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The Best Online Courses to Deepen your Knowledge of Management Accounting

Management Accounting is part of our Online Finance Series

  • May 30, 2019

Those of you, who want a prolific career in management accounting, should seek a course about this subject because an educational program is always a good place to start. The courses listed below offer the necessary foundation to achieve lucrative positions in various professions that are linked to the accounting process. So, if you want to successfully manage an entire accounting department, you must first instill the necessary qualities.

Optimal programs provide comprehensive coursework that combines both theoretical lectures with practical workshops in order to prepare you for your future role as a management accounting specialist. All these courses and materials will prove themselves extremely useful, especially if you consider their wide applicability. In other words, once you complete this kind of program, you will be able to find a job in a large array of industries and office environments such as utility companies, accounting businesses, insurance organizations, and even call centers.

Beginners will have the opportunity to fill administrative assistant positions while advanced students can even secure a management position. Enrolling in any of the following courses is a great and convenient way to access valuable coursework, no matter where you’re from and without leaving the privacy and comfort of your own home. Occasionally, students who complete management accounting programs can find work in internal auditing or financial analysis departments.

In the following section, you will discover the courses we recommend as being the major management accounting educational programs you can find online.

1

This course will teach you the fundamentals of managerial accounting including how to navigate the financial and related information managers need to help them make decisions. You'll learn about cost behavior and cost allocation systems, how to conduct cost-volume-profit analysis, and how to determine if costs and benefits are relevant to your decisions. By the end of this course, you will be able to:

  1. Describe different types of costs and how they are represented graphically
  2. Conduct cost-volume-profit analyses to answer questions around breaking even and generating profit
  3. Calculate and allocate overhead rates within both traditional and activity-based cost allocation systems
  4. Distinguish costs and benefits that are relevant from those that are irrelevant for a given management decision
  5. Determine a reasonable course of action, given the financial impact, for a given management decision
  • ★★★★★  (4.8) based on 44 ratings
  • Course duration: 17 hours
  • Course type: Self-paced with instructor
  • Course level: Beginner
  • Course price: $ 49.00 / Per month (7-day FREE trial)
  • 5,176 people have done this course
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2

How do you find the money necessary to effectively manage your business? How do you know if a business opportunity is worthwhile? When should you invest in a stock, bond or company? Do you fear the financial side of growing your organization?

This finance course will take the mystery out of financial analysis and help you make the right business decisions. In order to establish your company you need to secure funding. Once you have money, you need to determine the most efficient and effective use of your capital. You also need to have the knowledge to have professional and engaging conversations with finance professionals who control access to funding.

In this course, you will discover a variety of options for funding your business and how to successfully negotiate financial opportunities. You will learn how to value and evaluate ideas to determine the appropriate benefits and costs in order to screen them correctly. Finally, you will learn how to value a business and the securities you can use to potentially fund your organization.

This course is part of the Business Principles and Entrepreneurial Thought XSeries.

  • Course duration: 24 hours
  • Course type: Self-paced
  • Course level: Beginner
  • Course price: $ 99.00 / One-time payment
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3

Through this course, you will start by addressing the two “big questions” of accounting:

“What do I have?” and “How did I do over time?”

You will see how the two key financial statements – the balance sheet and the income statement - are designed to answer these questions and then move on to consider how individual transactions aggregate to make up these financial statements. After developing a broad understanding of accounting and financial statements, you will begin to develop a more nuanced understanding of individual components of doing business, such as making a sale or building inventory. By considering many of the more common actions of a company, you will build your understanding of accounting, and explore these concepts by applying them across various types of transactions. Once you understand these individual concepts better, you will be ready to return to the overall financial statements and use them as informational tools, including building ratios.

  • ★★★★★  (4.9) based on 32 ratings
  • Course duration: 30 hours
  • Course type: Self-paced with instructor
  • Course level: Intermediate
  • Course price: $ 49.00 / Per month (7-day FREE trial)
  • 4,877 people have done this course
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4

In this course, you will explore how to use accounting to allocate resources and incentivize manager and employee behaviors in using these resources. You will also learn how financial and non-financial accounting information facilitates strategic performance measurement and how to integrate this information to continuously improve strategy. Upon successful completion of this course, you will be able to:

  1. Understand the role of managerial accounting information in common business decisions
  2. Differentiate relevant and irrelevant information
  3. Avoid common pitfalls in business decisions
  4. Prepare a master budget and its key components
  5. Describe the iterative and interrelated nature of budgeting
  6. Evaluate capital investments via a variety of measures
  7. Understand how upper management uses variance analysis
  8. Calculate, interpret, and investigate variances
  9. Understand decentralization and its advantages and disadvantages
  10. Compute and interpret financial performance measures
  11. Communicate the role of non-financial measures and strategic performance measurement systems
  12. Identify issues associated with performance measurement and incentives
  13. Understand the nature and role of subjective performance evaluation

This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see the Resource page in this course and onlinemba.illinois.edu.

  • ★★★★★  (4.7) based on 206 ratings
  • Course duration: 20 hours
  • Course type: Self-paced with instructor
  • Course level: All levels
  • Course price: $ 49.00 / Per month (7-day FREE trial)
  • 8,360 people have done this course
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5

Across organizations, managers are expected to have sound knowledge of finance and accounting. As part of their job, managers use large volumes of information produced by accounting systems to make business decisions every day.

This business and management course will show you how accounting information is relevant to managers, and how it can be processed and analyzed for effective managerial decision-making. By examining accounting information that is extensively used across three key managerial functions of planning, decision-making and controlling, the course equips non-finance managers with basic accounting and finance skills. This course also discusses activity based costing, which provides insight on the cost structure of products and services.

What sets this course apart is the practicing manager-centric approach that is a part of each week of the course. Whether you are a student or a practicing manager, this course will allow you to easily follow all topics and directly apply concepts in practice.

  • Course duration: 35 hours
  • Course type: Self-paced
  • Course level: Beginner
  • Course price: $ 50.00 / One time payment (FREE without certificate)
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6
In order for a manager to effectively perform their role they must have an understanding of accounting information, as accounting systems generate information that is used by both internal and external stakeholders Having a good understanding of accounting allows managers to communicate with the finance department, bankers, suppliers and even tax authorities. In this finance course, you will learn how to read and understand financial statements.
  • Course duration: 35 hours
  • Course type: Self-paced
  • Course level: Intermediate
  • Course price: $ 150.00 / One-time payment (FREE without certificate)
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7

This course provides a concise overview of how financial management is used to create higher market values for an organization. Since the information contained within these lessons deals with advanced topics, the user should have a good working knowledge of both accounting and financial management prior to taking this course.

  • Course duration: 4 hours
  • Course type: Self-paced
  • Course level: Intermediate
  • Course price: $ 15.00 / One-time payment
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8

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. Upon successful completion of this course, you will be able to:

  1. Understand what managerial accounting is and why it is important.
  2. Describe fundamental concepts of managerial accounting.
  3. Apply the financial perspective of accounting for costs.
  4. Identify problems associated with relying on financial accounting information for internal decision making.
  5. Organize cost information according to the decision-making needs of the organization.
  6. Apply activity-based costing (ABC) and recognize the influence of setting and decision characteristics on the relevance of ABC systems.
  7. Address common "what-if" questions using cost-volume-profit (CVP) analysis.
  8. Apply CVP analysis in a variety of scenarios.
  • ★★★★★  (4.7) based on 315 ratings
  • Course duration: 14 hours
  • Course type: Self-paced with instructor
  • Course level: Level unspecified
  • Course price: Free
  • 14,380 people have done this course
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9

Need a career boost? Every business depends on the acumen of its financial leaders. Learn to make profitable financial decisions from UMUC professors who have been distance educators since the birth of the Internet. This course is designed for anyone interested in improving their decision making skills.

In this first MicroMasters course in Accounting and Financial Management, you will gain knowledge of the fundamental concepts of financial accounting, finance, and managerial decision making. This course investigates financial decision making in business, government, and not-for-profit organizations. Emphasis is on the application of financial and nonfinancial information to a wide range of managerial decisions, including the time value of money, financial analysis, budgeting, incremental analysis, long-term planning and cost-volume-profit analysis. A variety of decision-making tools (such as break-even analysis, activity-based costing procedures, and discounted cash flow techniques) are studied. Contemporary managerial practices are explored.

  • Course duration: 80 hours
  • Course type: Virtual classroom
  • Course level: Advanced
  • Course price: $ 249.00 / One-time payment (FREE without certificate)
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10

Want to learn how to make your corporation’s money make money? In this course you will learn how to compare various investment types, select the most viable financial investment opportunity, and maximize your corporation’s wealth. If you want to get a better understanding of how Wall Street works, this course is for you.

You will learn how financial managers use discounted cash flow and rate-of-return analyses to evaluate projects and financial instruments, the role of the cost of capital and the Capital Asset Pricing Model (CAPM) in capital investment analysis and selection, capital budgeting, stock and bond valuation, break-even analysis, capital market efficiency, real options, short-term financial management, and be introduced to international finance.

  • Course duration: 80 hours
  • Course type: Virtual classroom
  • Course level: Advanced
  • Course price: $ 249.00 / One-time payment (FREE without certificate)
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So, which one of the courses listed above should you consider? The answer isn’t simple because, in our humble opinion, there’s no such thing as the perfect or the best management accounting course. It all depends on multiple factors like your budget, the time and effort you’re willing to invest on a daily basis to study for that course, your unique needs, and, finally, your professional objectives and what you want to accomplish.

Simply put, each certification targets specific things (although, many of them also cover common field areas) so you must opt for the right course that matches your career goals. In case you’re not really sure what direction you want to follow, we recommend you to start with a fundamentals program and build from there. These courses will help you provide accurate financial information at your workplace. Through them you will learn everything there is to know about management accounting.

Online Courses Related to Management Accounting

The online courses above will raise your knowledge in the field of Management Accounting. If you are more interested in other areas in the field of Finance you might be interested in the following online course overviews:

or search in our database for all online finance courses

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