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Cost Volume Profit Analysis (CVP) – Managerial Accounting

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Description

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.

What Will I Learn?

  • How to use Cost Volume Profit Analysis (CVP)
  • Managerial accounting and cost accounting concepts
  • How to categorize costs by behavior
  • How to prepare a contribution margin income statement
  • How to calculate contribution margin, unit contribution margin, & contribution margin ratio
  • How to calculate the break even point and the margin of safety
  • How to forecast using CVP
  • How to calculate operating leverage

Topics for this course

103 Lessons10h 5m

Section 1: Introduction

1. Introduction9:19
2. PDF – 105 Cost Volume Profit Analysis (CVP)0:08
3. 105 Cost Volume Profit Analysis (CVP)10:00
4. PDF – 107 Cost Volume Profit Analysis (CVP) Overview Example0:08
5. 107 Cost Volume Profit Analysis (CVP) Overview Example15:55
6. PDF – 110 Cost Volume Profit Analysis Assumptions – Copy0:08
7. 110 Cost Volume Profit Analysis Assumptions11:38
8. Accounting Comic Break0:15

Section 2: Managerial Accounting Overview

Section 3: Contribution Margin Income Statement

Section 4: Mixed Costs

Section 5: Contribution Margin, Unit Contribution Margin, & C…

Section 6: Break Even Point & Margin of Safety

Section 7: Forecasting

Section 8: Multiple Inventory Items

Section 9: Operating Leverage

Section 10: Cost Volume Profit Analysis Assumptions

Section 11: Comprehensive Problem

About the instructors

Demetrius Witting

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14 Courses
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Course Details

  • Level: Beginner
  • Total Hour: 10h 5m
  • Total Lessons: 103
  • Total Enrolled: 0
  • Last Update:

Requirements

  • An understanding of basic accounting terms

Target Audience

  • Accounting students
  • Business owners
  • Anyone who whats to learn accounting