## CECL Excel Workbook

If you would like to use the Excel workbook that was used to create the Universal CPA lecture on CECL for debt securities, please click the link below to download the Excel workbook: CECL Calculation workbook (Universal CPA Review)

## Variance Analysis Excel Workbook

If you would like to use the Excel workbook that was used to create the Universal CPA lecture on variance analysis, please click the link below to download the Excel workbook: Variance Analysis Lecture Example

## Equity Method Excel Workbook

If you would like to use the Excel workbook that was used to create the Universal CPA lecture on the equity method, please click the link below to download the Excel workbook: Equity Method Lecture Example https://youtu.be/QE4flnmuSkw

## How to calculate cash to accrual adjustment for deferred revenue?

Deferred revenue (liability) will be increased when the company collects cash from customers related to revenue that cannot be recognized (i.e., unearned as performance obligations have not been satisfied). Deferred revenue will be decreased when the company recognizes revenues that was previously categorized as unearned revenue. On the exam, you could be asked for the…

## How to interpret the breakeven point in units?

The formula for calculating breakeven point in units is to take total fixed costs and divide by contribution margin per unit. Contribution margin per unit is calculated as revenue per unit minus variable costs per unit. The output of this formula will tell the company exactly how many units they need to sell to cover…

## What is target costing?

Target costing is a system in which a company plans in advance the price points, product costs, and margins that it would like to use to achieve a new product. This concept will use the selling price of the product in order to determine the production of the cost that is required to enter the…

## What is capital rationing?

Capital rationing is meant to illustrate that a company does not have unlimited capital, so they would perform analysis to determine what types of capital projects would provide the greatest benefit to the company. Every company will use different metrics to determine which projects to accept or reject based on their goals.  As it relates…

## 12 Tips to Pass the CPA Exam

Use as many or as few of these CPA exam tips as you want! Tips to Pass the CPA Exam Passing the CPA exam starts with using the Universal CPA Review course. If you’re studying for the CPA exam, then these 12 tips will help you pass the CPA exam. These tips can be used if…