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Video of Module 4, M4-1, Compare Traditional and Contribution Margin Income Statements in Managerial Accounting course by Else Grech Accounting channel, video No. 18 free certified online
In this series of videos I cover Cost-Volume-Profit Analysis. In order to start this process it is important to understand the contribution margin income statement and how it differs from the traditional income statement (also called statement of earnings or profit & loss statement) which is used under GAAP (generally accepted accounting principles).
This is your introduction to contribution margins. Your understanding of this content is critical to move forward in introductory management accounting.
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