Responsibility Accounting & Performance Measurement
Empowering Financial Performance: Mastering Responsibility Accounting and Performance Measurement Strategies
4.08 (159 reviews)
47,670
students
7.5 hours
content
May 2019
last update
$59.99
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What you will learn
Define responsibility accounting and explain its role in decentralized organizations, highlighting the advantages and disadvantages of decentralization.
Differentiate between managerial accounting and financial accounting, understanding their respective roles and how they contribute to responsibility accounting.
Identify the components of a responsibility accounting system and analyze its benefits for performance evaluation and decision-making.
Categorize costs as direct or indirect and understand the significance of this categorization for departmental financial reporting and analysis.
Evaluate various methods of allocating indirect costs to departments, considering the strengths and limitations of each method.
Construct departmental income statements, demonstrating the ability to prepare and analyze financial statements at the department level.
Forecast departmental income statements, utilizing forecasting techniques to project future financial performance and make informed decisions.
Analyze performance measures like ROI and balanced scorecard for effective evaluation.
Apply responsibility accounting principles to real-world scenarios for problem-solving.
Utilize Excel for calculations, financial statements, and data analysis in responsibility accounting.
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2352930
udemy ID
5/5/2019
course created date
8/25/2019
course indexed date
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