Raw Footage - Intro to the Accounting Profession and Intro to Accounting and to GAAP

[@jiahaochang8628]

Great video!

[@accountingstepbystep2229]

Thank you so much! And thank your for the comment! Have you viewed any of my other videos?

[@jiahaochang8628]

@@accountingstepbystep2229 Yeah! I watched the video of the trip as well :).

[@accountingstepbystep2229]

@@jiahaochang8628 Great! I hope you liked the video! Best regards, Mike

[@jiahaochang8628]

@@accountingstepbystep2229 :) best regards!

[@accountingstepbystep2229]

@@jiahaochang8628 Thank you!

[@kumaravelm3345]

Sir.. your lecture on cvp analysis is super. Could you please upload the cvp analysis on multiproduct ...

[@accountingstepbystep2229]

Thank you for your comment and request. I'll check to see if I have anything on multiproduct CVP analysis. In the meantime, I suggest that, for multiple product situations, you calculate the contribution margin ratio for the total sales and variable costs you anticipate (budget) for all the products. Try to put together a contribution income statement like the one shown in the video that incudes budgeted sales for all the various products the company will sell and the variable costs for all of the products. Subtract the total budgeted variable cost for all products from the total budgeted sales for all the products to arrive at the total budgeted contribution margin. Then divide the total contribution margin amount by the budgeted sales for all products to arrive at the contribution margin ratio (percentage). Divide the company's budgeted total fixed cost and budgeted targeted (desired) total profit by the this CM% to determine the sales in dollars to earn the target profit. To determine sales in dollars to breakeven, simply use a target profit of zero. Please let me know if this is helpful. Again, thank you for your question. Happy New Year and best regards, MIke