Managerial Accounting
Principles II
Open to see guidance on how to use the materials for each subject
- Start by identifying and clicking on the subject you need to learn
- Review the Key Things to Know for the topic.
- Watch the Video Lectures for Step-by-Step instruction for procedures.
- Take the Self-Test to make sure you understand the terminology and formulas.
- Work the Practice as You Learn problems to reinforce the concepts you’ve reviewed.
- Now you’re ready to start to work your practice tests!
- Work the Self Test, then the Easy Test, followed by the Medium Test and
Hard Test (if it gets harder) as your understanding significantly increases.
- Work the Self Test, then the Easy Test, followed by the Medium Test and
- Take specific notes on what you are missing and what to watch out for so that you do not make the same mistake on your test.
- Make sure you write out the answers to the problems on paper (like you will do on your test).
Subjects Covered
Managerial vs. Financial Accounting
Determine the Cost of Making One Product
Cost Behavior: Fixed, Variable, Mixed
Mixed Costs: High/Low, Scatter-plot
Capital Investments ( Long Term Decisions )
Variable Cost Variance Analysis
Variable Cost & Absorption Cost Income Statement