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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: October 17, 2018
8 Reviews (23 ratings)Reviews
Kevin Ellis, CPA, CMA
(Instructor of ACCA certification courses at Becker Professional Education)
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.
Anonymous
(Independent Financial Consultant)
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.
MARIA LUISA DE GUZMAN
(Manager - Billing Staff & Financial Resu.. at Harbor Rail Services of California)
This course is very helpful in recalling the relevant costs in decision making. The examples are very good and presented in a clear manner.
Collin Thomas
(None at None)
enjoyed the course - made major business decisions easier to grasp through the critical decision examples.
Anonymous
(Financial Services Professional)
Well presented and well explained. It is a nice revision course.
Richard Dandan
(Senior Accounting Specialist at National Food Authority)
Excellent review material! well explained and easily understood.
Sami Jabra Seedhom
(Accounting Department Manager at Edrak Int. For Commercial Services)
Thank you very much for this valuable course.
Andrea Stigliano
(Credit & Collection Supervisor at VF Jeanswear Argentina SRL)
Great course!!!
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 .