Cost Volume Profit Analysis (CVP) – Managerial Accounting

Strategic Profit Management: In-depth Exploration of Cost-Volume-Profit Analysis in Managerial Accounting

4.71 (215 reviews)
Udemy
platform
English
language
Other
category
52,455
students
22 hours
content
Aug 2020
last update
$59.99
regular price

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.

Description

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.

Content

Introduction

Introduction
PDF - 105 Cost Volume Profit Analysis (CVP)
105 Cost Volume Profit Analysis (CVP)
PDF - 107 Cost Volume Profit Analysis (CVP) Overview Example
107 Cost Volume Profit Analysis (CVP) Overview Example
PDF - 110 Cost Volume Profit Analysis Assumptions - Copy
110 Cost Volume Profit Analysis Assumptions
Accounting Comic Break

Managerial Accounting Overview

2 Managerial Accounting Overview
PDF - 10 Managerial Accounting Introduction
10 Managerial Accounting Introduction
PDF - 20 Cost Classifications
20 Cost Classifications
PDF - 30 Product Costs & Period Costs.ENCODING
30 Product Costs & Period Costs.
PDF - 40 Prime Costs & Conversion Costs
40 Prime Costs & Conversion Costs
PDF - 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
Multiple Choice 1
Accounting Comic Break

Contribution Margin Income Statement

3 Contribution Margin Income
PDF - 150 Income Statement Manufacturing Company
150 Income Statement Manufacturing Company
PDF - 154 Contribution Margin Income Statement
154 Contribution Margin Income Statement
Excel Worksheet Download
154 Worksheet - Contribution Margin Income Statement
Multiple Choice 2
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Mixed Costs

4 Mixed Costs
PDF - 400 Mixed Costs
400 Mixed Costs
PDF - 415 Scatter Diagram
415 Scatter Diagram
Excel Worksheet Download
417 - Worksheet Graphs In Excel
Excel Worksheet Download
418 Worksheet Scatter Graph
PDF - 420 High - Low Method
420 High - Low Method
Excel Worksheet Download
420 Worksheet High Low Method
Multiple Choice 3
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Contribution Margin, Unit Contribution Margin, & Contribution Margin Ratio

5 Contribution Margin, Unit
PDF - 425 Contribution Margin & Contribution Margin Ratio
425 Contribution Margin & Contribution Margin Ratio
Excel Worksheet Download
425 Worksheet Contribution Margin
PDF - 427 Contribution Margin Income Statement & Contribution Margin Per t
427 Contribution Margin Income Statement & Contribution Margin Per t
Multiple Choice
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Break Even Point & Margin of Safety

6 Break Even Point & Margin of
PDF - 428 Break-Even Point
428 Break-Even Point
Excel Worksheet Download
428 Worksheet Break Even Point
Excel Worksheet Download
429 Worksheet Targeted Net Income
PDF - 432 Margin of Safety
432 Margin of Safety
Multiple Choice 5
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Forecasting

7 Forecasting
PDF - 438 Forecasting
438 Forecasting
Excel Worksheet Download
438 Worksheet Forecasting
Multiple Choice 6
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Multiple Inventory Items

8 Multiple Inventory Items
PDF - 444 Composite Unit Break Even
444 Composite Unit Break Even
Excel Worksheet Download
442 - Worksheet Composit Units
Multiple Choice 7
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Operating Leverage

9 Operating Leverage
PDF - 448 Operating Leverage
448 Operating Leverage
Excel Worksheet Download
448 Worksheet - Operating Leverage
Multiple Choice 8
Short Calculation
Accounting Comic Break

Cost Volume Profit Analysis Assumptions

10 Cost Volume Profit Analysis
PDF - 450 Cost Volume Profit Analysis Assumptions
450 Cost Volume Profit Analysis Assumptions
Multiple Choice 9
Short Calculation
Accounting Comic Break

Comprehensive Problem

11 Comprehensive Problem
Excel Worksheet Download
CVP Comp Problem 1
CVP Comp Problem 2
CVP Comp Problem 3
CVP Comp Problem 4
Accounting Comic Break

Screenshots

Cost Volume Profit Analysis (CVP) – Managerial Accounting - Screenshot_01Cost Volume Profit Analysis (CVP) – Managerial Accounting - Screenshot_02Cost Volume Profit Analysis (CVP) – Managerial Accounting - Screenshot_03Cost Volume Profit Analysis (CVP) – Managerial Accounting - Screenshot_04

Reviews

Ivana
February 4, 2020
A great course! Clear and easy-to-understand with step-by-step explanations using realistic examples.
Daniel
December 25, 2019
The instructor gives a very detailed explanation to the material that is being covered. A great course to invest in .

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2325776
udemy ID
4/17/2019
course created date
10/7/2019
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