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Management | Format: Flash
Analyzing Cost Data for Planning v.2
 Course Overview:
Cost-volume-profit (CVP) analysis, together with cost behavior information, helps cost/managerial accountants perform many useful analyses. Cost-volume-profit analysis is useful as a frame of reference, as a vehicle for expressing overall managerial performance, and as a planning device via break-even techniques and "what-if" scenarios.
This course highlights the analytical usefulness of CVP analysis as a tool for profit planning. It looks at three types of cost behavior - variable, fixed, and mixed. Two popular methods of separating mixed costs in their variable and fixed components: the high-low method and regression analysis are also discussed. The last part of the course covers budgeting for profit planning and financial modeling.
Learning Objectives:
After completing this course, the course participant should be able to:
Describe various contribution margin concepts.
Compute the sales necessary to break even or to achieve a target income.
Prepare break-even and profit-volume charts.
Explain four methods of estimating cost functions: engineering analysis, account analysis, high-low method, and least-squares regression method.
Develop a formula using the high-low method.
Explain the need for multiple regression analysis.
Prepare sales, production, cost, and cash budgets.
Describe how budgets aid in planning and control and how a computer-based financial modeling approach may be used in the planning process.
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| Catalog Number: |
991441-v2 |
| CPE Credits: |
2 Registry / 2 QAS |
| Author: |
Steve Spafford, CPA
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Prerequisites/
Advanced Preparation: |
Basic math; Basic accounting |
| Course Level: |
Basic |
| Field of Study: |
Management Services |
| Content Partner: |
SmartPros Ltd. |
| QAS: |
QAS Certified based on 50 minute hours. |
| Course Type: |
Self-study |
| Minimum Passing Grade: |
70% |
| Soft/Hardware Reqs.: |
� Adobe Acrobat® Reader for the .pdf files
� Adobe® Flash® Player 8 or higher
� 56k or Greater Internet Connection
� Modern DHTML Compatible Browser
� Ram: 256 MB minimum
� Windows or Mac OS
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| Release/Expiration Dates: |
Jan 11, 2013 / Dec 31, 2019 |
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