Introduction to Managerial Accounting

This video defines Managerial Accounting and explains five key functions: planning, decision-making, motivating, controlling, and performance evaluation. Because Cost Accounting is a subset of Managerial Accounting, this video introduces topics that pertain to both Managerial Accounting and Cost Accounting.
-
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
-
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* eepurl.com/dIaa5z
-
SUPPORT EDSPIRA ON PATREON
* / prof_mclaughlin
-
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* edspira.thinkific.com
-
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: podcasts.apple.com/us/podcast...
* Spotify: open.spotify.com/show/4WaNTqV...
* Website: www.edspira.com/podcast-2/
-
GET TAX TIPS ON TIKTOK
* / prof_mclaughlin
-
ACCESS INDEX OF VIDEOS
* www.edspira.com/index
-
CONNECT WITH EDSPIRA
* Facebook: / edspira
* Instagram: / edspiradotcom
* LinkedIn: / edspira
-
CONNECT WITH MICHAEL
* Twitter: / prof_mclaughlin
* LinkedIn: / prof-michael-mclaughlin
-
ABOUT EDSPIRA AND ITS CREATOR
* www.edspira.com/about/
* michaelmclaughlin.com

Пікірлер: 87

  • @versontealexander1770
    @versontealexander17704 жыл бұрын

    You could literally charge thousands this is best managerial accounting course on KZread and you express ideas that are easily understood thank you for being a great teacher

  • @kw4265
    @kw42654 ай бұрын

    I'm a first year student of accounting and I really appreciate these videos. My textbook doesn't always explain things in a way that clicks for me, so I like to come here and watch your videos after I read a chapter to hear it explained by someone with lots of experience. This channel is such a great resource for students!

  • @Edspira

    @Edspira

    4 ай бұрын

    I'm so glad you're finding the videos helpful!

  • @10010011001100110101
    @100100110011001101017 жыл бұрын

    You deserve to be paid for these videos

  • @devon7584

    @devon7584

    2 жыл бұрын

    Let the ads play!

  • @cosmicwaves6938
    @cosmicwaves69382 жыл бұрын

    1. Planning 2. Decision-making 3. Directing and Motivating 4. Controlling 5. Performance Evaluation

  • @jothenater
    @jothenater5 жыл бұрын

    I'm so happy I found these videos. You're an amazing teacher. All my gratitude!

  • @mmeooow
    @mmeooow2 жыл бұрын

    i love this little over all review from a wide angle lense of Man. Acct...but theres so much more to it :( ugh....CVP analysis, ABC costing, equivalent units, traditional vs variable costing, production cost reports, Break even analysis, margin of safety, and all the ratios, standard costing and variances, sell or process further decisions,,, SO many formulas! Im taking my final in two days, ugh , wish me luck. im so scared to fail ugh. this class was tough

  • @nefwaenre
    @nefwaenre2 жыл бұрын

    i will be taking managerial accounting as i intend to get an MBA. You lectures are bite sized and very captivating from start to finish! Thank you very much for the videos and of course also for making a playlist of it!

  • @mindandsoul90
    @mindandsoul906 жыл бұрын

    Your videos are of great help for quick revison of topics. Thank you for your work.

  • @PhuongAnh-ue8hd
    @PhuongAnh-ue8hd4 жыл бұрын

    Thank you for always making these awesome videos! This helped me a lot as a student who survives by scholarships.

  • @lindamorman7425
    @lindamorman74255 жыл бұрын

    Very helpful! Great job, keep it up! Thanks for sharing.

  • @evantipova83
    @evantipova832 жыл бұрын

    Thank you for your your videos and in general for your work and mission, you are just great! Good luck in everything!!!!

  • @MyFinancialFocus
    @MyFinancialFocus2 жыл бұрын

    I love budget accounting because it’s transferable from business to personal finance :)

  • @brianmusonda1185
    @brianmusonda11853 ай бұрын

    You are a great teacher! Receive flowers from Zambia , LUSAKA

  • @Lovejoy1173
    @Lovejoy1173 Жыл бұрын

    Wow! You made it super easy to understand and interesting at the same time. Hope my instructors are this good.

  • @jonathanacuna
    @jonathanacuna2 жыл бұрын

    Wow, simple, great examples. This was helpful!

  • @RA-nu8ue
    @RA-nu8ue4 жыл бұрын

    thank you so much this is very helpful and helped me so much in my exams thank you!

  • @siyandahadebe9208
    @siyandahadebe92084 жыл бұрын

    Broooo you're a don, bless your heart

  • @matteomarcantoni7633
    @matteomarcantoni76334 жыл бұрын

    Thanks for your videos, they are so helpful!

  • @manojparmar878
    @manojparmar8784 ай бұрын

    Now I see this video account look simple when see books and videos of my college lectures account not go in my mind.

  • @vivilin4571
    @vivilin45719 жыл бұрын

    Really like your videos!!! Short and sweet, and to the point.

  • @dylantkl
    @dylantkl6 жыл бұрын

    Thank you for sharing the video sir!

  • @alphonso8452
    @alphonso84524 жыл бұрын

    Nice concise videos. Well done and thanks!

  • @jihoon1839
    @jihoon18396 жыл бұрын

    Thank you so much. I am currently preparing for my Managerial accounting course in college. I am watching this video to prepare for my final exam. Other than watching this video, do you have any other suggestions, thank you.

  • @floatingreserve
    @floatingreserve7 жыл бұрын

    Sir, you are awesome!

  • @pirravinsooriyakumar5542
    @pirravinsooriyakumar55423 жыл бұрын

    Thank you this helps me a lot to become a successful project manager and my managerial accounting professor only teaches for 1 hour or 1 and half. I wish you were my teacher.

  • @Edspira

    @Edspira

    3 жыл бұрын

    Glad it was helpful!

  • @bezajolie5892
    @bezajolie58925 жыл бұрын

    thank you sir, keep it up.

  • @adamsaldana5462
    @adamsaldana54625 жыл бұрын

    I started as a bookkeeper a little over a year ago, buti didnt realize how much i love this type of work.

  • @cabdirahmanahmed3284
    @cabdirahmanahmed32845 жыл бұрын

    Thanks your voice clear i undersantan very well allah keep you any thing

  • @minhhuongdoan5930
    @minhhuongdoan59305 жыл бұрын

    Thank you a lot!

  • @MrBlackjack456
    @MrBlackjack4567 жыл бұрын

    Keep up the good work, It is helping me a lot with CMA exam prep. Thanks a lot! hoping to see a lot more videos.

  • @yigitbey2782
    @yigitbey27826 жыл бұрын

    thank you so much sir!

  • @amabelorok758
    @amabelorok7586 ай бұрын

    Your tutorial is so simple hope the other part of Mangerial accounting is that simple

  • @christianr6303
    @christianr63033 жыл бұрын

    Super helpful for my accounting course, thank you!

  • @Edspira

    @Edspira

    3 жыл бұрын

    You're very welcome!

  • @stephengitonga5461
    @stephengitonga54613 жыл бұрын

    Very helpful videos. thankyou sir

  • @jed_vc5010
    @jed_vc50105 жыл бұрын

    thank you very much!

  • @priyankakundnani1706
    @priyankakundnani17066 жыл бұрын

    your videos are really helpful. keep sharing!

  • @Edspira

    @Edspira

    6 жыл бұрын

    Thanks!

  • @Sendarrubius57
    @Sendarrubius576 жыл бұрын

    Gracias crack seguramente suspenda pero bueno gracias de todas maneras, maquina, figura, ídolo, mastodonte, tifón, jefe

  • @josephdecker5660
    @josephdecker56606 жыл бұрын

    Hi Michael, Quick question - Does your Managerial Playlist Video also go over Cost Accounting? In my school we have two cost accounting classes (1) Managerial and (2) Cost Accounting. I've been using your videos since last year, and it has substantially made learning so much easier. Appreciate it, JD

  • @Edspira

    @Edspira

    6 жыл бұрын

    Yes, I have a lot of Cost Accounting topics!

  • @maximusfabius
    @maximusfabius7 жыл бұрын

    Hi.By how much the material here does cover CMA exams? Thanks.

  • @user-yz3ez3nj1l
    @user-yz3ez3nj1l3 жыл бұрын

    One of the main characteristics to managerial accounting is useful tool to make acontrollable decision proof it with an example

  • @robalytics2071
    @robalytics2071 Жыл бұрын

    Thank you for the great content

  • @Edspira

    @Edspira

    Жыл бұрын

    Glad you enjoy it!

  • @kingofhearts8997
    @kingofhearts89973 жыл бұрын

    can you recommend a managerial accounting book that describes a lot things in detail or clearly.\

  • @alessandro4512
    @alessandro45126 жыл бұрын

    forget college. just subscribe to this guy.

  • @Edspira

    @Edspira

    6 жыл бұрын

    lol

  • @chenarjamil9272
    @chenarjamil92724 жыл бұрын

    Thank you sir

  • @Edspira

    @Edspira

    4 жыл бұрын

    So nice of you

  • @Dr.Sohrab1
    @Dr.Sohrab12 жыл бұрын

    good job i am doing same

  • @Excellery
    @Excellery3 жыл бұрын

    Thanks

  • @Edspira

    @Edspira

    3 жыл бұрын

    No problem!

  • @omarzaifulizan3064
    @omarzaifulizan30644 жыл бұрын

    bruh this is like the 3rd time im changing my major lmfaooo

  • @portal9935

    @portal9935

    4 жыл бұрын

    Omar Zaifulizan 🤣🤣🤣🤣🤣 relatable

  • @zenandezenande3941
    @zenandezenande39415 жыл бұрын

    tomorrow i'm writing,why am i finding these useful videos now lord.....11/11/2018

  • @quentinm.williams9
    @quentinm.williams93 жыл бұрын

    i am taking accounting 2 (managerial accounting) starting in march and it seems way harder than financial accounting.

  • @raychelrenae5168

    @raychelrenae5168

    3 жыл бұрын

    Update? How was it? I take it in the fall

  • @quentinm.williams9

    @quentinm.williams9

    3 жыл бұрын

    @@raychelrenae5168 pretty easy. harder than accounting 1 in my opinion, but still easy. ended the class with a high A.

  • @gobirds9132

    @gobirds9132

    2 жыл бұрын

    ​@@quentinm.williams9 How much would I will pay you to take my exam in April. LOL

  • @Lovejoy1173

    @Lovejoy1173

    Жыл бұрын

    @@gobirds9132 😆😆😆

  • @tingting4564
    @tingting45647 жыл бұрын

    im sorry , if can , can you put subtitles? bcoz my english that good so i cant follow the steps . sorry about it but it is nice :D

  • @tingting4564

    @tingting4564

    7 жыл бұрын

    im mean my english not that good **

  • @oooglesamater7587
    @oooglesamater75878 жыл бұрын

    I from somaliland and really iam very wondering these videos

  • @ericalekey3802
    @ericalekey38028 күн бұрын

  • @vmsope
    @vmsope4 жыл бұрын

    I hate my school like we just finished 2 chapters and still don’t know what the course name means” managerial accounting” and what’s for. like thanks

  • @EsgAr13SPOT

    @EsgAr13SPOT

    3 жыл бұрын

    same mate, pretty much this video is better than my uni classes....

  • @steveharvey5362
    @steveharvey53625 жыл бұрын

    So managerial accounting is essentially about using common sense?

  • @joelyaw535
    @joelyaw5354 жыл бұрын

    Scenario You are working as a graduate within the engineering department of a manufacturing and consulting focused public listed company. You and your team are working on the post-COVID recovery and how best to allocate capital. Your team has $1,000,000 in capital at their disposal. The entire department is going to have a conference call next week and you have been asked to prepare a memo for the team regarding the financial options being considered. As the accounting department will be joining your memo is to prepare the staff for the call. The accountants are expected to use terms which may not be fully understood by the greater department. So your memo will be distributed before the call or you may be asked to speak on the call to assist everyone's understanding. The memo should discuss each of the following: 2. The stock price of your company has suffered due to the economic downturn. A focus at the company may be to encourage both current and prospective shareholders. Explain one way that the company could deploy company-wide excess capital to directly incentivise these investors.

  • @italianrepsta
    @italianrepsta6 жыл бұрын

    omg this stuff is so boring to learn but its crucial to my career fuckk!

  • @rabihjawhar451
    @rabihjawhar4515 жыл бұрын

    Anyone tried to wipe off the video logo on the bottom right corner of the screen? LOL

  • @chowdownke7660
    @chowdownke76606 жыл бұрын

    A tweet brought us here..

  • @Edspira

    @Edspira

    6 жыл бұрын

    Which tweet?

  • @yoshinegus4019
    @yoshinegus40198 жыл бұрын

    i'm not going to sell you my couch or LOVE SEAT for less than it took to make it! And any of my employees will be FIRED for stealing paper or leaving the lights on! This is INTERNAL only, who cares about following GAAP?

  • @johnbenz82

    @johnbenz82

    7 жыл бұрын

    Yoshi Negus sounding like a lil bitch

  • @user-yz3ez3nj1l
    @user-yz3ez3nj1l3 жыл бұрын

    One of the main characteristics to managerial accounting is useful tool to make acontrollable decision proof it with an example