Management Accounting & Cost: Cost Management & Strategy - L1 - Professor Noel Cooperberg

Lecture 1: Management & Cost Accounting I
Professor Noel Cooperberg
(Chapter 1)

After introducing the class to the course (syllabus, welcoming, etc,), the Professor introduces the topic of management accounting and gives a brief "compare-and-contrast" explanation between financial and managerial (cost) accounting. The four functions of management are also discussed, as well as the method to develop a cost-management based system. Contemporary business drivers and contemporary cost management techniques are also discussed, as well as the two primary strategies (differentiation and cost leadership). Finally, after a brief exercise, the ethics of management accounting are discussed before the class is dismissed.

NOTE: This video has been trimmed. The markups below will no longer be accurate for this video. The markups will be fixed as soon as time allows.

**Setup (introduction / syllabus): 0:00 - 38:39

Learning Objectives & Intro to Management Accounting: 39:38

Organizational Chart: 42:30

Cost and Management Accounting Overview: 44:36

Cost Management vs. Financial Reporting
(Cost Accounting vs. Financial Accounting): 48:04

The Four Functions of Management: 51:07

Developing Cost Management Systems: 53:23

Contemporary Business Drivers: 54:25

Contemporary Cost Management Techniques: 1:00:15

Strategic Positioning
(Cost Leadership and Differentiation): 1:10:34

Competitive Strategy: 1:13:59

Review Questions: 1:16:30

**Silence (and student discussion): 1:19:12 - 1:24:21

Question Review: 1:24:22

Ethics of Management Accounting: 1:30:58

**Class End ("Breakout"): 1:36:40

** = consider trimming.

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[ie_Moh]

Can you send me the rest of the chapters please?🌹