#3 Cost Volume Profit Analysis (CVP) – Managerial Accounting
Learn the tools to manage business decisions with cost volume profit analysis (CVP) from a practicing CPA, CGMA, CPI, with Master of Science in Taxation
105 Cost Volume Profit (CVP)
FREE PREVIEW105 Cost Volume Profit Analysis (CVP)
FREE PREVIEW107 Overview Example
FREE PREVIEW107 Cost Volume Profit Analysis (CVP) Overview Example
FREE PREVIEW110 CVP Assumptions
FREE PREVIEW110 Cost Volume Profit Analysis Assumptions
FREE PREVIEWAccounting Comic
FREE PREVIEW2 Managerial Accounting Overveiw
FREE PREVIEWPDF - 10 Managerial Accounting Introduction
FREE PREVIEW10 Managerial Accounting Introduction
FREE PREVIEWPDF - 20 Cost Classifications
FREE PREVIEW20 Cost Classifications
FREE PREVIEWPDF - 30 Product Costs & Period Costs
FREE PREVIEW30 Product Costs & Period Costs
FREE PREVIEWPDF - 40 Direct Materials Labor & Overhead
FREE PREVIEW40 Prime Costs & Conversion Costs
FREE PREVIEWPDF - 50 Manufacturer's Balance Sheet
50 Manufacturer's Balance Sheet
PDF - 60 Manufacturer's Income Statement
60 Manufacturer's Income Statement
PDF - 70 Manufacturing Activities Flow
70 Manufacturing Activities Flow
PDF - 80 Just In Time (JIT) Manufacturing
80 Just In Time (JIT) Manufacturing
PDF - 90 Job Cost vs Process Cost
90 Job Cost Vs Process Cost
Accounting Comic
3 Contribution Margin Income Statement
FREE PREVIEWPDF - 150 Income Statement Manufacturing Company
150 Income Statement Manufacturing Company
PDF - 154 Contribution Margin Income Statement
154 Contribution Margin Income Statement
Worksheet to Download
154 Worksheet - Contribution Margin Income Statement
Multiple choice 1
Accounting Comic
4 Mixed Costs
FREE PREVIEWPDF - 400 Mixed Costs
400 Mixed Costs
PDF - 415 Scatter Diagram
415 Scatter Diagram
Download Excel Worksheet
417 Graphs In Excel
Worksheet - Download Excel Worksheet
Worksheet - 418 Scatter Graph
PDF - 420 High - Low Method
420 High - Low Method
Download Excel Worksheet
420 Worksheet Hith Low Method
Multiple choice 2
Accounting Comic
5 Contribution Margin, Unit Contribution Margin, & Contribution Margin Ratio
FREE PREVIEWPDF - 425 Contribution Margin
425 Contribution Margin & Contribution Margin Ratio
Download Excel Worksheets
425 Worksheet Contribution Margin
PDF - 427 Contribution margin income statement
427 Contribution Margin Income Statement & Contribution Margin Per t
Multiple choice 3
Discussion Question 1
Accounting Comic
6 Break-Even Point & Margin of Safety
FREE PREVIEWPDF - 428 Break even point
428 Break-Even Point
Download Excel Worksheet
428 Worksheet Break Even Point
Download Excel Worksheet
429 Worksheet Targeted Net Income
PDF - 432 Margin of Safety
432 Margin of Safety
Multiple choice 4
Discussion Question 2
Accounting Comic
7 Forecasting
FREE PREVIEWPDF - 438 Forecasting
438 Forecasting
Download Excel Worksheet
438 Worksheet Forecasting
Multiple choice 5
Discussion Question 3
Accounting Comic
8 Multiple Inventory Items
FREE PREVIEWPDF - 444 Composite Units Break Even
444 Composite Unit Break Even
Download Excel Worksheet
442 Composite Units
Multiple choice 6
Discussion Question 4
Accounting Comic
9 Operating Leverage
FREE PREVIEWPDF - 448 Operating Leverage
448 Operating Leverage
Download Excel Worksheet
Worksheet - 448 Operating Leverage
Multiple choice 7
Short Calculation Questions
Discussion Question 5
Accounting Comic
10 Cost Volume Profit Analysis Assumptions
FREE PREVIEWPDF - 450 CVP Assumptions
450 Cost Volume Profit Analysis Assumptions
Multiple choice 8
Short Calculation Questions
Discussion Question 6
Accounting Comic
11 Comprehensive Problem
FREE PREVIEWDownload Excel Worksheet
CVP Comp Problem 1
CVP Comp Problem 2
CVP Comp Problem 3
CVP Comp Problem 4
Multiple choice 9
Accounting Comic
505 Leverage Overview
510 Break Even Analysis
515 Degree of Operating Leverage
520 Financial Leverage
525 Combined Leverage
511 Break Even Analysis
512 Break Even Point & Fixed & Variable Cost
515 Break Even Analysis Projection Plan
517 Cash Break Even Point
520 P1 Degree of Operating Leverage, Degree of Financial Leverage, & Combined Leverage Part 1
520 P2 Degree of Operating Leverage, Degree of Financial Leverage, & Combined Leverage
521 P1 Second Degree of Operating Leverage, Degree of Financial Leverage, & Combined Leverage Part 1
521 P2 Second Degree of Operating Leverage, Degree of Financial Leverage, & Combined Leverage Part
522 Degree of Leverage Problem 1
523 Degree of Leverage Problem 2
524 Nonlinear Breakeven Analysis
525 Degree of Operating Leverage Alternative Formula
528 Price Earnings Ratio Comparison for Companies with Different Leverage
531 Leverage Ratios & Projected Expansion Scenarios
511 Break Even Analysis
512 Break Even Point & Fixed & Variable Cost
515 Break Even Analysis Projection Plan
517 Cash Break Even Point
520 P1 Degree of Operating Leverage, Degree of Financial Leverage, & Combined Leverage Part 1
520 P2 Degree of Operating Leverage, Degree of Financial Leverage, & Combined Leverage
521 P1 Second Degree of Operating Leverage, Degree of Financial Leverage, & Combined Leverage Part 1
521 P2 Second Degree of Operating Leverage, Degree of Financial Leverage, & Combined Leverage Part 2
522 Degree of Leverage Problem 1
523 Degree of Leverage Problem 2
524 Nonlinear Breakeven Analysis
525 Degree of Operating Leverage Alternative Formula
526 Financial Leverage & Earnings Per Share
527 Using Price to Earnings Ratio PE Ratio to Calculate Market Price
528 Price Earnings Ratio Comparison for Companies with Different Leverage
531 Leverage Ratios & Projected Expansion Scenarios
533 P1 Leverage Analysis Problem 1 Part 1
533 P2 Leverage Analysis Problem 1 Part 2
534 P1 Leverage Analysis Problem 2 Part 1
534 P2 Leverage Analysis Problem 2 Part 2
535 Financing Plans to Increase Assets
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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.
Instructor
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele’s teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge.