Category: Accounting

Contribution Margin and a Limiting Factor (Management Accounting Series)

This management accounting video explains which product to use when there is a limiting factor in place (like space or time, for example). This is a rather simple management accounting tutorial, but it’s important nonetheless as it will likely come up in your managerial accounting textbook. And besides, it’s always good to review the fundamentals! […]

Economic profit vs accounting profit | Microeconomics | Khan Academy

Difference between a firm’s accounting and economic profit Watch the next lesson: Missed the previous lesson? Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own […]

1 Managerial Accounting Basics – 1 Cost Classifications

1 of 10 Managerial Accounting Video Lectures by Professor Bassell on this channel. A discussion of managerial accounting concepts by Professor Myles Bassell. Professor Bassell discusses cost classifications and cost behavior. He explains manufacturing costs and non-manufacturing costs. Professor Bassell mentions the difference between financial and managerial accounting and product costs and period costs. He […]