Back to Managerial Accounting: Tools for Facilitating and Guiding Business Decisions
University of Illinois Urbana-Champaign

Managerial Accounting: Tools for Facilitating and Guiding Business Decisions

In this course, you will explore how to use accounting to allocate resources and incentivize manager and employee behaviors with 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. You will be able to: • Understand the role of managerial accounting information and use it to avoid common pitfalls in business decisions • Understand the iterative and interrelated nature of budgeting and apply the key components to preparing a master budget • Evaluate capital investments via a variety of measures • Calculate, interpret, and investigate variances • Understand decentralization and its advantages and disadvantages • Communicate the role of non-financial measures and strategic performance measurement systems • Compute and interpret financial performance measures and identify associate issues This course is part of Gies College of Business’ suite of online programs, including the iMBA and iMSM. Learn more about admission into these programs and explore how your Coursera work can be leveraged if accepted into a degree program at https://degrees.giesbusiness.illinois.edu/idegrees/.

Status: Cost Accounting
Status: Return On Investment
IntermediateCourse25 hours

Featured reviews

DD

5.0Reviewed Jun 28, 2021

Great course to learn about the fundamentals of managerial accounting and how it is used in real world problems.

PG

5.0Reviewed Sep 21, 2020

It was a great learning experience for me. The course is well designed and helps to improve personal skills.

GJ

5.0Reviewed Oct 7, 2017

Only complaint is that I wish inserting a table or Excel file for out Individual Assignments was easier.

SR

5.0Reviewed Dec 18, 2016

Great course, I does complement the Managerial Accounting course I took before. A lot of tools to apply in the work place. The videos and the examples are wonderful for the learning pourpose.

JB

5.0Reviewed Dec 13, 2018

Great course and great professor. I learned exactly what I hoped to learn and more. The professor is very clear in explaining and provides easy to follow examples that drive home the concepts.

RP

4.0Reviewed Jul 2, 2020

Appreciate the effort is taken for formulating the course which is very interesting to learn

KS

5.0Reviewed Jun 27, 2020

Enjoyed the class. It has some basic math that enables learning for application.

KS

5.0Reviewed Jun 5, 2018

It Was a great learning experience for me. The course is well designed and helps to improve personal skills.

RC

5.0Reviewed Jan 10, 2021

Excellent depth was covered in this course. I have been doing managerial accounting for many years, and even I learned many new things. Highly recommend.

TS

4.0Reviewed Dec 29, 2025

i did not like liked last step of veryfying id . Despite many efforts, it failed. It kills your time and energy.

II

5.0Reviewed May 28, 2020

Great overview and persepctive, with detailed calculation and more exercise difficulties(qualitative and quantitative.

CP

4.0Reviewed Aug 21, 2022

P​rofessor Hecht is Cool, Calm and Collective when delivering this course. It was a great review of past Management Accounting courses and provided some new learning on Capital Budgets

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