Cost Volume Profit Analysis (CVP) – Managerial Accounting

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