Cost Volume Profit Analysis (CVP) – Managerial Accounting

Cost Volume Profit Analysis (CVP) – Managerial Accounting

Cost Volume Profit Analysis (CVP) – Managerial Accounting

Cost accounting-Cost Vile Profit Analysis (CVP) including contribution margin income statement & forecasting with CVP

Language: english

Note: 4.4/5 (152 notes) 42,084 students

Instructor(s): Robert (Bob) Steele

Last update: 2020-08-30

What you’ll 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

 

Requirements

  • An understanding of basic accounting terms

 

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.

 

Who this course is for

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

 

Course 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
    • Discussion Question 1
    • Accounting Comic Break
  • 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
    • Discussion Question 2
    • Accounting Comic Break
  • 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
    • Discussion Question 3
    • Accounting Comic Break
  • 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
    • Discussion Question 4
    • Accounting Comic Break
  • Forecasting
    • 7 Forecasting
    • PDF – 438 Forecasting
    • 438 Forecasting
    • Excel Worksheet Download
    • 438 Worksheet Forecasting
    • Multiple Choice 6
    • Discussion Question 5
    • Accounting Comic Break
  • 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
    • Discussion Question 6
    • Accounting Comic Break
  • 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
  • Finance Perspective – Leverage & Break-Even Analysis
    • 505 Leverage Overview
    • 510 Break Even Analysis
    • 515 Degree of Operating Leverage
    • 520 Financial Leverage
    • 525 Combined Leverage
  • Finance Perspective – Practice Probs – Leverage & Break-Even Analysis
    • 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 Le
    • 520 P2 Degree of Operating Leverage, Degree of Financial Leverage, & Combined Le
    • 521 P1 Second Degree of Operating Leverage, Degree of Financial Leverage, & Comb
    • 521 P2 Second Degree of Operating Leverage, Degree of Financial Leverage, & Co
    • 522 Degree of Leverage Problem 1
    • 523 Degree of Leverage Problem 2
    • 524 Nonlinear Breakeven Analysis
    • 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
  • Finance Perspective – Excel Probs – Leverage & Break-Even Analysis
    • 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 Le
    • 520 P2 Degree of Operating Leverage, Degree of Financial Leverage, & Combined Le
    • 521 P1 Second Degree of Operating Leverage, Degree of Financial Leverage, & Comb
    • 521 P2 Second Degree of Operating Leverage, Degree of Financial Leverage, & Comb
    • 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

 

Cost Volume Profit Analysis (CVP) – Managerial AccountingCost Volume Profit Analysis (CVP) – Managerial Accounting

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