Self-Study
2
Overview
Accounting
There are no prerequisites

Course 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 variance that is attributable to pricing decisions, unit volume, and product mix. 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. This course is a valuable resource for CPAs working in the manufacturing or distribution industry, as well as for CPAs in public accounting who serve these industries.



Instructor

Joseph Helstrom, CPA

Joseph Helstrom, CPA, is a partner at CFO Resources, LLC, a company focused on training and courseware for CPAs. He’s also the owner of Mill Creek Publishing LLC. Joe has over 30 years of experience as a CPA in both public accounting and industry, with extensive experience in financial reporting and analysis, treasury, tax, information technology, legal and regulatory matters, and strategic planning.

After graduation from Butler University with a degree in accounting, Joe got his start at Ernst & Young. Subsequent to that, he has served for several different companies as a chief financial officer; director of treasury and tax; controller; and manager of financial planning, reporting, and analysis.

Joe and his wife, Patricia McCarthy, produce self-study courses for Western CPE and have published articles in Missouri and Texas CPA society publications titled “Incorporating Excel Arrays into Your Audit Plan.”



Course Specifics

Accounting
Feb 27, 2018
There are no prerequisites
SS1123297
32
None


Compliance Information

103220
Qualifies for CA Fraud: No


Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Recognize the characteristics, components, usage, and terminology associated with revenue and margin analysis
  • Compute the price variance component and the volume variance component at the revenue and margin levels
  • Compute the product mix variance component and the product cost variance component at the revenue and margin levels


Table of Contents

 

Learning Objectives

Introduction

Revenue Analysis

The Price Component

The Volume Component

The Mix Component

Summary

Revenue Analysis – Example

Margin Analysis

The Price Component

The Volume Component

The Mix Component

The Cost Component

Summary

Margin Analysis – Example

Review Questions

Review Question Answers and Rationales

Glossary

Index

Qualified Assessment

Answer Sheet

Course Evaluation

 



Choose Your Preferred Format


Online Access

Get immediate access to a robust collection of learning and reference materials, allowing you to dive deep into the information you need. Our self-study materials are authored by top-quality, industry experts who focus on helping you grasp concepts quickly using real-life examples. Download your CPE to any device, and take it with you so you can learn when and wherever you want. Complete your CPE with an online exam, and enjoy instant grading with the option to print your certificate immediately upon passing.

online access
Hard Copy

Our self-study materials are authored by top-quality, industry experts. You’ll receive a bound notebook of all the course materials, shipped to you within one business day. In addition, you’ll also have full online access. Each self-study package includes a robust collection of learning and reference materials to help you cover the information efficiently and put it into practice immediately.

hard copy
Self-Study Video

Experience high-quality instruction with our Self-Study Videos, available to you 24/7. With more than 80+ videos currently in the Western CPE Self-Study Video library, you can see and hear our expert instructors deliver the information you need in a dynamic way that allows you to immediately apply your learning. Unlike a live course or webcast, you can complete the course on your own time, playing and pausing as needed. Self-Study Videos allow you to complete your CPE requirements on your own time.

hard copy


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