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Course Details

Revenue and Margin Analysis - Explaining variances by computing the impact of price, volume and mix (Course Id 408)

Updated / QAS / Registry   Add to Cart 
Author : Joseph P Helstrom, CPA
Status : Production
CPE Credits : 2.0
IRS Credits : 0
Price : $19.95
Passing Score : 70%
Primary Subject-Field Of Study:

Accounting - Accounting and Auditing for Course Id 408

Description :

The comparison of actual revenue or margin amounts to either budget or prior year results will generally result in a variance. This course demonstrates mathematical formulas to compute the amount of that variance that is attributable to pricing decisions, unit volume and product mix. In the case of margin variances, the calculation for product cost is an additional component. This method is an important tool to clearly and concisely explain revenue and margin variances to marketing, operations and executive personnel. Specific topics covered are the calculation of the price, volume, mix and cost components as well as an explanation of the concept of product mix. Applicable to CPA’s working in the manufacturing or distribution industry as well as CPA’s in public accounting who serve these industries.

Usage Rank : 0
Release : 2017
Version : 1.0
Prerequisites : None.
Experience Level : Overview
Additional Contents : Complete, no additional material needed.
Additional Links :
Advance Preparation : None.
Delivery Method : Self-Study.
Intended Participants : Anyone needing Continuing Professional Education (CPE).
Revision Date : 24-Feb-2017
NASBA Course Declaration : Participants must complete the final examination within one year of purchase and with a minimum passing grade of 70% or better to receive CPE credit unless otherwise noted on the Course History page (i.e. California Ethics must score 90% or better). After logging in click on the Course History links on your My Courses page for the Begin date and Expire date for the Final Exam.
Approved Audience :

NASBA QAS - NASBA Registry - 408

Keywords : Accounting, Revenue, Margin, Analysis, Explaining, variances, computing, impact, price, volume, mix, cpe, cpa, online course
Learning Objectives :

Course Learning Objectives

Upon completion of this course, you should be able to:
    • Identify appropriate explanations for revenue and margin variances
    • Define and compute the price variance component at the revenue and margin levels
    • Define and compute the volume variance component at the revenue and margin levels
    • Define and compute the product mix variance component at the revenue and margin levels
    • Define and compute the product cost variance component at the margin level
Course Contents :

Chapter 1 - Revenue and Margin Analysis - Explaining variances by computing the impact of price, volume and mix

Introduction

Revenue Analysis – The Price Component

Revenue Analysis – The Volume Component

Revenue Analysis – The Mix Component

Revenue Analysis – Summary

Revenue Analysis – Example

Review Questions

 

Introduction to Margin Analysis

Margin Analysis – The Price Component

Margin Analysis – The Volume Component

Margin Analysis – The Mix Component

Margin Analysis – The Cost Component

Margin Analysis – Summary

Margin Analysis – Example

Review Questions

 

Glossary

Accounting Course 408 Home: https://www.cpethink.com/qas-cpa-courses
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