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Cost Volume Profit Analysis (CVP) – Managerial Accounting

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Cost Volume Profit Analysis (CVP) – Managerial Accounting, available at $59.99, has an average rating of 4.55, with 149 lectures, based on 234 reviews, and has 54959 subscribers.

You will learn about Define key principles of managerial and cost accounting to solidify foundational knowledge. Demonstrate construction and use of a Contribution Margin Income Statement. Classify business costs into fixed, variable, and mixed categories. Calculate the break-even point in units and revenue for effective planning. Forecast future business performance using CVP analysis techniques. Adapt CVP analysis to scenarios with multiple inventory products. Explain operating leverage, compute it, and discuss its implications. Evaluate assumptions underpinning CVP analysis and recognize its limitations. Apply learned concepts to solve comprehensive Excel-based problems. Assess the impact of changes in cost and volume on profit, using CVP analysis tools. Formulate strategies to optimize profitability using the results of CVP analysis. Identify the relevance and application of CVP analysis in various business contexts. Distinguish between the high-low method and scatter diagram method for handling mixed costs. This course is ideal for individuals who are Aspiring Accountants: Those who are pursuing a career in accounting and want to gain a deeper understanding of managerial and cost accounting principles. or Business Owners/Entrepreneurs: Individuals running their own business who want to have a better understanding of how costs, volume, and profit are interconnected. or Finance Professionals: Professionals working in finance who wish to improve their skills and knowledge of cost management and profit optimization. or Students: Students studying business, finance, or accounting who want to supplement their college education with practical, real-world applications. or Management Consultants: Consultants who advise businesses on cost management and efficiency improvements. or Anyone Interested in Business Finance: This course is also suitable for anyone with an interest in understanding the financial dynamics of a business better. It is particularly useful for Aspiring Accountants: Those who are pursuing a career in accounting and want to gain a deeper understanding of managerial and cost accounting principles. or Business Owners/Entrepreneurs: Individuals running their own business who want to have a better understanding of how costs, volume, and profit are interconnected. or Finance Professionals: Professionals working in finance who wish to improve their skills and knowledge of cost management and profit optimization. or Students: Students studying business, finance, or accounting who want to supplement their college education with practical, real-world applications. or Management Consultants: Consultants who advise businesses on cost management and efficiency improvements. or Anyone Interested in Business Finance: This course is also suitable for anyone with an interest in understanding the financial dynamics of a business better.

Enroll now: Cost Volume Profit Analysis (CVP) – Managerial Accounting

Summary

Title: Cost Volume Profit Analysis (CVP) – Managerial Accounting

Price: $59.99

Average Rating: 4.55

Number of Lectures: 149

Number of Published Lectures: 149

Number of Curriculum Items: 155

Number of Published Curriculum Objects: 155

Original Price: $199.99

Quality Status: approved

Status: Live

What You Will Learn

  • Define key principles of managerial and cost accounting to solidify foundational knowledge.
  • Demonstrate construction and use of a Contribution Margin Income Statement.
  • Classify business costs into fixed, variable, and mixed categories.
  • Calculate the break-even point in units and revenue for effective planning.
  • Forecast future business performance using CVP analysis techniques.
  • Adapt CVP analysis to scenarios with multiple inventory products.
  • Explain operating leverage, compute it, and discuss its implications.
  • Evaluate assumptions underpinning CVP analysis and recognize its limitations.
  • Apply learned concepts to solve comprehensive Excel-based problems.
  • Assess the impact of changes in cost and volume on profit, using CVP analysis tools.
  • Formulate strategies to optimize profitability using the results of CVP analysis.
  • Identify the relevance and application of CVP analysis in various business contexts.
  • Distinguish between the high-low method and scatter diagram method for handling mixed costs.

Who Should Attend

  • Aspiring Accountants: Those who are pursuing a career in accounting and want to gain a deeper understanding of managerial and cost accounting principles.
  • Business Owners/Entrepreneurs: Individuals running their own business who want to have a better understanding of how costs, volume, and profit are interconnected.
  • Finance Professionals: Professionals working in finance who wish to improve their skills and knowledge of cost management and profit optimization.
  • Students: Students studying business, finance, or accounting who want to supplement their college education with practical, real-world applications.
  • Management Consultants: Consultants who advise businesses on cost management and efficiency improvements.
  • Anyone Interested in Business Finance: This course is also suitable for anyone with an interest in understanding the financial dynamics of a business better.

Target Audiences

  • Aspiring Accountants: Those who are pursuing a career in accounting and want to gain a deeper understanding of managerial and cost accounting principles.
  • Business Owners/Entrepreneurs: Individuals running their own business who want to have a better understanding of how costs, volume, and profit are interconnected.
  • Finance Professionals: Professionals working in finance who wish to improve their skills and knowledge of cost management and profit optimization.
  • Students: Students studying business, finance, or accounting who want to supplement their college education with practical, real-world applications.
  • Management Consultants: Consultants who advise businesses on cost management and efficiency improvements.
  • Anyone Interested in Business Finance: This course is also suitable for anyone with an interest in understanding the financial dynamics of a business better.

Unlock the power of managerial and cost accounting with our comprehensive Udemy course. This course dives deep into the crucial managerial accounting concept of cost-volume-profit (CVP) analysis, a dynamic tool that helps businesses determine how changes in costs and volumes affect their profits.

We kick off the course with a robust introduction to managerial accounting and cost accounting, clearly outlining their differences. The central tool for our exploration will be the Contribution Margin Income Statement, providing a roadmap as we delve into each component of CVP analysis.

Intricate concepts such as mixed costs are broken down, discussing their implications, and how to handle them effectively using methods like the high-low method and scatter diagram method.

Grasp the fundamental concept of break-even point in both units and revenue, building a strong foundation for subsequent topics in cost-volume-profit analysis. Forecasting becomes less daunting as we illuminate how CVP analysis can be leveraged for accurate projections and informed decision-making.

For businesses with multiple inventory products, we elucidate techniques to apply CVP analysis effectively, ensuring a wide application of the knowledge acquired.

Further, we navigate the concept of operating leverage – understanding its calculation and usefulness in business operations. We openly discuss the assumptions that underlie CVP analysis and address its potential limitations, ensuring you have a well-rounded understanding of its application in real-world scenarios.

The course features a comprehensive problem worked out using Excel, with step-by-step instructional videos to ensure you can follow along and fully grasp the application of the concepts learned.

With numerous Excel worksheets to assist your learning, you’ll be able to practice and consolidate your understanding at every stage. Worksheets typically include three tabs – one with the completed problem, another with a preformatted worksheet to fill in, and a blank worksheet, enabling you to build your own tables from scratch if desired.

Whether you’re an aspiring accountant, a business owner, a financial professional or a student, this course will arm you with the skills to navigate and apply cost-volume-profit analysis, and take your understanding of managerial and cost accounting to new heights.

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction

Lecture 2: PDF – 105 Cost Volume Profit Analysis (CVP)

Lecture 3: 105 Cost Volume Profit Analysis (CVP)

Lecture 4: PDF – 107 Cost Volume Profit Analysis (CVP) Overview Example

Lecture 5: 107 Cost Volume Profit Analysis (CVP) Overview Example

Lecture 6: PDF – 110 Cost Volume Profit Analysis Assumptions – Copy

Lecture 7: 110 Cost Volume Profit Analysis Assumptions

Lecture 8: Accounting Comic Break

Chapter 2: Managerial Accounting Overview

Lecture 1: 2 Managerial Accounting Overview

Lecture 2: PDF – 10 Managerial Accounting Introduction

Lecture 3: 10 Managerial Accounting Introduction

Lecture 4: PDF – 20 Cost Classifications

Lecture 5: 20 Cost Classifications

Lecture 6: PDF – 30 Product Costs & Period Costs.ENCODING

Lecture 7: 30 Product Costs & Period Costs.

Lecture 8: PDF – 40 Prime Costs & Conversion Costs

Lecture 9: 40 Prime Costs & Conversion Costs

Lecture 10: PDF – 50 Manufacturer's Balance Sheet

Lecture 11: 50 Manufacturer's Balance Sheet

Lecture 12: PDF – 60 Manufacturer's Income Statement

Lecture 13: 60 Manufacturer's Income Statement

Lecture 14: PDF – 70 Manufacturing Activities Flow

Lecture 15: 70 Manufacturing Activities Flow

Lecture 16: PDF – 80 Just In Time (JIT) Manufacturing

Lecture 17: 80 Just In Time (JIT) Manufacturing

Lecture 18: PDF – 90 Job Cost Vs Process Cost

Lecture 19: 90 Job Cost Vs Process Cost

Lecture 20: Multiple Choice 1

Lecture 21: Accounting Comic Break

Chapter 3: Contribution Margin Income Statement

Lecture 1: 3 Contribution Margin Income

Lecture 2: PDF – 150 Income Statement Manufacturing Company

Lecture 3: 150 Income Statement Manufacturing Company

Lecture 4: PDF – 154 Contribution Margin Income Statement

Lecture 5: 154 Contribution Margin Income Statement

Lecture 6: Excel Worksheet Download

Lecture 7: 154 Worksheet – Contribution Margin Income Statement

Lecture 8: Multiple Choice 2

Lecture 9: Accounting Comic Break

Chapter 4: Mixed Costs

Lecture 1: 4 Mixed Costs

Lecture 2: PDF – 400 Mixed Costs

Lecture 3: 400 Mixed Costs

Lecture 4: PDF – 415 Scatter Diagram

Lecture 5: 415 Scatter Diagram

Lecture 6: Excel Worksheet Download

Lecture 7: 417 – Worksheet Graphs In Excel

Lecture 8: Excel Worksheet Download

Lecture 9: 418 Worksheet Scatter Graph

Lecture 10: PDF – 420 High – Low Method

Lecture 11: 420 High – Low Method

Lecture 12: Excel Worksheet Download

Lecture 13: 420 Worksheet High Low Method

Lecture 14: Multiple Choice 3

Lecture 15: Accounting Comic Break

Chapter 5: Contribution Margin, Unit Contribution Margin, & Contribution Margin Ratio

Lecture 1: 5 Contribution Margin, Unit

Lecture 2: PDF – 425 Contribution Margin & Contribution Margin Ratio

Lecture 3: 425 Contribution Margin & Contribution Margin Ratio

Lecture 4: Excel Worksheet Download

Lecture 5: 425 Worksheet Contribution Margin

Lecture 6: PDF – 427 Contribution Margin Income Statement & Contribution Margin Per t

Lecture 7: 427 Contribution Margin Income Statement & Contribution Margin Per t

Lecture 8: Multiple Choice

Lecture 9: Accounting Comic Break

Chapter 6: Break Even Point & Margin of Safety

Lecture 1: 6 Break Even Point & Margin of

Lecture 2: PDF – 428 Break-Even Point

Lecture 3: 428 Break-Even Point

Lecture 4: Excel Worksheet Download

Lecture 5: 428 Worksheet Break Even Point

Lecture 6: Excel Worksheet Download

Lecture 7: 429 Worksheet Targeted Net Income

Lecture 8: PDF – 432 Margin of Safety

Lecture 9: 432 Margin of Safety

Lecture 10: Multiple Choice 5

Lecture 11: Accounting Comic Break

Chapter 7: Forecasting

Lecture 1: 7 Forecasting

Lecture 2: PDF – 438 Forecasting

Lecture 3: 438 Forecasting

Lecture 4: Excel Worksheet Download

Lecture 5: 438 Worksheet Forecasting

Lecture 6: Multiple Choice 6

Lecture 7: Accounting Comic Break

Chapter 8: Multiple Inventory Items

Lecture 1: 8 Multiple Inventory Items

Lecture 2: PDF – 444 Composite Unit Break Even

Lecture 3: 444 Composite Unit Break Even

Lecture 4: Excel Worksheet Download

Lecture 5: 442 – Worksheet Composit Units

Lecture 6: Multiple Choice 7

Instructors

Rating Distribution

  • 1 stars: 8 votes
  • 2 stars: 5 votes
  • 3 stars: 19 votes
  • 4 stars: 74 votes
  • 5 stars: 128 votes

Frequently Asked Questions


How long do I have access to the course materials?


You can view and review the lecture materials indefinitely, like an on-demand channel.


Can I take my courses with me wherever I go?


Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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