It Is Not Possible to Use Post Tax Profits in CVP

question 70

True/False

It is not possible to use post tax profits in CVP analysis.

Know the historical trends in the frequency of organizational evaluations.

Understand the focus of the COMA model in training evaluations.

Apply Kirkpatrick's model to calculate return on investment for training programs.

Differentiate the purposes and shortcomings of different training evaluation processes and models.

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Definitions:

Estimated Revenues

Projections of the amount of money a business expects to receive from its activities or sales within a specific period.

Cost-to-Cost Method

A method used in accounting for long-term contracts where revenue is recognized based on the percentage of project completion, estimated by comparing the costs incurred to the total expected costs.

Construction Contracts

Agreements between parties for executing construction projects, detailing scope, budget, and timeline.

Construction in Progress

An accounting term for the financial balance of ongoing, unfinished construction projects, which is a non-depreciable asset on the balance sheet until the project is completed.