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Marginal Profitability Analysis

  • Accountant
  • CPA (CA)
  • CMA
  • CPA (US)
  • CA - ICAEW
  • ACCA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: December, 2020

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • Definition of Marginal Costs and Marginal Costs and Marginal Profit
    5 mins
  • Example of three types of costs
    13 mins
  • Asymmetric cost changes
    19 mins
  • Marginal Profit and Activity-Based Costing (ABC)
    31 mins
  • Which product to produce?
    43 mins
  • Pricing increase analysis
    52 mins

Course Description

Marginal profitability analysis provides relevant decision information for setting prices, product design, and product profitability. Analysis of whether to open or close locations or divisions can also be done using marginal profitability analysis. This webinar provides key insights with better information provided by marginal profitability analysis. It will cover the following topics:

Key Topics:

  • What are the marginal cost and marginal profit? How do we define them?
  • How to calculate marginal profitability?
  • How to create cost-volume-profit analysis (CVP) and breakdown analysis?
  • Comparison of marginal profitability with Traditional full Absorption Product Costing, or Activity-based costing
  • Identifying the pros and cons of marginal profitability, traditional full Absorption costing, and activity-based costing
  • Recognizing when marginal profitability, traditional full absorption costing, and activity-based costing are appropriate
  • Practical examples of making decisions with marginal profitability analysis - include examples of determining optimal production amounts and which products to promote. 
  • How to calculate the change in profitability from a price increase and a price decrease. It is explained in-depth with a worksheet template. 

The simpler and actionable nature of marginal profitability analysis can support businesses in making informed tactical decisions that will be highly beneficial in the long run. This webinar will be key-value provider for the professionals who are employed or to professionals in practice who need to provide guidance to their clients. 

Learning Objectives

  • To explore the definitions of marginal costs and marginal profitability
  • To discover how to use a cost-volume-profit analysis and break-even analysis
  • To identify the pros and cons of using marginal profitability analysis, activity-based costing, and traditional full absorption costing.
  • To explore the following keys factors to profitability: cannibalization, excess capacity, and step-fixed cost
  • To recognize the best uses for marginal profitability analysis

Who Should Attend?

  • Accountant
  • Accounting Firm
  • Accounting Managers
  • Bookkeepers & Accountants & Tax Preparers
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Finance Director
  • Finance Pros
  • Personal Financial Specialist
  • Personal Financial Specialist (PFS)
  • Senior Accountant
  • Staff of Accounting Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPE Credit of Cost Management for Certified Management Accountants (CMA)
  • 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 1 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper
  • 1 CPD Credit for CA - ICAEW
  • 1 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Rob Stephens

Founder, CFO Perspective

I provide financial consulting, coaching, and education for small businesses. My company helps small businesses and their owners:

  •  Improve cash flow
  •  Gain clarity on long-term business strategy and shorter-term plans
  •  Cut through the clutter of numbers to identify and measure the key measures of success
  •  Determine the most profitable opportunities
  •  Maximize pricing strategy
  •  Overcome thinking errors that hamper success
  •  Forge a common strategy with a business partner
  •  Gain confidence in a significant financial decision
  •  Optimize business cash flows for personal cash flow needs

About Company

CFO Perspective

cfoperspective.com

CFO Perspective provides financial consulting, coaching, and education for small businesses.  My company helps small businesses and their owners:

  • Improve cash flow
  • Gain clarity on long-term business strategy and shorter-term plans
  • Cut through the clutter of numbers to identify and measure the key measures of success
  • Determine the most profitable opportunities 
  • Maximize pricing strategy
  • Overcome thinking errors that hamper success
  • Forge a common strategy with a business partner
  • Gain confidence in a significant financial decision
  • Optimize business cash flows for personal cash flow needs

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
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