In today’s fast paced innovation economy, getting costs right is not just an accounting exercise, it is critical to the survival of any business. From large companies like Apple, to the smallest startup, these companies must completely understand their costs structure.
This course helps you understand how the different components of product costs work so that you can accurately and quickly predict costs across a whole spectrum of production volume possibilities.
- Teacher: umer data
SKU *: crs-1546142
Sell price $: 24.00
Course Preview:
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Course Short Description:
This course explains how to accurately and quickly predict and plan product costs and profitability at varying volumes.
credit Hours: 0
CPE Credits Awarded *: 1
Approval Status: - None -
Course is for: ** Main Course Library **
Course Duration: 1
Complexity of Content: Foundational
Suppress in lists: No
Last Updated/Reviewed Date: March 7, 2024
Prerequisitses:
No advanced preparation or prerequisites are required for this course.
Learning Objective:
- Describe the basic cost/volume/profit equation and why it is essential to decision making in the innovation economy.
- Define the concept of contribution margin, how to calculate contribution margin and how to use contribution margin for rapid decision making.
- Be able to calculate the sales and unit volume to achieve breakeven or to achieve a certain target profit and its impact on decision making.
- Appraise the assumptions and limitations behind CVP Analysis.
- Establish how to determine a product’s margin of safety and what it means for decisions on product launch or termination.
Course Type: CPE Course
Format: On Demand
Audit & Accounting: No
Careers: No
Ethics (NASBA): No
Excel: No
Finance: Yes
Human Resources (HR): No
Internal Audit: No
Leadership & Management: No
Marketing: No
Operations: No
Productivity & Tech: No
Risk Management: No
Sales: No
Tax: No
Field of Study: Finance
Other: No
CPA: Yes
CPD-IES7: Yes
CPD-IES8: No
CMA: Yes
CFE: Yes
Yellow Book: No
CGFM: No
CIA: Yes
CRMA: No
CPP: No
FPC: No
CTP: No
FP&A: No
CISM: No
CRISC: No
CISA: No
CIST: No
CRFS: No
SHRM-CP: No
SHRM-SCP: No
PHR: No
SPHR: No
GPHR: No
aPHR: No
PHRca: No
PHRi: No
SPHRi: No
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CPE Credits: 1
Field of Study: Finance
CPE Delivery Method: QAS Self-Study
Program Location:
Online
*Program Level: Basic
*Prerequisites:
No advanced preparation or prerequisites are required for this course.
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Hours: 1
Field of Study: Accounting
CPE Delivery Method: QAS Self-Study
Program Location:
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CPE Credits: 1
Field of Study: Finance
CPE Delivery Method: QAS Self-Study
Program Location:
Online
*Program Level: Basic
*Prerequisites:
No advanced preparation or prerequisites are required for this course.
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CPE Credits: 1
Field of Study: Financial Transactions and Fraud Schemes
CPE Delivery Method: QAS Self-Study
Program Location:
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*Program Level: Basic
*Prerequisites:
No advanced preparation or prerequisites are required for this course.
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*Prerequisites:
No advanced preparation or prerequisites are required for this course.
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Field of Study: Specific business topics such as finance and others
CPE Delivery Method: QAS Self-Study
CPE Credits: 1
Program Location:
Online
*Program Level: Basic
*Prerequisites:
No advanced preparation or prerequisites are required for this course.
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Program Location:
Online
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*Prerequisites:
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<td align="left" valign="middle"><span style="font-size:10px;font-weight:normal;">This activity, <span style="font-size:12px;font-weight:bold;">ID No. 000000</span> has been approved for 1.0 HR (General) recertification credit hours toward aPHR™, PHR®, PHRca®, SPHR®, GPHR®, PHRi™ and SPHRi™ recertification through HR Certification Institute® (HRCI®). Please make note of the activity ID number on your recertification application form. For more information about certification or recertification, please visit the HR Certification Institute website at <a href="https://www.hrci.org">www.hrci.org</a>. </span></td>
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