The topic that he discussed in our webinar are about business management programs. These are the SBM Programs: Bachelor Science in Accountancy, Bachelor Science in Business Administration, Major in Operations Management, Major in Marketing Management, Major in Financial Management, Masters in Business Administration, and Doctors of Business Administration. The Bachelor Science in Accountancy prepares students for careers in accounting and equip them with the knowledge, skills, attitudes, and values to deal effectively, related to professional accountants and responsible citizens. The career opportunities for accounting are Accountant, Audit, Forensic Accounting, Financial Analyst, CPA, Accounting Manager and Internal Audit. Besides accountancy, he also discussed the other business management programs and its career opportunities. He discussed the Business Program is committed in the pursuit of excellence in undergraduate business education. It enables closer integration between formal classroom education and current business practices, provides the exposure program necessary in meeting programs and train students to be generalists in their major field of study. He discussed the Several Student Organization, College of Business Student Council, Junior Executive Management Club, and Junior Philippine Institute of Accountancy.
Models of Cost, Revenue and Profit: some of the most basic quantitative models arising in business and economic applications are those involving in the relationship between a volume variable and cost, revenue, and profit. Financial planning, production planing, sales quotas and other areas of decision making can benefit form such costs, revenue, and profit models. The cost-volume profit (CVP) is a method of cost accounting that looks at the impact that varying levels of costs and volume have on operating profit. He discussed the steps of calculating break even point (BEP). The variable cost per unit has to be calculated based on variable costs from the profit and loss account and the quantity of production. Variable cost will vary in direct relation to the production or sales volume and variable cost primarily include raw material cost, packaging cost, fuel expense, other costs that are directly proportional to theproduction volume. The fixed cost have to be calculated from the profit and loss account. Fixed cost do not vary according to the production volume. The fixed cost include interest expense, rent, taxes paid, fixed salaries, depreciation expense, labor cost, etc. The selling price per unit is calculated by dividing the total operating income by the units of production. The contribution margin per unit is computed by deducting the variable cost per unit from the selling price per unit.
He discussed the cost and volume models. Companies can use CVP to see how many units they need sell to break even or reach a certain minimum profit margin. CVP analysis makes several assumptions including that the sales price, fixed and variable cost per unit are constant. He gives examples in our webinar. After he discuss, he gives seatwork and the students will solve the seatwork and explain. We also ask questions in our webinar. These discussions are beneficial to us and we can use this in college, also he explained very well in our webinar. The business management program and career opportunities is explained very well to us.
Comments
Post a Comment