Professor Farhat, you'll be the reason I pass BEC, my last CPA exam!! I've been watching your videos since my first accounting course in college (it's been 5 years since), and all through my CPA exams now. Your videos have literally saved me every time. Thank you so much.
@@AccountingLectures I've been sharing with friends who are also studying for their CPA's, and they've all heard about you even before I mention it to them! Yes, I just sent an invite. Glad to connect, and also just to update - I passed my last exam! Thanks again for making awesome videos :)
@@yussufhussein8971 Thanks Yussuf! I used Becker, since my firm offered to pay for it. I would recommend looking at Roger and also Ninja. Those seemed to be popular choices for some of my friends. Best of luck to you!
Grace Su Thank you for the reply Grace. I’m considering the Becker fastpass which covers a lot of material in a very short period, 12-14 weeks for all 4 parts. how long did it take you to finish all 4 parts?
Tysm for clearly explaining the formula and the math behind this. I think mathy stuff is easier to understand than wordy stuff, sometimes I get lost in the rigamarole of my textbook lol
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: ✔farhatlectures.com/ ✔Instagram: @farhatlectures ✔ Linkedin: www.linkedin.com/in/professorfarhat/ ✔Facebook:@accountinglectures ✔Twitter: @farhatlectures 🎤Email: Mansour.farhat@gmail.com
You are most welcome. Please subscribe and share. If you want to access more resources, check my website: farhatlectures.com/ Connect with me: Instagram Account: instagram.com/farhatlectures/ Linkedin: www.linkedin.com/in/professorfarhat/ Facebook: facebook.com/accountinglectures Twitter: twitter.com/farhatlectures Email: Mansour.farhat@gmail.com
Hi Tiffany, you are welcome.Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn: website: www.farhatlectures.com Facebook: facebook.com/accountinglectures/ LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-245342
I like how you are going step-by-step. However, I feel you can do a better job explaining each concept and how the numbers are usually determined. I also think with the 2,535 example, when you multiply by 10 and multiply by 6, you use different values for the units ($2,535.7 vs $2,535). I think you should use the same unit for all values. I also feel you can write more neater, the writing is unclear and makes it hard for me to understand. When you put 750x 4=3,000, the 4 looked like a 6 to me at first. Please take these into consideration when making future videos.
Why would you only factor fixed costs? Short term cost realization would focus on meeting variable cost wouldn't it? Even following your narrative, the 751st item sold wouldn't be profit(R-E=P), since the business still has variable costs.
Hi Greg, you are most welcome.Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn:website: www.farhatlectures.com Facebook: facebook.com/accountinglectures/ LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a
Please I am a subscriber to your youtube channel but I need your help on this. Question. Determine the volume of sales the company must achieve in the coming year to maintain the same net income as projected for the current year if the sales price of biscuits remains £4 per box and the cost of biscuits increase by 15%. Sales price per box £ 4.00 Average variable cost £2.40 Fixed cost £440000. Expected annual sales volume (390000 boxes) £1560000. Tax rate 20% Thanks so much. Solomon Nyantakyi.
Professor Farhat, you'll be the reason I pass BEC, my last CPA exam!! I've been watching your videos since my first accounting course in college (it's been 5 years since), and all through my CPA exams now. Your videos have literally saved me every time. Thank you so much.
Hi Grace, I am so happy to hear that. Please share the channel with others. Do you have a linked-in account?
@@AccountingLectures I've been sharing with friends who are also studying for their CPA's, and they've all heard about you even before I mention it to them! Yes, I just sent an invite. Glad to connect, and also just to update - I passed my last exam! Thanks again for making awesome videos :)
Congrats on passing the CPA Grace. what review course did you use? If any.
@@yussufhussein8971 Thanks Yussuf! I used Becker, since my firm offered to pay for it. I would recommend looking at Roger and also Ninja. Those seemed to be popular choices for some of my friends. Best of luck to you!
Grace Su Thank you for the reply Grace. I’m considering the Becker fastpass which covers a lot of material in a very short period, 12-14 weeks for all 4 parts. how long did it take you to finish all 4 parts?
Thank you professor Farhat for explaining this so clearly!
Thanks a lot Professor Farhat. Best lesson for understanding CVP concept for my ACCA exams.
Tysm for clearly explaining the formula and the math behind this. I think mathy stuff is easier to understand than wordy stuff, sometimes I get lost in the rigamarole of my textbook lol
Great explanation
You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
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✔Facebook:@accountinglectures
✔Twitter: @farhatlectures
🎤Email: Mansour.farhat@gmail.com
Thank you so much professor! stay safe
At 13:12 you say you don't know selling price but at 13:46 you provide the selling price
l always thank you
You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
✔farhatlectures.com/
✔Instagram: @farhatlectures
✔ Linkedin: www.linkedin.com/in/professorfarhat/
✔Facebook:@accountinglectures
✔Twitter: @farhatlectures
🎤Email: Mansour.farhat@gmail.com
Thank you sir.
You are most welcome. Please subscribe and share. If you want to access more resources, check my website:
farhatlectures.com/ Connect with me: Instagram Account:
instagram.com/farhatlectures/ Linkedin:
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Facebook:
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Thank you so much this was so helpful!!!
Excellent video! Thanks alot!!!
Hi Tiffany, you are welcome.Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn:
website: www.farhatlectures.com
Facebook: facebook.com/accountinglectures/
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Thanks 🙏
You’re welcome 😊 Please take a look at my cost accounting course: farhatlectures.pathwright.com/library/cost-accounting-f8dc09ee/about/
I like how you are going step-by-step. However, I feel you can do a better job explaining each concept and how the numbers are usually determined. I also think with the 2,535 example, when you multiply by 10 and multiply by 6, you use different values for the units ($2,535.7 vs $2,535). I think you should use the same unit for all values. I also feel you can write more neater, the writing is unclear and makes it hard for me to understand. When you put 750x 4=3,000, the 4 looked like a 6 to me at first. Please take these into consideration when making future videos.
Professor, 5:11 should have been: selling price*unit variable cost=Contribution margin per unit
Why would you only factor fixed costs? Short term cost realization would focus on meeting variable cost wouldn't it? Even following your narrative, the 751st item sold wouldn't be profit(R-E=P), since the business still has variable costs.
thanksb
Hi Greg,
you are most welcome.Please subscribe and share the website on your social media and connect with me on Facebook and LinkedIn:website: www.farhatlectures.com
Facebook: facebook.com/accountinglectures/
LinkedIn: www.linkedin.com/in/mansour-farhat-cpa-cia-cfe-macc-2453423a
Please I am a subscriber to your youtube channel but I need your help on this.
Question.
Determine the volume of sales the company must achieve in the coming year to maintain the same net income as projected for the current year if the sales price of biscuits remains £4 per box and the cost of biscuits increase by 15%.
Sales price per box £ 4.00
Average variable cost £2.40
Fixed cost £440000.
Expected annual sales volume (390000 boxes) £1560000.
Tax rate 20%
Thanks so much.
Solomon Nyantakyi.