Course Overview
- Course Title: Cost Volume Profit Analysis (CVP) – Managerial Accounting
- Instructor: Robert (Bob) Steele
- Target Audience:
- Aspiring accountants
- Business owners
- Financial professionals
- Students
- Prerequisites:
- Basic Accounting Knowledge
- Familiarity with Financial Statements
- Mathematical Skills
- Willingness to Learn
Curriculum Highlights
- Key Topics Covered:
- Managerial and cost accounting principles
- Contribution Margin Income Statement
- Cost classification (fixed, variable, mixed)
- Break-even point calculation
- CVP analysis techniques
- Operating leverage
- Assumptions and limitations of CVP analysis
- Excel-based problem-solving
- Impact of cost and volume changes on profit
- Strategies for profit optimization
- Application of CVP analysis in business contexts
- Key Skills Learned:
- Define key principles of managerial and cost accounting
- Construct and use a Contribution Margin Income Statement
- Classify business costs
- Calculate break-even points
- Forecast business performance
- Adapt CVP analysis for multiple inventory products
- Compute operating leverage
- Evaluate CVP analysis assumptions
- Apply concepts to solve Excel-based problems
- Assess impact of changes on profit
- Formulate profit optimization strategies
- Identify relevance of CVP analysis in business
- Distinguish between high-low and scatter diagram methods
Course Format
- Duration: 22 hours on-demand video
- Format: Self-paced online course
- Resources:
- Assignments
- 60 downloadable resources
- Access on mobile and TV
- Certificate of completion