In the Cost Accounting: Decision Making course, you will delve into the strategic use of cost accounting information to enhance managerial decision-making. The course covers methods to predict cost behavior when quantities are adjusted, understanding the relevance of cost information in decision-making, and discerning between relevant and irrelevant costs.
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The course modules cover cost functions and determining cost behavior, cost-volume profit analysis, and cost and revenue information for operative decisions.
Delve into the understanding of cost functions and how costs behave when quantities are adjusted. Gain insights into analytical and statistical methods for cost forecasting and learn to document cost forecasts for varying capacity levels.
Explore the concepts of cost-volume profit analysis, including considerations for a single product, target profits, multiple products, and sales mix. Understand the assumptions and sensitivity analysis involved in cost-volume profit analysis, and apply it to real-life case studies.
Gain a comprehensive understanding of cost and revenue information for operative decisions. Learn to determine optimal product mix, pricing decisions, and make-or-buy decisions. Understand the implications of sunk costs, opportunity costs, and full-cost information.
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