Cost Volume Profit Analysis (CVP) – Managerial Accounting
4.3 (33 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
13,255 students enrolled

Cost Volume Profit Analysis (CVP) – Managerial Accounting

Cost accounting-Cost Vile Profit Analysis (CVP) including contribution margin income statement & forecasting with CVP
4.3 (33 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
13,255 students enrolled
Last updated 4/2019
English
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Current price: $139.99 Original price: $199.99 Discount: 30% off
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This course includes
  • 10.5 hours on-demand video
  • 37 downloadable resources
  • Full lifetime access
  • Access on mobile and TV
  • Assignments
  • Certificate of Completion
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What you'll learn
  • How to use Cost Volume Profit Analysis (CVP)
  • Managerial accounting and cost accounting concepts
  • How to categorize costs by behavior
  • How to prepare a contribution margin income statement
  • How to calculate contribution margin, unit contribution margin, & contribution margin ratio
  • How to calculate the break even point and the margin of safety
  • How to forecast using CVP
  • How to calculate operating leverage
Requirements
  • An understanding of basic accounting terms
Description

Managerial and cost accounting topics of cost volume profit analysis (CVP).

We will review managerial accounting concepts and the difference between managerial accounting and cost accounting.

The course will start out introducing our primary CVP tool, a contribution margin income statement. The contribution margin income statement will give us an idea of where we are going as we then zoom into more detail going forward, focusing on the nuances of each step in the process.

We will discuss the concept of mixed costs, why they are a problem, and different methods for dealing with them including a high low method and scatter diagram method.

The course will explain the brea-keven point in units and revenue, one of the foundational concepts of cost volume profit analysis (CVP), and one many other concepts are built from.

We will discuss forecasting using cost volume profit analysis (CVP). Projections into the future are one of the significant benefits that CVP provides.

The course will cover techniques to apply CVP analysis when there are multiple inventory products.

We will also discuss the concept of operating leverage, how it is calculated, and why it is useful.

The course will talk about assumptions that cost volume profit analysis makes and limitations to CVP analysis.

We will also work a comprehensive problem using Excel and step by step instructional videos.

The course will have many Excel worksheets to help us review topics. Excel worksheets generally include three tabs. One tab will have the completed problem so we can see the result. Another tab will have a preformatted worksheet where we can fill in the problem. The last tab will have a blank worksheet where we can build our own tables if we choose.

Who this course is for:
  • Accounting students
  • Business owners
  • Anyone who whats to learn accounting
Course content
Expand all 108 lectures 10:15:35
+ Introduction
8 lectures 47:31
PDF - 107 Cost Volume Profit Analysis (CVP) Overview Example
00:08
107 Cost Volume Profit Analysis (CVP) Overview Example
15:55
PDF - 110 Cost Volume Profit Analysis Assumptions - Copy
00:08
Accounting Comic Break
00:15
+ Managerial Accounting Overview
21 lectures 01:23:47
2 Managerial Accounting Overview
00:43
PDF - 10 Managerial Accounting Introduction
00:08
10 Managerial Accounting Introduction
13:03
PDF - 20 Cost Classifications
00:08
20 Cost Classifications
09:31
PDF - 30 Product Costs & Period Costs.ENCODING
00:08
30 Product Costs & Period Costs.
16:25
PDF - 40 Prime Costs & Conversion Costs
00:08
40 Prime Costs & Conversion Costs
05:35
PDF - 50 Manufacturer's Balance Sheet
00:08
50 Manufacturer's Balance Sheet
03:15
PDF - 60 Manufacturer's Income Statement
00:08
60 Manufacturer's Income Statement
08:49
PDF - 70 Manufacturing Activities Flow
00:08
70 Manufacturing Activities Flow
07:51
PDF - 80 Just In Time (JIT) Manufacturing
00:08
80 Just In Time (JIT) Manufacturing
02:58
PDF - 90 Job Cost Vs Process Cost
00:08
90 Job Cost Vs Process Cost
09:13
Multiple Choice 1
04:57
Accounting Comic Break
00:15
+ Contribution Margin Income Statement
9 lectures 38:37
3 Contribution Margin Income
01:20
PDF - 150 Income Statement Manufacturing Company
00:08
150 Income Statement Manufacturing Company
07:53
PDF - 154 Contribution Margin Income Statement
00:08
154 Contribution Margin Income Statement
09:22
Excel Worksheet Download
00:05
154 Worksheet - Contribution Margin Income Statement
13:58
Multiple Choice 2
05:28
Discuss variable cost, fixed cost, and mixed cost.
Discussion Question 1
1 question
Accounting Comic Break
00:15
+ Mixed Costs
15 lectures 55:09
4 Mixed Costs
00:50
PDF - 400 Mixed Costs
00:08
400 Mixed Costs
08:30
PDF - 415 Scatter Diagram
00:08
415 Scatter Diagram
06:14
Excel Worksheet Download
00:05
417 - Worksheet Graphs In Excel
10:38
Excel Worksheet Download
00:05
418 Worksheet Scatter Graph
05:01
PDF - 420 High - Low Method
00:08
420 High - Low Method
06:48
Excel Worksheet Download
00:05
420 Worksheet High Low Method
10:38
Multiple Choice 3
05:36
List and describe the basic assumptions of CVP analysis.
Discussion Question 2
1 question
Accounting Comic Break
00:15
+ Contribution Margin, Unit Contribution Margin, & Contribution Margin Ratio
9 lectures 51:42
5 Contribution Margin, Unit
01:02
PDF - 425 Contribution Margin & Contribution Margin Ratio
00:08
425 Contribution Margin & Contribution Margin Ratio
10:31
Excel Worksheet Download
00:05
425 Worksheet Contribution Margin
20:19
PDF - 427 Contribution Margin Income Statement & Contribution Margin Per t
00:08
427 Contribution Margin Income Statement & Contribution Margin Per t
13:40
Multiple Choice
05:34
Explain how CVP analysis can be used.
Discussion Question 3
1 question
Accounting Comic Break
00:15
+ Break Even Point & Margin of Safety
11 lectures 55:19
6 Break Even Point & Margin of
01:15
PDF - 428 Break-Even Point
00:08
428 Break-Even Point
08:08
Excel Worksheet Download
00:05
428 Worksheet Break Even Point
18:25
Excel Worksheet Download
00:05
429 Worksheet Targeted Net Income
15:32
PDF - 432 Margin of Safety
00:08
432 Margin of Safety
03:26
Multiple Choice 5
07:52
Discuss contribution margin, unit contribution margin, & contribution margin ratio.
Discussion Question 4
1 question
Accounting Comic Break
00:15
+ Forecasting
7 lectures 39:56
7 Forecasting
00:59
PDF - 438 Forecasting
00:08
438 Forecasting
10:16
Excel Worksheet Download
00:05
438 Worksheet Forecasting
22:45
Multiple Choice 6
05:29
Describe operating leverage.
Discussion Question 5
1 question
Accounting Comic Break
00:14
+ Multiple Inventory Items
7 lectures 45:26
8 Multiple Inventory Items
00:41
PDF - 444 Composite Unit Break Even
00:08
444 Composite Unit Break Even
11:26
Excel Worksheet Download
00:05
442 - Worksheet Composit Units
24:10
Multiple Choice 7
08:42
Explain what a scatter diagram is and how it can be used in CVP analysis.
Discussion Question 6
1 question
Accounting Comic Break
00:14
+ Operating Leverage
8 lectures 54:08
9 Operating Leverage
00:53
PDF - 448 Operating Leverage
00:08
448 Operating Leverage
15:53
Excel Worksheet Download
00:05
448 Worksheet - Operating Leverage
19:55
Multiple Choice 8
06:22
Short Calculation
10:39
Accounting Comic Break
00:13
+ Cost Volume Profit Analysis Assumptions
6 lectures 42:51
10 Cost Volume Profit Analysis
01:41
PDF - 450 Cost Volume Profit Analysis Assumptions
00:08
450 Cost Volume Profit Analysis Assumptions
11:38
Multiple Choice 9
06:49
Short Calculation
22:21
Accounting Comic Break
00:14