The Business Professor
Elements of an Operational Plan
This Video Explains the Elements of an Operational Plan
The Business Professor
Discount Future Cash Flows - Business Valuation
What is the Discount Future Cash Flows Method of Business Valuation? Discounted cash flow (DCF) is a method of valuation used to determine the value of an investment based on its return in the future–called future cash flows. DCF helps...
The Business Professor
Depreciation: How to Expense Long Term Assets
In this video, the teacher explains the concept of depreciation in accounting. They discuss how long-term assets are expensed over time and the three common methods of depreciation: straight-line, units-of-production, and...
The Business Professor
Understanding Cost-Volume-Profit Analysis and its Key Metrics
This video explains the concept of cost volume profit (CVP) analysis and the relationships between various metrics used in this analysis. The video delves into key metrics such as contribution margin, net income, variable expense ratio,...
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Cost Volume Profit Analysis - Sensitivity Analysis
A sensitivity analysis as part of the cost volume profit analysis shows how profits vary with changes in cost or volume.
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Cost Classification - Absorption and Variable Costing
Cost classification is a major component of absorption and variable costing. Absorption costing allocates fixed overhead to Cost of Goods Sold while Variable costing allocates fixed overhead to whisl Selling General and Administrative...
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Cost Behavior - Measuring Output and Relevant Range
Cost behavior generally concerns how costs are affected by changes in output. The relevant range is the range of production over which cost behavior is consistent.
The Business Professor
Methods for Allocating Costs Among Support Departments
This video explains the different methods for allocating costs among support departments within an organization - the direct method, the reciprocal method, and the sequential method. These methods help organizations effectively...
The Business Professor
Economic Value Added - Business Valuation
What is the Economic Value Added Method of business valuation? EVA is the incremental difference in the rate of return (RoR) over a company's cost of capital. Essentially, it is used to measure the value a company generates from funds...
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Disintermediation
Disintermediation is the removal of intermediaries in economics from a supply chain, or "cutting out the middlemen" in connection with a transaction or a series of transactions.
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Direct Materials Purchasing Budget
The direct materials purchasing budget contains all of the materials to be purchased and costs of those materials for a production process during a specified period of time.
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Direct Costs vs Indirect Costs
This video explains what are direct costs and indirect costs and how are they recorded. Further, it identiifies how this information is important for management decision making.
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Integrative Negotiation Tactics
This Video Explains Integrative Negotiation Tactics
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InSourcing vs Outsourcing
What is Insourcing? What is Outsourcing? Outsourcing is the process of hiring a third-party or outsourcing company to do a specific task or function for your business. On the other hand, insourcing means bringing the task or function...
The Business Professor
Income Recognition and Valuation of Liabilities
How does income recognition and the valuation of liabilities associated with deferred income affect the profitability or performance of a company. Income recognition principles give rise to deffered income and the associated liabilities....
The Business Professor
Implement Activity-Based Costing
There are numerous steps in the process for implementing an activity-based costing system. This video explains the process for implementing activity based costing.
The Business Professor
General Description of Business - Business Plan
What is the General Description portion of a business plan? The company description should feature: The legal structure of your business (corporation, sole proprietorship, etc.) A brief history, the nature of your business, and the needs...
The Business Professor
GAAP Applied to PPE & Intangibles
This video discusses the application of Generally Accepted Accounting Principles (GAAP) to the recording and reporting of property, plant, and equipment (PPE) and intangible assets. They explain how this affects disclosure and ultimately...
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Fixed Overhead Analysis
Overhead is a major component of any budget. Overhead may be fixed or variable. A fixed overhead analysis seeks to identify what portions of the overhead is affected by operations.
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Fixed Costs in Accounting
This video explains what are fixed costs and how fixed costs are recorded as part of the managerial accounting process.
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First-In, First-Out Method - Accounting
First-In, First-Out Method - Accounting
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First Mover Advantage
In marketing strategy, first-mover advantage is the competitive advantage gained by the initial significant occupant of a market segment.