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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
4.3 (11 ratings)
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1,272 students enrolled
Last updated 3/2016
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  • 4 hours on-demand video
  • 15 Supplemental Resources
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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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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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.
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  • Everything will be provided
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

Topic #3 - Know management Accounting Terminology

Test Your Understanding - Level B (Application Questions)
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

Test Your Understanding - Level A ( Knowledge Questions)

Showme Problem #1

Showme Problem Set #2 - Cost Behaviour

Showme Problem #4 -High Low method

Showme Problem #5 -High Low method

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

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

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

Showme Problem#1 on Break even Analysis

Showme Problem #2 Cost Volume Profit Analysis

Showme Problem #3 -CVP Analysis

Showme - CVP Problem Set #1

Showme - CVP Problem Set #2

Showme Problem #4 - Ripple

Showme - CVP Problem Set #3

Showme - CVP Comprehensive Problem

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

Calculating Break-even for a multi Product Company

Multi Product Break-even Problem

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

Problem on Leverage - Antique

WACM, CVP and Leverage Problem

Leverage Problem
About the Instructor
4.2 Average rating
126 Reviews
4,894 Students
12 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

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