Boost your Career- Know how to perform Cost/Profit Analysis

Know How to Perform Cost Volume Profit Analysis and the Importance of operating leverage
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  • Lectures 36
  • Length 4 hours
  • Skill Level Beginner Level
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 1/2016 English

Course 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

What are the requirements?

  • Everything will be provided

What am I going to get from this course?

  • 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.

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

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Management Accounting vs. Financial Accounting
Topic #1 -Introduction to Management Accounting
Topic #2 -Overview of Management Accounting purposes
Topic #3 - Know management Accounting Terminology
Test Your Understanding - Level A (Knowledge questions)
Showme Problem #1
Test Your Understanding - Level B (Application Questions)
Section 2: Know how to Perform Cost Behaviour Analysis
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 1A - Another lecture on cost behaviour
Test Your Understanding - Level A ( Knowledge Questions)
Showme Problem #1
Showme Problem set #1- Cost Behaviour
Showme Problem Set #2 - Cost Behaviour
Showme Problem Set #3 - Cost Behaviour
Showme Problem #4 -High Low method
Showme Problem #5 -High Low method
Test Your Understanding - Level B (Application Questions)
Section 3: Know how to perform Cost Volume Profit analysis
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.
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
Section 4: Break-even for a Multi product company
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,
Section 5: Cost Structure and Leverage
Understanding cost structure and its effect on leverage
Problem on Leverage - Antique
WACM, CVP and Leverage Problem
Leverage Problem

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Instructor Biography

Dr. John Mclellan, 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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