In 2013, international migrants sent $413 billion home to families and friends — three times more than the total of global foreign aid (about $135 billion). This money, known as remittances, makes a significant difference in the lives of...

Don’t Confuse Cash with Profit – It Could Kill Your Business

How do you determine whether a business idea is financially feasible? You need to evaluate the economic viability of your business idea by considering your start-up cost, cash flow and operational expenses.

Unit cost is an important metric for manufacturing firms to judge efficiency, profitability, and pricing

Cost orientation is a strategic approach that focuses on costs of operations and reducing the per unit costs.

Mixed costs are a combination of two or more related fixed and variable costs. Generally, you used the high-low method of a regression analysis to determine the relationship between fixed and variable costs.

Mixed costss are a combination of fixed and variable costs. Step costs are consistent costs that step up and remain constant over a range.

Product line analysis is a detailed process employed as part of the managerial accounting process. This video explains what is Product Line Analysis in managerial accounting.

Profit planning includes taking a look at operations, creating interlocking budgets, and allocating resources to maximize revenue and minimize costs.

Target Profit Analysis is a key assumption when conducting a Cost Volume Profit Analysis. This video explains the relevance of this assumption.

What should be included in the Financial Projections portion of the business plan? The financial section of your business plan should include a sales forecast, expenses budget, cash flow statement, balance sheet, and a profit and loss...

Break even analysis is a key assumption when conducting a Cost Volume Profit Analysis. This video explains the relevance of this assumption.

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.

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.

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.

Contribution margin is a key assumption when conducting a Cost Volume Profit Analysis. This video explains the relevance of this assumption.

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,...

A sensitivity analysis as part of the cost volume profit analysis shows how profits vary with changes in cost or volume.

Cost structuringis a key assumption when conducting a Cost Volume Profit Analysis. This video explains the relevance of this assumption.

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.

This video explains what are fixed costs and how fixed costs are recorded as part of the managerial accounting process.

In this video, we will understand the concept of cost accrual in project management. We will understand different methods of cost accrual and how to apply them to ensure accurate tracking of project costs.
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In this video, we will learn to work with tasks that have fixed costs associated with them. We will gain insights into managing and tracking expenses not subject to change during the project.
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In this video, you will learn about fixed costs, assigning work without a resource, understanding resource definitions and calendars, and allocating resources. We will understand the assignment of resources to summarize tasks and the...