Course description
Managerial and cost accounting topics of cost volume profit analysis (CVP).
We will review managerial accounting concepts and the difference between managerial accounting and cost accounting.
The course will start out introducing our primary CVP tool, a contribution margin income statement. The contribution margin income statement will give us an idea of where we are going as we then zoom into more detail going forward, focusing on the nuances of each step in the process.
We will discuss the concept of mixed costs, why they are a problem, and different methods for dealing with them including a high low method and scatter diagram method.
The course will explain the breakeven point in units and revenue, one of the foundational concepts of cost volume profit analysis (CVP), and one many other concepts are built from.
We will discuss forecasting using cost volume profit analysis (CVP). Projections into the future are one of the significant benefits that CVP provides.
The course will cover techniques to apply CVP analysis when there are multiple inventory products.
We will also discuss the concept of operating leverage, how it is calculated, and why it is useful.
The course will talk about assumptions that cost volume profit analysis makes and limitations to CVP analysis.
We will also work a comprehensive problem using Excel and step by step instructional videos.
The course will have many Excel worksheets to help us review topics. Excel worksheets generally include three tabs. One tab will have the completed problem so we can see the result. Another tab will have a preformatted worksheet where we can fill in the problem. The last tab will have a blank worksheet where we can build our own tables if we choose.
Who this course is for:
 Accounting students
 Business owners
 Anyone who whats to learn accounting
Requirements:
 An understanding of basic accounting terms
What you'll learn:
 How to use Cost Volume Profit Analysis (CVP)
 Managerial accounting and cost accounting concepts
 How to categorize costs by behavior
 How to prepare a contribution margin income statement
 How to calculate contribution margin, unit contribution margin, & contribution margin ratio
 How to calculate the break even point and the margin of safety
 How to forecast using CVP
 How to calculate operating leverage
Course curriculum

1
Introduction
 105 Cost Volume Profit (CVP)
 105 Cost Volume Profit Analysis (CVP) FREE PREVIEW
 107 Overview Example
 107 Cost Volume Profit Analysis (CVP) Overview Example FREE PREVIEW
 110 CVP Assumptions
 110 Cost Volume Profit Analysis Assumptions  Copy FREE PREVIEW
 Accounting Comic

2
Managerial Accounting Overview
 2 Managerial Accounting Overveiw
 PDF  10 Managerial Accounting Introduction
 10 Managerial Accounting Introduction
 PDF  20 Cost Classifications
 20 Cost Classifications
 PDF  30 Product Costs & Period Costs
 30 Product Costs & Period Costs
 PDF  40 Direct Materials Labor & Overhead
 40 Prime Costs & Conversion Costs
 PDF  50 Manufacturer's Balance Sheet
 50 Manufacturer's Balance Sheet
 PDF  60 Manufacturer's Income Statement
 60 Manufacturer's Income Statement
 PDF  70 Manufacturing Activities Flow
 70 Manufacturing Activities Flow
 PDF  80 Just In Time (JIT) Manufacturing
 80 Just In Time (JIT) Manufacturing
 PDF  90 Job Cost vs Process Cost
 90 Job Cost Vs Process Cost
 Accounting Comic

3
Contribution Margin Income Statement
 3 Contribution Margin Income Statement
 PDF  150 Income Statement Manufacturing Company
 150 Income Statement Manufacturing Company
 PDF  154 Contribution Margin Income Statement
 154 Contribution Margin Income Statement
 Worksheet to Download
 154 Worksheet  Contribution Margin Income Statement
 Multiple choice 1
 Accounting Comic

4
Mixed Costs
 4 Mixed Costs
 PDF  400 Mixed Costs
 400 Mixed Costs
 PDF  415 Scatter Diagram
 415 Scatter Diagram
 Download Excel Worksheet
 417 Graphs In Excel
 Worksheet  Download Excel Worksheet
 Worksheet  418 Scatter Graph
 PDF  420 High  Low Method
 420 High  Low Method
 Download Excel Worksheet
 420 Worksheet Hith Low Method
 Multiple choice 2
 Accounting Comic

5
Contribution Margin, Unit Contribution Margin, & Contribution Margin Ratio
 5 Contribution Margin, Unit Contribution Margin, & Contribution Margin Ratio
 PDF  425 Contribution Margin
 425 Contribution Margin & Contribution Margin Ratio
 Download Excel Worksheets
 425 Worksheet Contribution Margin
 PDF  427 Contribution margin income statement
 427 Contribution Margin Income Statement & Contribution Margin Per t
 Multiple choice 3
 Discussion Question 1
 Accounting Comic

6
Break Even Point & Margin of Safety
 6 BreakEven Point & Margin of Safety
 PDF  428 Break even point
 428 BreakEven Point
 Download Excel Worksheet
 428 Worksheet Break Even Point
 Download Excel Worksheet
 429 Worksheet Targeted Net Income
 PDF  432 Margin of Safety
 432 Margin of Safety
 Multiple choice 4
 Discussion Question 2
 Accounting Comic

7
Forecasting
 7 Forecasting
 PDF  438 Forecasting
 438 Forecasting
 Download Excel Worksheet
 438 Worksheet Forecasting
 Multiple choice 5
 Discussion Question 3
 Accounting Comic

8
Multiple Inventory Items
 8 Multiple Inventory Items
 PDF  444 Composite Units Break Even
 444 Composite Unit Break Even
 Download Excel Worksheet
 442 Composit Units
 Multiple choice 6
 Discussion Question 4
 Accounting Comic

9
Operating Leverage
 9 Operating Leverage
 PDF  448 Operating Leverage
 448 Operating Leverage
 Download Excel Worksheet
 Worksheet  448 Operating Leverage
 Multiple choice 7
 Short Calculation Questions
 Discussion Question 5
 Accounting Comic

10
Cost Volume Profit Analysis Assumptions
 10 Cost Volume Profit Analysis Assumptions
 PDF  450 CVP Assumptions
 450 Cost Volume Profit Analysis Assumptions
 Multiple choice 8
 Short Calculation Questions
 Discussion Question 6
 Accounting Comic

11
Comprehensive Problem
 11 Comprehensive Problem
 Download Excel Worksheet
 CVP Comp Problem 1
 CVP Comp Problem 2
 CVP Comp Problem 3
 CVP Comp Problem 4
 Multiple choice 9
 Accounting Comic
Meet your instructor!
Robert (Bob) Steele
CPA, CGMA, M.S. Tax, CPI
Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.
Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified PostSecondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).
Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.
In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on Itunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible.
Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with realworld software like Excel and QuickBooks.
Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.
Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.
Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.
The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.
Take this course today!
"Cost Volume Profit Analysis (CVP) – Managerial Accounting"

$27.81
Lifetime enrollment