Ready for the MBA?- Know how to perform Cost/Profit Analysis
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Ready for the MBA?- Know how to perform Cost/Profit Analysis

Know How to Perform Cost Volume Profit Analysis and the Importance of operating leverage
4.2 (13 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
1,272 students enrolled
Created by Dr. John Mclellan
Last updated 3/2016
English
Price: $20
30-Day Money-Back Guarantee
Includes:
  • 4 hours on-demand video
  • 15 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
What Will I Learn?
  • Know how to Apply the concepts of management accounting to the various activities in the organization by analyzing different types of costs and use them in decision making situations
  • Know how to perform Cost-Volume-Profit analysis for profit planning, pricing decisions, and sensitivity analysis
  • Understand the difference between financial accounting and management accounting.
  • Understand how different costs behave as business activity increases. Fixed Costs. Variable costs and Mixed costs.
  • Be ab;e to use the cost/volume/profit model to predict future profits.
View Curriculum
Requirements
  • Everything will be provided
Description

In this course, we cover the many Management Accounting concepts that are covered in Managerial ( Management) Accounting university course.

Learn and Master Management Accounting Tool and Technique.

  • Determine which business costs are fixed and which are variable
  • Determine the fixed and variable costs when a cost is mixed.
  • Calculate the amount os sales needed by the business in order to break-even
  • Calculate the amount os sales needed to earn a profit.
  • Know how to use the Cost Volume Profit model to predict future profits
  • Learn how to perform sensitivity analysis
Who is the target audience?
  • Managers interested in improving their understanding of management accounting tools and techniques.
  • Anyone wanting to improve their management knowledge
  • Anyone who wants to understand management tools and techniques
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Curriculum For This Course
Expand All 36 Lectures Collapse All 36 Lectures 04:01:10
+
Management Accounting vs. Financial Accounting
6 Lectures 31:14

Topic #2 -Overview of Management Accounting purposes
05:56

Topic #3 - Know management Accounting Terminology
09:06



Test Your Understanding - Level B (Application Questions)
02:42
+
Know how to Perform Cost Behaviour Analysis
10 Lectures 01:12:09
Business activity can be considered to be either sales or production. If sales (or production) increases then which costs in a business will increase and by how much?
Topic #1- Understand how Cost Behave with changes in business activity
12:57


Test Your Understanding - Level A ( Knowledge Questions)
04:17

Showme Problem #1
04:42


Showme Problem Set #2 - Cost Behaviour
07:06


Showme Problem #4 -High Low method
03:22

Showme Problem #5 -High Low method
03:12

Test Your Understanding - Level B (Application Questions)
05:23
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Know how to perform Cost Volume Profit analysis
12 Lectures 01:25:33
Topic #1 -Cost Volume Profit analysis
14:47

Once we have the costs of a company broken into fixed and variable costs - we can then re-format the income statement into a contribution margin and present a cost-volume-profit income statement - a very useful management forecasting tool.
Topic #1A -Understanding Cost Behavior and the contribution margin
10:29

Test Your understanding on Cost Volume Profit -Level A (Knowledge)
06:31

Showme Problem#1 on Break even Analysis
02:09

Showme Problem #2 Cost Volume Profit Analysis
02:09

Showme Problem #3 -CVP Analysis
03:31

Showme - CVP Problem Set #1
07:30

Showme - CVP Problem Set #2
00:27

Showme Problem #4 - Ripple
04:16

Showme - CVP Problem Set #3
11:50

Showme - CVP Comprehensive Problem
11:43

Test Your Understanding of Cost Volume profit - Level B
10:11
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Break-even for a Multi product company
4 Lectures 28:07
Calculating The Weighted Average Contribution Margin
16:27

Calculating Break-even for a multi Product Company
06:39

Multi Product Break-even Problem
02:05

Multi Product Break-even - Trail co,
02:56
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Cost Structure and Leverage
4 Lectures 24:07
Understanding cost structure and its effect on leverage
07:29

Problem on Leverage - Antique
04:36

WACM, CVP and Leverage Problem
08:03

Leverage Problem
03:59
About the Instructor
Dr. John Mclellan
4.5 Average rating
141 Reviews
4,947 Students
16 Courses
Accounting Professor

I am a Professor of Accounting with over thirty-five years experience teaching accounting to college students, undergraduate and MBA university students as well as CMA candidates seeking to earn their Professional Certified Management Accountant Designation.

I achieved my Certified Management Accountant Designation 40 years ago. With that I then earned my Masters of Business Administration degree and later a PHD in accounting.

I have developed and will continue to develop a number of courses in both Financial Accounting and Management Accounting for you - a college or university student (or even a secondary student) to help you to achieve the best result in your undergraduate accounting course. If you get an "A" from me I guarantee you will get an "A" from your accounting prof.

For Graduate students, I have a course to prepare those of you who do not have a business degree for the Masters of Business Administration. Also I have a course at the masters level called Managerial Accounting.

For CMA Candidates, I have courses to prepare you to successfully pass their Certified Management Accounting Exams offered by Institute of Management Accountants.


Dr. John