This course is part of the Value Chain Management Specialization

4.7
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1,268 ratings

Gary Hecht, Ph.D.

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Part of the Master of Business Administration (iMBA) degree
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Value Chain Management SpecializationUniversity of Illinois at Urbana-Champaign

About this Course

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In this course, you will learn how to use accounting to facilitate and align decisions made by owners, managers, and employees. You will learn how accountants create, organize, interpret, and communicate information that improves internal processes and allows organizations to identify and leverage opportunities to create value within the supply chain and with customers. 
You will be able to: 

• Understand what managerial accounting is and why it is an important function for successful businesses
• Identify problems associated with relying on financial accounting information for internal decision making
• Organize cost information according to the decision-making needs of the organization
• Apply activity-based costing (ABC) and recognize circumstances and decisions for which ABC systems are relevant
• Address common "what-if" questions using cost-volume-profit (CVP) analysis and apply CVP in a variety of scenarios

This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 1 of 7 in the

Value Chain Management Specialization

Approx. 20 hours to complete

English

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Skills you will gain

Management Accounting
Cost Accounting
Activity Based Costing
Cost

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Course 1 of 7 in the

Value Chain Management Specialization

Approx. 20 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.69/5 (228 Ratings)

Gary Hecht, Ph.D.

Associate Professor of Accountancy

Department of Accountancy, College of Business

99,630 Learners

9 Courses

Offered by

University of Illinois at Urbana-Champaign

Start working towards your Master's degree

This course is part of the 100% online Master of Business Administration (iMBA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

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Syllabus - What you will learn from this course

Content Rating96%(4,895 ratings)

Week1

Week 1

5 hours to complete

Course Overview and Introduction to Managerial Accounting

5 hours to complete

12 videos (Total 34 min), 8 readings, 4 quizzes

12 videos

Welcome and Course Overview1mLearn on Your Terms30sLearning Objectives and What is Managerial Accounting4mThe Difference Between Financial and Managerial Accounting5mContemporary Issues2mWhat We've Learned in Lesson 1.151sLearning Objectives and Terminology2mCost Framework 1 - Objects3mCost Framework 2 - Behavior3mCost Framework 2 - Behavior Example5mWhat We've Learned in Lesson 1.258sModule 1 Review49s

8 readings

Syllabus10mAbout this Course: Ratings and Reviews10mAbout the Discussion Forums10mGlossary10mGetting to Know Your Classmates10mLearn More About Flexible Learning Paths10mModule 1 Overview10mModule 1 Readings1h 20m

4 practice exercises

Orientation Quiz30mLesson 1.1 Practice Quiz30mLesson 1.2 Practice Quiz30mManagerial Accounting Concepts Quiz30m

Week2

Week 2

4 hours to complete

Costing Systems I - Elements and Design

4 hours to complete

8 videos (Total 34 min), 2 readings, 3 quizzes

8 videos

Learning Objectives and Flow of Costs Through Financial Statements4mTwo Traditional Systems3mExtension - Overhead Costs6mWhat We've Learned in Lesson 2.145sLearning Objectives and Example Scenario9mThe Manager Did What?7mWhat We've Learned in Lesson 2.248sModule 2 Review50s

2 readings

Module 2 Overview10mModule 2 Readings1h 20m

3 practice exercises

Lesson 2.1 Practice Quiz30mLesson 2.2 Practice Quiz30mCosting Systems I - Elements and Design Quiz30m

Week3

Week 3

6 hours to complete

Costing Systems II - Activity-Based Costing

6 hours to complete

8 videos (Total 42 min), 2 readings, 4 quizzes

8 videos

Learning Objectives and General Approach and Overview4mFundamental Components3mABC Organization and Steps to Implementation7mWhat We've Learned in Lesson 3.11mLearning Objectives and Steps Through an Example19mOther Considerations4mWhat We've Learned in Lesson 3.255sModule 3 Review48s

2 readings

Module 3 Overview10mModule 3 Readings1h 20m

3 practice exercises

Lesson 3.1 Practice Quiz30mLesson 3.2 Practice Quiz30mCosting Systems II - Activity-Based Costing Quiz30m

Week4

Week 4

6 hours to complete

Cost-Volume-Profit (CVP) Analysis

6 hours to complete

8 videos (Total 46 min), 4 readings, 5 quizzes

8 videos

Learning Objectives and Cost-Volume-Profit Analysis Intro7mCost-Volume-Profit Analysis Example 18mCost-Volume-Profit Analysis Example 2 - Taxes10mWhat We've Learned in Lesson 4.11mLearning Objectives and Cost-Volume-Profit Example 3 - Multiple Products12mWhat We've Learned in Lesson 4.251sModule 4 Review59sGies Online Programs3m

4 readings

Module 4 Overview10mModule 4 Readings1hCongratulations10mGet Your Course Certificate10m

4 practice exercises

Lesson 4.1 Practice Quiz30mLesson 4.2 Practice Quiz30mCost-Volume-Profit (CVP) Analysis: Conceptual Quiz30mCost-Volume-Profit (CVP) Analysis: Quantitative Analysis Quiz10m

Reviews

4.7

291 reviews

5 stars
78.56%
4 stars
17.49%
3 stars
2.75%
2 stars
0.39%
1 star
0.78%

TOP REVIEWS FROM MANAGERIAL ACCOUNTING: COST BEHAVIORS, SYSTEMS, AND ANALYSIS

by IAJan 16, 2021

Well explained and understandable.... You definitely won't regret taking this course. Thanks to coursera and thanks to Professor Gary Hecht for making it easy.

by RBOct 3, 2022

Seems well-designed to test competency. However, didn't seem appropriate for those with absolutely no basic knowledge of accounting terms (e.g. what is "Gross Margin"?).

by KCFeb 3, 2019

excellent rendition of how the subject should be approached and learned. Kudos to Prof Gary. He is to be commended for his grasp of the subject, and capacity to teach.

by SMApr 27, 2022

Thank you for this fascinating course. It really was a practical period, although its relationship to value chain management was a bit vague.

View all reviews

About the Value Chain Management Specialization

The purpose of organizations is to produce and deliver goods and services of value to customers while generating a surplus for owners. Value chain management focuses on understanding what different customers value, measuring inputs and outputs to assess value, and generating higher value for customers and surpluses for organizations.

In this specialization, you will gain competencies that are critical for managers in any functional area. You will learn to create, model, analyze, and maximize value in accounting, operations, and marketing. This specialization is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program here.

Frequently Asked Questions

When will I have access to the lectures and assignments?
Access to lectures and assignments depends on your type of enrollment. If you take a course in audit mode, you will be able to see most course materials for free. To access graded assignments and to earn a Certificate, you will need to purchase the Certificate experience, during or after your audit. If you don't see the audit option:
The course may not offer an audit option. You can try a Free Trial instead, or apply for Financial Aid.
The course may offer 'Full Course, No Certificate' instead. This option lets you see all course materials, submit required assessments, and get a final grade. This also means that you will not be able to purchase a Certificate experience.
What will I get if I subscribe to this Specialization?
When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. Your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

More questions? Visit the Learner Help Center.

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Managerial Accounting: Cost Behaviors, Systems, and Analysis

About this Course

Skills you will gain