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Updated in [July 24th, 2023]
Learners of this course will gain a comprehensive understanding of the managerial and cost accounting concepts of cost-volume-profit (CVP) analysis. They will learn how to use the Contribution Margin Income Statement to break down intricate concepts such as mixed costs, and how to apply CVP analysis to accurately forecast and make informed decisions. They will also gain an understanding of the assumptions and limitations of CVP analysis, and be able to apply it to businesses with multiple inventory products. With numerous Excel worksheets to assist their learning, learners will be able to practice and consolidate their understanding of the concepts learned. Ultimately, learners will gain the experience and expertise to navigate and apply CVP analysis in real-world scenarios.
Course Syllabus
Introduction
Managerial Accounting Overview
Contribution Margin Income Statement
Mixed Costs
Contribution Margin, Unit Contribution Margin, & Contribution Margin Ratio
Break Even Point & Margin of Safety
Forecasting
Multiple Inventory Items
Operating Leverage
Cost Volume Profit Analysis Assumptions
Comprehensive Problem
Finance Perspective - Leverage & Break-Even Analysis
Finance Perspective - Practice Probs - Leverage & Break-Even Analysis
Finance Perspective - Excel Probs - Leverage & Break-Even Analysis