Accounting for Managers
Author: Robert K Minniti
| CPE Credit: |
2 hours for CPAs |
This course is designed for individuals who would like to obtain a basic understanding of accounting for managers. We will discuss ways managers can leverage information received from the accounting department to improve their operations and what information they should ask for from the accounting department. We will discuss the differences in cost accounting versus financial accounting and provide a glossary of accounting terms.
Publication Date: February 2021
Designed For
CPAs, Accounting Managers, and any individuals that want to expand their knowledge in management accounting.
Topics Covered
- Types of Accounting
- Financial Statements
- Financial Statement Assertions
- The Fraud Triangle
- Accounting terms
- Internal Controls
- COSO Framework for Internal Control
- The Accounting Equation
- Contribution Margin Ratio
- Types of Inventory
- Types of Fixed Assets
- Depreciation
- Improvements vs Repairs & Maintenance
- New 1099”NEC
- New W”4
- Some Key Definitions
- Accounting for Managers
- Budgeting
Learning Objectives
- Identify basic accounting concepts
- Recognize and apply accounting concepts
- Identify how understanding accounting makes a better manager
- Describe accounting terms
- Differentiate between cost accounting vs financial accounting
- Recognize components of the COSO Framework for Internal Controls
- Describe the correct accounting equation
- Identify the five (5) core principles for revenue recognition
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Accounting (2 hours)
Program Prerequisites
None
Advance Preparation
None
