The Business Professor
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.
The Business Professor
Value Streaming Map - Explained
What is the Value Streaming Map? Value stream mapping is a technique — developed from Lean manufacturing — that organizations use to create a visual guide of all the components necessary to deliver a product or service, with the goal of...
The Business Professor
Value Engineering
Value engineering is the review of new or existing products during the design phase to reduce costs and increase functionality to increase the value of the product. The value of an item is defined as the most cost-effective way of...
The Business Professor
Choosing a Competitive Strategy
What is the process that businesses use in determining the appropriate competitive strategy
The Business Professor
Cost Volume Profit Analysis - Break Even Analysis
Break even analysis is a key assumption when conducting a Cost Volume Profit Analysis. This video explains the relevance of this assumption.
The Business Professor
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.
The Business Professor
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.
The Business Professor
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.
The Business Professor
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...
The Business Professor
Common Size Analysis
Common size analysis is used to compare financial performance of two different companies or units. It is used to put the compared organizations on the same footing for comparison.
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Du Pont Formula - Assumptions
There are various assumptions made when employing the DuPont formula to compare the performance or Return on Equity between Companies. The primary assumption is that the companies being compared are similar in nature.
The Business Professor
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.
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,...
The Business Professor
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 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.
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Internal and External Factor Evaluation Matrix
The IFE is focused on the internal dimension of the organization by looking at the strengths and weaknesses. While the EFE is concerned with the external factors by focusing on the opportunities and threats the organization is exposed to.
The Business Professor
Industry Lifecycle Analysis
Industry life cycle refers to the stages of growth, consolidation, and eventual extinction of an industry. It mirrors an economic cycle and consists of four main stages: expansion, peak, contraction, and trough. It is used to analyze a...
The Business Professor
Forecasting (Business)
What is Forecasting in business? In the simplest terms, forecasting is the attempt to predict future outcomes based on past events and management insight.
The Business Professor
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.
The Business Professor
Activity Based Cost Management - Activity Analysis
An activity analysis is a tool employed as part of activity-based cost management whereby you examine every step in a given process.
The Business Professor
Analysis of Alternatives - Decision Making
What is the Analysis of Alternatives in Decision Making? The Analysis of Alternatives (AoA) is an important element of the defense acquisition process. An AoA is an analytical comparison of the operational effectiveness, suitability, and...
Curated Video
Pestle Analysis
Unlock business opportunities through a comprehensive Pestle Analysis in this informative video. Explore how this strategic tool helps businesses assess the external factors impacting their operations. Dive into the political, economic,...
Curated Video
Escience: Transforming Scientific Research with Wireless Technology and Collaboration
In this video, we explore the concept of escience and how it is revolutionizing scientific research in inhospitable places like Antarctica. Through the use of wireless technology and the Internet, scientists are able to collect and share...
Curated Video
What is MOST and What is GOSPA?
I often find simple, hierarchical frameworks to be good thinking tools and mental models to help me understand and describe a situation. So, what is MOST and what is GOSPA? What is MOST? MOST Analysis is a business tool for setting...