course

Decision Making and Relevant Costs

(32)
4.40625
77 Enrolled
1 Hour (On-Demand)
1 CPE  
Not currently accepting new students

Every company makes critical operational decisions daily.  These decisions could have a major impact on your company’s operations and profitability, and making the right decision is crucial. 

This course provides you with a framework for making these decisions, as well as helps you identify the information that is relevant to making these critical decisions in your organization.

Learning Objectives
  • Observe how to determine which costs are relevant to these important decisions.
  • Differentiate the types and classification of relevant costs, including opportunity costs, avoidable costs, differential costs, differential revenues, and sunk costs.
  • Discuss a framework for making these critical decisions.
  • Articulate the seven critical decisions that many companies face today.
  • Discuss the types of decision data, including qualitative and quantitative, that impact these decisions.
Last updated/reviewed: January 25, 2023
13 Reviews (32 ratings)

Reviews

3
Member's Profile
This is a very basic course straight out of an undergraduate managerial accounting course. I doubt any CPA would have a need for this course. It would be helpful for a non-accountant, such as a Sales Manager however. The lecturer mentioned that he had many years of business experience, yet the course was simply an undergraduate study of Relevant Costing. The course would have been much better had he brought in some of his real life experiences in this area.
4
Anonymous Author
Good reminder that you need to look at all relevant costs when making decisions. I liked the examples used during the class for the different types of decisions - outsourcing, make/buy, etc.
4
Anonymous Author
This course has lots of great examples. It explains why a decisions are made and how to best look at costs and revenues when making decisions.
4
Member's Profile
This course is very helpful in recalling the relevant costs in decision making. The examples are very good and presented in a clear manner.
5
Anonymous Author
The instructor offered good examples, and helpfully reiterated the key points that will be easy to retain/apply.
5
Anonymous Author
Excellent course and presentation of framework to consider for analyzing business issues and making decisions.
5
Anonymous Author
This is a very high level course, but gets you thinking about relevant costs and sunk costs. Good refresher.
5
Member's Profile
enjoyed the course - made major business decisions easier to grasp through the critical decision examples.
5
Anonymous Author
Well presented and well explained. It is a nice revision course.
5
Member's Profile
Excellent review material! well explained and easily understood.
5
Anonymous Author
This course was great at decision making and relevant costs.
5
Member's Profile
Thank you very much for this valuable course.
4
Member's Profile
Great course!!!
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Prerequisites
Course Complexity: Foundational

No advanced preparation or prerequisites are required for this course.

Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  4:11PREVIEW: Introduction to Decision Making and Relevant Costs
Decision Making Process
  Decision Framework3:00
  Decision Data4:53
  Types of Decisions6:15
Relevant Costs Explained
  Relevant Costs8:22
The Seven Critical Decisions
  7 Critical Decisions20:26
Conclusion
  Summary3:01
Continuous Play
SUPPORTING MATERIALS
  Slides: Decision Making and Relevant CostsPDF
  Decision Making and Relevant Costs Glossary IndexPDF
REVIEW & TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam