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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: March 29, 2018

8 Reviews (22 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
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
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
Member's Profile
Thank you very much for this valuable course.
4
Member's Profile
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 .
Course Syllabus
INTRODUCTION AND OVERVIEW
Decision Making Process
  3:00Decision Framework
  4:53Decision Data
  6:15Types of Decisions
Relevant Costs Explained
  8:22Relevant Costs
The Seven Critical Decisions
  20:267 Critical Decisions
Conclusion
  3:01Summary
Continuous Play
SUPPORTING MATERIALS
  PDFSlides: Decision Making and Relevant Costs
  PDFDecision Making and Relevant Costs Glossary Index
REVIEW & TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM