Module 3: Video Library

Supplementary Videos

Viewing Instructions

Once you have selected a video you would like to watch, please expand it to gain access to Closed Captioning should you need it, or if you would simply like to view an enlarged version of the video. Each video has a short description available for you to read if you click the drop-down button below it. Although you are not expected to watch all of these videos, I do expect you to have seen at least THREE or FOUR. Happy viewing!

Cost Volume Profit Analysis (Calculating Breakeven Point, Breakeven Revenue, Targeted Revenue) | Allen Mursau

Cost accounting for Cost-Volume-Profit Analysis: Understanding & calculating the Breakeven Point (total costs = total revenues), breakeven revenue & targeted income, further examines how Total Revenues, Total Costs & Operating Income Changes with the Units Sold, using Cost Volume Profit Graph (total costs & total revenues, fixed costs, variable costs, operating income, etc.), basic equations for cost-volume-profit = operating income, contribution margins, calculating breakeven point, breakeven revenue & costs, operating profit, operating income, line equations for total revenues & total costs, calculating targeted operating income, etc, detailed calculation & discussion by Allen Mursau.

Contribution Margin and CVP Analysis (Part 1 of 2) | The Accounting Tutor

Contribution Margin and CVP Analysis (Part 1 of 2)

Contribution Margin and CVP Analysis (Part 2 of 2) | The Accounting Tutor

Contribution Margin and CVP Analysis (Part 2 of 2)

CVP: Contribution Margin Ratio | Prof Dave Aldredge

For internal decisions, companies use a Contribution Margin Income Statement, not a Multi-step Income Statement used for financial reporting. Positive contribution margin means companies are generating earnings to help cover fixed costs and normal profits.

Created by Dr Dave Alldredge, Professor of Accounting, Salt Lake City Community College, NV

Cost-Volume-Profit Graph | Prof Mark Meldrum

Learning Objectives covered:
Explain how changes in activity affect contribution margin and operating income

Prepare and interpret a cost-volume-profit graph

Use the contribution margin ratio to compute changes in contribution margin and operating income resulting from changes in sales volume

Mark Meldrum, Ph.D, is a Prep Provider for Levels I, II and III of the CFA® Program. Dr. Meldrum has taught at several higher education institutions in both Canada and the U.S. and has over 20 years of relevant market experience, having invested in/traded almost every asset class (currencies, commodities, equities, fixed-income and selected alternative investments) Dr. Meldrum has been trained in pedagogy and assessment, skills not taught in the CFA Program but are critical to have in a Professor.

Break-Even and Target Profit Analysis | Prof Mark Meldrum

Compute the break-even point in unit sales and sales dollars

Determine the level of sales needed to achieve a desired target profit

Mark Meldrum, Ph.D, is a Prep Provider for Levels I, II and III of the CFA® Program. Dr. Meldrum has taught at several higher education institutions in both Canada and the U.S. and has over 20 years of relevant market experience, having invested in/traded almost every asset class (currencies, commodities, equities, fixed-income and selected alternative investments) Dr. Meldrum has been trained in pedagogy and assessment, skills not taught in the CFA Program but are critical to have in a Professor.

Margin of Safety - Degree of Operating Leverage | Prof Mark Meldrum

Learning Objectives covered:
Compute the margin of safety and explain its significance

Explain cost structure, compute the degree of operating leverage at a particular level of sales, and explain how operating leverage can be used to predict changes in operating income.

Mark Meldrum, Ph.D, is a Prep Provider for Levels I, II and III of the CFA® Program. Dr. Meldrum has taught at several higher education institutions in both Canada and the U.S. and has over 20 years of relevant market experience, having invested in/traded almost every asset class (currencies, commodities, equities, fixed-income and selected alternative investments) Dr. Meldrum has been trained in pedagogy and assessment, skills not taught in the CFA Program but are critical to have in a Professor.

Cost Volume Profit Overview (part 1) | Ryerson University

Ryerson University is a public research university located in Toronto, Ontario, Canada. The university's core campus is situated within the Garden District, although it also operates facilities elsewhere in Toronto

Cost Volume Profit Overview (part 2) | Ryerson University

Ryerson University is a public research university located in Toronto, Ontario, Canada. The university's core campus is situated within the Garden District, although it also operates facilities elsewhere in Toronto.

Breakeven Number of Units | Ryerson University

Ryerson University is a public research university located in Toronto, Ontario, Canada. The university's core campus is situated within the Garden District, although it also operates facilities elsewhere in Toronto.

Operating Leverage | Ryerson University

Ryerson University is a public research university located in Toronto, Ontario, Canada. The university's core campus is situated within the Garden District, although it also operates facilities elsewhere in Toronto.

Cost Behavior | Prof. Meldrum

Learning Objectives covered:

Describe how fixed and variable costs behave and how to use them to predict costs

Mark Meldrum, Ph.D, is a Prep Provider for Levels I, II and III of the CFA® Program. Dr. Meldrum has taught at several higher education institutions in both Canada and the U.S. and has over 20 years of relevant market experience, having invested in/traded almost every asset class (currencies, commodities, equities, fixed-income and selected alternative investments) Dr. Meldrum has been trained in pedagogy and assessment, skills not taught in the CFA Program but are critical to have in a Professor.

Mixed Costs | Prof. Meldrum

Learning Objectives covered:

Analyze mixed costs using various approaches

Mark Meldrum, Ph.D, is a Prep Provider for Levels I, II and III of the CFA® Program. Dr. Meldrum has taught at several higher education institutions in both Canada and the U.S. and has over 20 years of relevant market experience, having invested in/traded almost every asset class (currencies, commodities, equities, fixed-income and selected alternative investments) Dr. Meldrum has been trained in pedagogy and assessment, skills not taught in the CFA Program but are critical to have in a Professor.

Variable vs Fixed Costs | Ryerson University

Ryerson University is a public research university located in Toronto, Ontario, Canada. The university's core campus is situated within the Garden District, although it also operates facilities elsewhere in Toronto

Product vs Period Costs | Ryerson University

Ryerson University is a public research university located in Toronto, Ontario, Canada. The university's core campus is situated within the Garden District, although it also operates facilities elsewhere in Toronto

Some Extra Cost Definition | Ryerson University

Ryerson University is a public research university located in Toronto, Ontario, Canada. The university's core campus is situated within the Garden District, although it also operates facilities elsewhere in Toronto.

Manufacturing Operation Flow | Ryerson University

Ryerson University is a public research university located in Toronto, Ontario, Canada. The university's core campus is situated within the Garden District, although it also operates facilities elsewhere in Toronto

Cost of Goods Manufactured Statement | Ryerson University

Ryerson University is a public research university located in Toronto, Ontario, Canada. The university's core campus is situated within the Garden District, although it also operates facilities elsewhere in Toronto.

Manufacturing Firm (worked example) | Ryerson University

Ryerson University is a public research university located in Toronto, Ontario, Canada. The university's core campus is situated within the Garden District, although it also operates facilities elsewhere in Toronto

Product Costs and Period Costs | The Accounting Tutor

This video provides a relatively simple, qualitative explanation of how expenses are categorized as either product (manufacturing) costs versus period (non-manufacturing) costs within a production firm and is intended for students just beginning a course in managerial accounting

Variable Costs and Fixed Costs (Part 1 of 2) | The Accounting Tutor

This video is Part 1 of a simple, qualitative explanation of how expenses are categorized as variable or fixed.

Variable Costs and Fixed Costs (Part 2 of 2) | The Accounting Tutor

Part 2 of a two-part presentation explaining the differences between variable costs and fixed costs, along with how this characterization of a company's expenses can support management decisions.

Cost Terms | Prof Dave Alldredge

Accounting is like studying a new language and, as such, you will need to be familiar with new vocabulary terms. This short video provides explanations for many common terms you will encounter in a managerial accounting course.

Created by Dr Dave Alldredge, Professor of Accounting, Salt Lake City Community College, NV

Value Chain | Prof Dave Alldredge

Understanding how costs pass through a value chain not only helps companies understand what activities are value-added, but also which costs are period costs and which are product costs. Period costs are operating expenses and get reported as operating expenses on the income statement in the period in which they are incurred. Product costs are assets (located in one of three inventory accounts) until the finished products are sold. Then product costs are reported as cost of goods sold. Where costs appear in the value chain help us categorize them correctly on the income statement.

Created by Dr Dave Alldredge, Professor of Accounting, Salt Lake City Community College, NV

Costs of Goods Manufactured | Prof Dave Alldredge

Cost of Goods Manufactured is an scheduled used to accumulate costs of completed goods transferred to Finished Goods Inventory.

Created by Dr Dave Alldredge, Professor of Accounting, Salt Lake City Community College, NV