6

    • Discussion Question 1

    • Accounting Comic Break

  • 08

    Present & Future Value Cash Flow Examples

    • 8 Present & Future Value Cash Flow Examples

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    • PDF - 375 Present Value Cash Flow Examples

    • 375 Present Value Cash Flow Examples

    • Download Excel Worksheet

    • Worksheet - 375 Present Value Practice Data

    • PDF - 385 Future Value Cash Flow Examples

    • 385 Future Value Cash Flow Examples

    • Download Excel Worksheet

    • Worksheet - 385 Future Value Data Sets

    • Multiple choice questions 7

    • Discussion Question 2

    • Accounting Comic Break

  • 09

    Introduction to Present Value Terms Used In Capital Budgeting

  • 10

    Net Present Value (NPV)

    • 10 Net Present Value (NPV)

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    • PDF - 409 Net Present Value Assumptions

    • 409 Net Present Value Assumptions

    • PDF - 410 Net Present Value Calculation

    • 410 Net Present Value Calculation 2500 Part 1

    • 411 Net Present Value Calculation 2500 Part 2

    • Download Excel Worksheet

    • Worksheet - 409 Net present value - Excel (1)

    • Download Excel Worksheet

    • Worksheet - 411 Pay Back Accounting RR NPV

    • Download Excel Worksheet

    • Worksheet - 412 Pay Back Accounting RR NPV 2

    • Download Excel Worksheet

    • Worksheet - 413 Required return on investment

    • Multiple choice questions 9

    • Discussion Question 4

    • Accounting Comic Break

  • 11

    Internal Rate of Return (IRR)

    • 11 Internal Rate of Return (IRR)

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    • PDF - 510 Internal Rate of Return IRR

    • 510 Internal Rate of Return IRR

    • Download Excel Worksheet

    • Worksheet - 510 IRR Excel

    • Download Excel Worksheet

    • Worksheet 511 IRR NPV

    • Multiple choice questions 10

    • Discussion Question 5

    • Accounting Comic Break

  • 12

    Break Even Time

    • 12 Break Even Time (BET)

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    • PDF - 600 Break Even Time

    • 600 Break Even Time

    • Download Excel Worksheet

    • Worksheet - 600 Pay Back Period & Break Even Time

    • Multiple choice questions 11

    • Multiple choice questions 12

    • Discussion Question 6

    • Accounting Comic Break

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.

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.

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.

Who this course is for:
  • Accounting students
  • Business owners & professionals
  • Anyone who whats to learn accounting

Robert (Bob) Steele CPA CGMA CPI MStax

Instructor

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).

Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele’s teaching philosophy is to make content applicable, understandable, and accessible.

Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.

Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.

Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.

Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.

The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.

Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge.