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Standard Product Costs
Standard costs are used to estimate what will be the Cost of Goods Sold or COGS.
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Situational Analysis - 4C, 5C, 7C Approaches
What is the 4C Situational Analysis? The 5C Situation analysis is a method of conducting both an internal and external analysis of a company.
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Rule 147 and Section 3 - Securities Exemption
Rule 147 and Section 3 - Securities Exemption
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What State to Form a Business Entity_
What State should you choose to Form a Business Entity? While there are no specific laws that make it more suitable for LLCs than other states, Delaware is the state of choice to incorporate because of their business-friendly corporate...
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Variances in Cost Volume Profit Analysis
Variance in any of major variables employed in the cost volume analysis will cause a variation in the expected output or profits from operations. This video identifies the major variables that may vary in a CVPA analysis.
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Types of Business Strategy
Organizational (Corporate) Strategy; Business (Competitive) Strategy; Functional Strategy ; Growth-Based Strategies,; Stability Strategies, · Retrenchment
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Turnaround Management
What is Turnaround Management? Turnaround management is a process dedicated to corporate renewal. It uses analysis and planning to save troubled companies and return them to solvency, and to identify the reasons for failing performance...
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Total Quality Management
What is Total Quality Management or TQM? Total quality management consists of organization-wide efforts to "install and make permanent climate where employees continuously improve their ability to provide on demand products and services...
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Choosing the Right Business Entity
How do you Choosie the Right Business Entity? When choosing a business entity, you should consider: (1) the degree to which your personal assets are at risk from liabilities arising from your business; (2) how to best pursue tax...
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Business Plan - Operations
What is the Operations section of the Business Plan? What should be included? The operations section of your business plan is where you explain – in detail – you company's objectives, goals, procedures, and timeline. An operations plan...
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Business Model vs Business Plan
What is the difference between a Business Model and a Business Plan? The business model is the foundation of a company, while the business plan is the structure. So, a business model is the main idea of the business together with the...
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Budgeting
Budgeting or setting a budget is the process of allocating resources to future or intended activities. There many types of budget and manners of involvement in the budgeting process.
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Benefits of Getting Acquired vs an IP
What are the Benefits of Getting Acquired compared to going through an IPO? An IPO is when a private company decides to go public and sell its shares to investors, whereas an acquisition is when a company buys out another.
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Continuous Manufacturing
Continuous manufacturing is an approach to manufacturing that includes mass production, process production, and discreet production
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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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Expanding Into Foreign Markets
How does a Business Expand into Foreign Markets? This can involve a range of activities, including establishing a physical presence in international markets, building relationships with customers and partners, adapting products and...
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Elements of an Operational Plan
This Video Explains the Elements of an Operational Plan
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Current Focus of Managerial Accounting
Managerial accounting and the impacts that it has on the organization continuously evolves. This video discusses the current focus or focuses of managerial accounting.
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Intended, Realized, Emergent, and Deliberate Strategy
A realized strategy is the strategy that an organization actually follows. Realized strategies are a product of a firm’s intended strategy (i.e., what the firm planned to do), the firm’s deliberate strategy (i.e., the parts of the...
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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.