In this video, we’re going to compare the traditional income statement to the contribution margin income statement. In the traditional format, costs are organized by function. This functional classification of costs is helpful for external parties. However, the traditional income statement has a glaring weakness: It doesn’t allow managers to perform cost-volume-profit analysis. To perform CVP analysis you need to know which costs are fixed and which ones are variable. The contribution margin income statement organizes costs based on their behavior. It separates selling costs into their variable and fixed components.— Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education accessible to all people.— SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS: • A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING• A 44-PAGE GUIDE TO U.S. TAXATION• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS• MANY MORE FREE PDF GUIDES* http://eepurl.com/dIaa5z—HIRE THE CREATOR OF EDSPIRA: MICHAEL MCLAUGHLIN, PHD, CPA * https://www.edspira.com/contact/— GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT * https://edspira.thinkific.com — LISTEN TO THE SCHEME PODCAST * Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725 * Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc * Website: https://www.edspira.com/podcast-2/ — GET TAX TIPS ON TIKTOK * https://www.tiktok.com/@prof_mclaughlin — ACCESS INDEX OF VIDEOS * https://www.edspira.com/index — CONNECT WITH EDSPIRA * Facebook: https://www.facebook.com/Edspira * Instagram: https://www.instagram.com/edspiradotcom * LinkedIn: https://www.linkedin.com/company/edspira — CONNECT WITH MICHAEL * Twitter: https://www.twitter.com/Prof_McLaughlin * LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin — ABOUT EDSPIRA AND ITS CREATOR * https://www.edspira.com/about/
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My work life as a financial controller revolves around a few things. It mostly all has to do with financial reporting. But in order to get to report on the financial information, I need to go through some operational tasks around tax, audit, accounts payable billing etc. In general days are very different meaning that I do different tasks each day of the month. But unfortunately the nature of the work means that I have some sort of repetition that occurs each month. It’s almost like living the same month over and over, with some very minor plot twists.In this video I’m gonna attempt to break down a month in the life or financial controller rather than focusing on a day in the life. This is because I believe a month is a better representation of what I have to do to produce monthly financial statements. Start sharing your work with your teammates with Loom [for free]:https://loom.grsm.io/zgrynm5e5d7l————————————————————-Connect with me on Patreon (& download all the templates in my videos):https://www.patreon.com/TheFinController————————————————————-Get 30% off my Online Course on “Learn how to design and build KPIs and Financial Metrics for 2 example businesses”https://thefincontroller.com/p/learn-financial-metrics-kpis?coupon_code=LEARNKPIS30🔥Take 30% off when you enroll in my online course “Night Before the Accounting Interview Guide” including All Levels Q&A🔥:https://thefincontroller.com/p/the-night-before-your-accounting-interview-course-for-all-levels?coupon_code=30OFFCOURSE📈Get My “Controller KPI Dashboard” (Excel + Course) with the most important P&L and Balance Sheet KPIs:https://thefincontroller.com/p/controller-kpi-dashboard-one-kpi-dashboard-to-run-a-business———————————————————————Hang Out with me on social media:📸 https://www.instagram.com/the_financial_controller/📱https://www.tiktok.com/@thefinancialcontroller🙋🏼♂️https://www.facebook.com/groups/780732429036886/?source_id=101273467885666DISCLAIMER: Links included in this description might be affiliate links. If you happen to purchase a product or service with the links that I provide I may receive a small commission. There is no additional charge to you! Thank you for supporting my channel so I can continue to provide you with free content each week!All views expressed on my channel are mine alone. Not intended as financial or professional advice
Meet our alumni Anuj, who cleared the CPA exam at the age of 40 and landed a job at EY. Within a month of completing his CPA, Anuj received the offer from EY and gladly accepted it. He thanks Simandhar Education for helping him clear the CPA exam and assisting in the placement. Congrats Anuj. We are so proud of you. May you continue to reach great heights.”Simandhar Education will help you ace the CPA, CMA, EA, CIA, and IFRS certifications. For any further information regarding the courses, you can feel free to reach out to our expert counselors at 𝟕𝟕𝟖𝟎𝟐𝟕𝟑𝟑𝟖𝟖. Drop your Details: https://bit.ly/3wf2fD4 ——————***—————–***———————***———————***———————–𝗔𝗯𝗼𝘂𝘁 𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻Simandhar Education is a leading training provider for US CPA, US CMA, CIA, EA, and IFRS. Simandhar Education always believes in transforming education and providing high standards of learning to the students. We are the channel partner of AICPA and the official partner of Becker Education, the most acclaimed CPA reviewer in the USA. We believe in imparting information and concentrate on grooming individuals and making them fit for the corporate world. The academy provides quality education with more emphasis on practical knowledge. Simandhar Education has a wide network of world-class trainers, teachers, and industry experts, and all the teachers at Simandhar are CPA qualified and rank holders. We also provide guaranteed placement support to the students and personal grooming sessions for the interviews. “𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀Simandhar education has over 3000 enrolled students and has successfully placed more than 200 students across reputed firms. We have a team of 10 leading faculties and have effectively conducted 100+ corporate events in the CPA/ CMA domain. Contact Us: +91- 7780273388 or leave a message on social media.Make sure to hit the like, share and subscribe to our YouTube channel.To get more updates on the YouTube Channel click: http://bit.ly/2Mt2BB1Now you can listen to our podcast at https://bit.ly/36PYQPP ——————————- 𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 ———————————–Make Sure to follow us on our Social Media Channels:Podcast: https://bit.ly/36PYQPPInstagram: https://zcu.io/TNgDLinkedin: https://bit.ly/2Oh9w5dFacebook: https://zcu.io/gDvXTwitter: https://zcu.io/17cSThink CPA / CMA – Think Simandhar”
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In this video tutorial, we discuss what is Shadow Pricing, how it works, its need along with its advantages and disadvantages. What is Shadow Pricing?Shadow pricing is a technique of assigning a specific price to an item commodity or service that is not bought or sold in any marketplace. Instead, the prices are set based on subjective assumptions.Needs for shadow pricing?- Required for calculating the opportunity cost- Helps in making certain decisions – Estimate the costs and benefits of society.Advantages of shadow pricing- Helps in making proactive decisions – Consider the economic opportunity cost – Helps in comparison – It prevents underpricing- Suitable for monetary calculationsDisadvantages of shadow pricing- Pricing is entirely based on subjective assumptions.- It doesn’t have any proof. – May lead to a wrong decision.- High chance of inaccurate estimates.- Suitable for deciding on the short run.For more details, you can refer to our article –https://www.wallstreetmojo.com/shadow-pricing/Connect with us! YouTube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUwLinkedIn https://www.linkedin.com/company/wallstreetmojoFacebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/Twitter https://twitter.com/wallstreetmojo
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Apprenticeship Day Town Hall with Joanne Fiore
Prerana Tiwari’s journey of becoming a US CMA.Many Congratulations, Prerana Tiwari, for completing the journey of becoming a US CMA with Simandhar Education. She thanked Simandhar from the bottom of her heart for helping with the subjects and instilling the confidence and personality to face the corporate world. Sripal Jain and the entire team of Simandhar are glad to guide such aspiring souls. All the best for your future endeavors. “Simandhar Education will help you ace the CPA, CMA, EA, CIA, and IFRS certifications. For any further information regarding the courses, you can feel free to reach out to our expert counselors at 𝟕𝟕𝟖𝟎𝟐𝟕𝟑𝟑𝟖𝟖. Drop your Details: https://bit.ly/3wf2fD4 ——————***—————–***———————***———————***———————–𝗔𝗯𝗼𝘂𝘁 𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗘𝗱𝘂𝗰𝗮𝘁𝗶𝗼𝗻Simandhar Education is a leading training provider for US CPA, US CMA, CIA, EA, and IFRS. Simandhar Education always believes in transforming education and providing high standards of learning to the students. We are the channel partner of AICPA and the official partner of Becker Education, the most acclaimed CPA reviewer in the USA. We believe in imparting information and concentrate on grooming individuals and make them fit for the corporate world. The academy provides quality education with more emphasis on practical knowledge. Simandhar Education has a wide network of world-class trainers, teachers, and industry experts, and all the teachers at Simandhar are CPA qualified and rank holders. We also provide guaranteed placement support to the students and personal grooming sessions for the interviews. “𝗦𝗶𝗺𝗮𝗻𝗱𝗵𝗮𝗿 𝗔𝗰𝗵𝗶𝗲𝘃𝗲𝗺𝗲𝗻𝘁𝘀Simandhar education has over 3000 enrolled students and has successfully placed more than 200 students across reputed firms. We have a team of 10 leading faculties and have effectively conducted 100+ corporate events in the CPA/ CMA domain. Contact Us: +91- 7780273388 or leave a message on social media.Make sure to hit the like, share and subscribe to our YouTube channel.To get more updates on the YouTube Channel click: http://bit.ly/2Mt2BB1Now you can listen to our podcast at https://bit.ly/36PYQPP ——————————- 𝐅𝐨𝐥𝐥𝐨𝐰 𝐮𝐬 ———————————–Make Sure to follow us on our Social Media Channels:Podcast: https://bit.ly/36PYQPPInstagram: https://zcu.io/TNgDLinkedin: https://bit.ly/2Oh9w5dFacebook: https://zcu.io/gDvXTwitter: https://zcu.io/17cSThink CPA / CMA – Think Simandhar”
In this video tutorial, we explain all about pyramid schemes, their meaning, how they function, their characteristics, and how to spot them?What is a Pyramid Scheme? A Pyramid Scheme is a fraudulent system that involves recruiting an increasing number of investors and making money. Initially, a single promoter recruits an investor and makes him invest a certain amount. In order to make a profit the investor has to recruit more investors into the scheme where he will be paid a certain percentage from the new investment. And the cycle goes on to prepare the group of the initial promoter.Advantages of pyramid schemes.- Good returns- Product marketing at a lower cost- Easily can accumulate donations.- Higher profit- Team buildingDisadvantages of pyramid scheme – High risk of losing your money.- Have many unidentified loopholes.- No guarantee of long-term returns.- Very unstable.How to Spot a Pyramid Scheme?- Higher time constrains- Unrealistic high ROI- Focus more on recruitment- No proof of revenue generated#pyramidscheme #wallstreetmojo #pyramidschemesmeaningFor more details, you can refer to our article – https://www.wallstreetmojo.com/pyramid-scheme/Connect with us! YouTube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUwLinkedIn https://www.linkedin.com/company/wallstreetmojo/mycompany/Facebook https://www.facebook.com/wallstreetmojo/Instagram https://www.instagram.com/wallstreetmojoofficial/Twitter https://twitter.com/wallstreetmojo
Discover how to manage people effectively; people management skills for new managers; good supervisor skills for first-time manager.For more free business guides, templates and tools, visit us at: https://www.bizmove.com/