The Business Professor
Breaking Down Mixed Costs (Part 2)- Managerial Accouting
This video explains how to use computational methods break down mixed costs in Managerial Accounting. Computation adds to the analytical abilities of managers when making accounting decisions.
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Break-Even Point - Units Calculation
The units calculation for the break even point in an activity is used to determine exactly how many units of output must be produced and sold for the company to breack even monetarily.
The Business Professor
Break Even - Units vs Dollar Value of Sales
The break even point for an organization can be calculated as either the total number of units sold or the total value of units sold.
The Business Professor
Breaking Down Mixed Costs (High-Low Method) - Accounting
This video explains the high-low method of breaking down mixed costs in managerial accounting. The high-low method is a commonly used approach to cost accounting in managerial accounting.
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Determine Cost of Inventory - Financial Accounting
Determine Cost of Inventory - Financial Accounting
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Depreciation for Tax Reporting - Financial Accounting
Depreciation for Tax Reporting - Financial Accounting
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Decision-Making Model in Managerial Accounting
Managers routinely rely upon decision-making models. This video explains the decision-making model in managerial accounting.
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Decision-Making and Relevant Costing
Relevant costs or relevant costing is closely related to decision making. A relevant cost is a cost that will directly change based upon a singular decision.
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Costs in Decision Making - Accounting
This video explains the importance of identifying, categorizing, and recording costs in managerial accounting. The determination of costs is a major factor in management decision making.
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Cost Volume Profit Analysis - Risk and Uncertainty
Risk and uncertainty are present throughout the Cost Volume Profit analysis. Namely, there are numerous assumptions about revenue and expenses. The methods used to estimate these variables seeks to minimize the level of risk present.
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Cost-Volume-Profit Analysis - Operating Income
The Cost Volume Profit Analysis yields the number of units needed for an operation to break even. At break even, the operating income is zero.
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Cost Volume Profit Analysis (CVP) - Accounting
This video provides and explanation of what is Cost Volume Profit Analysis. It gives a brief overview of how the CVPA is used in managerial accounting.
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Cost Strategy (Low Cost Production)
Low-cost strategy enables the firm to sell its product/service with a lower price compared to its competitors because of lower costs of producing products/service; as a result of this, they win a competitive advantage in the industry.
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Cost Volume Profit Analysis (CVP) Assumptions - Accounting
Various assumptions must be made or are relevant when conducting a Cost Volume Profit Analysis. This video explains the nature of those assumptions.
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Cost Behavior
Costs change or react to changes in other organizational levels or variables. Most notably, the Cost Volume Profit analysis analyzes changes in cost related to profitability and volume.
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Understanding Cost Behavior and its Impact on Managerial Judgment
This video explores the concept of cost behavior and its relevance to managerial judgment. The video introduces two common methods for assessing cost changes: the high-low method and regression analysis. The video emphasizes that...
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Controllable Costs - Accounting
This video explains what are controllable costs and how the identification of controllable costs assists managers in decision making.
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Comprehensive Environmental Response, Compensation, and Liability Act of 1980
Comprehensive Environmental Response, Compensation, and Liability Act of 1980
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Comparison between Financial and Managerial Accounting
Financial accountants focus on the preparation of financial statements to report to the outside world. Managerial accountants focus on the use of internal information to all internal decision making.
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Clean Water Act - Exception or Variances
Clean Water Act - Exception or Variances
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Clean Air Act - New Source Performance Standards and New Source Review
Clean Air Act - New Source Performance Standards and New Source Review