The Business Professor
Fixed Costs in Accounting
This video explains what are fixed costs and how fixed costs are recorded as part of the managerial accounting process.
The Business Professor
Filing Requirements for Sole Proprietorship
Filing Requirements for Sole Proprietorship
The Business Professor
Federal Trade Commission - Enforcing Antitrust Laws
Federal Trade Commission - Enforcing Antitrust Laws
The Business Professor
Allocating Costs by Department
Cost allocation is the process of assigning costs within the organization to cost objects. The purpose is to determine efficiency, effectiveness, and profitability.
The Business Professor
Activity-Based Management
What is Activity-Based Management? Activity-based management is a method of identifying and evaluating activities that a business performs, using activity-based costing to carry out a value chain analysis or a re-engineering initiative...
The Business Professor
Activity-Based Cost Management - Environmental Costs
Activity based management employs activity based costing methods. Environmental costs can be a cost object or activity driver.
The Business Professor
Activity Based Cost Management - Activity Analysis
An activity analysis is a tool employed as part of activity-based cost management whereby you examine every step in a given process.
The Business Professor
Activity-Based Product Costing
Activity based product costing is the use of activity costing to assign costs to the particular product being produced
The Business Professor
Activity-Based Costing & Management
Activity based costing is a useful tool for management planning and controlling. It helps with decision making, budgeting, and profit analysis.
The Business Professor
Understanding Activity Based Costing and its Relation to Cost of Quality Management
This video provides an overview of activity-based costing and its application to cost of quality management, highlighting the challenges and potential solutions in allocating costs to specific activities.
The Business Professor
Activity-Based Budgeting
Activity based budgeting is an approach to budgeting where every activity or cost driver is identified. This information is useful in reducing inefficiencies when setting a budget.
The Business Professor
Activities related to Activity-Based Costing
Activity based costing seeking to allocate costs to specific activities. There are various levels of activity in the organization - unit-based, batch based, product based, and facility based
The Business Professor
ABC Hierarchy - Limitations
Activity based costing or the ABC Hierarchy as part of the ABC method has numerous limitations.
The Business Professor
Assigning Costs to Cost Objects
Assigning costs to a cost object entails identifying the object, pool costs, determining an allocation rate, and identifying the cost drivers present within the object.
The Business Professor
Antitrust Rule of Reason Per Se Illegality
Antitrust Rule of Reason Per Se Illegality
The Business Professor
Ch1. Video 17 - Analysis:Financial Statement Example Part 1
Financial Statement Analysis - Example Part 1
Curated Video
Developing Initiative
In this video transcript, a teacher named Ryu teaches his students about the importance of initiative through a story about two friends who want to find a coach for their cricket team. With Ryu's guidance, the friends take the initiative...
Curated Video
What is Float? And, What is Slack? in Project Management
In this video, I will answer the question, what is float? Or, if you prefer, what is Slack? (not the software) Float as schedule flexibility It is the amount of time a project activity can slip before it has an adverse effect on another...
Curated Video
What is a Work Breakdown Structure - WBS? PM in Under 5
The Work Breakdown Structure (or WBS) is one of the most basic and most important of your Project Management toolset. So, what is a Work Breakdown Structure?
Curated Video
The Mysteries and Delights of Santorini, Greece
Exploring Santorini, Greece:Our journey begins in the enchanting island of Santorini, where we'll sculpt castles of red and black sand on the shores of Akrotiri Beach. Discover the vibrant energy of Santorini as we traverse its...
Curated Video
How to Make Your Message Memorable
When you communicate with your team or with your stakeholders, you must surely want to make your message memorable. But how? Here are 5 techniques, based on solid psychology. When you communicate with your stakeholders, your ideal...
Curated Video
Top 5 Ways to Remove a Risk Entirely
There are six (arguably seven) strategies for managing risk. But the one that is least understood is the most powerful of all… if you can make it work: removing a risk entirely. So, let's survey one of the most important risk management...