In this introductory course we explore fixed, variable, and mixed costs and how to use our understanding of these costs to better understand the relationships between cost, volume, and profit.
Course Key Concepts: Introductory managerial accounting, Cost Volume Profit, Fixed cost, Variable cost, Mixed cost, Break-even, Target profit, Contribution margin, Projecting costs, High-low method, Scattergraph/Regression, Margin of safety, Operating leverage.
NOTE: A downloadable file ‘Chapter 3.epub’ is available for this course. To access that file, please click here to download the file and use the appropriate player like (apple books or adobe digital editions) to run the file correctly.
Other Modules of Introductory Managerial Accounting by Erik Slayter.
1. Introductory Managerial Accounting - Classifying Costs
2. Introductory Managerial Accounting - Job Costing
3. Introductory Managerial Accounting - Cost, Volume-Profit Analysis
4. Introductory Managerial Accounting - Budgeting
5. Introductory Managerial Accounting - Variance Analysis
6. Introductory Managerial Accounting - Capital Budgeting
Learning Objectives
- Identify classify costs by behavior.
- Discover and calculate measures important to a business with regards to cost/volume/profit.
- Explore and evaluate changes in inputs and their effect on outputs.
- 1. IAS 36 - Impairment of Assets
- 2. FASB ASC 805 - Accounting for Goodwill in Business Combinations
- 3. Accounting for Non-Current Assets in the Context of Both IAS 16 and 40
- 4. Bookkeeping: Responsibilities
- 5. Create a More Engaging Audit Report
- 6. IAS 2 - Inventories
- 7. The Controllership Series: Introduction to the Financial Close Process
- 8. Accruals and Prepayments
- 9. Fraud Audit Techniques Using Excel (Text Based Course)
- 10. Q3 2022 Technical Accounting Update
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Prerequisites
Basic understanding of financial statements (Introductory Financial Accounting) and the Introductory Managerial Accounting - Job Costing course.