Cost Data Analysis

Analyzing Cost Data for Decision Making v.2

Course Overview
Not all costs are of equal importance in decision making, and managerial accountants must identify those costs that are relevant to a decision. This course, entitled Analyzing Cost Data for Decision Making v.2, shows how the relevant cost approach assists managerial accountants in making short-term, non-routine decisions such as whether to accept a below-normal selling price, which products to emphasize, how to formulate a bid price on a contract, and how to optimize utilization of capacity. The course also describes the process of evaluating investment projects, five commonly used criteria for evaluating capital budgeting projects, and the problems that arise with capital rationing. It also discusses how income tax factors affect investment decisions.

Learning Objectives:

Upon successful completion of this segment, you should be able to:

  • Identify the costs that are relevant for a particular decision.
  • Decide if an order should be accepted at below the normal selling price.
  • Determine the bid price on a contract.
  • Decide whether to make in-house or outsource.
  • Learn the types and special features of capital budgeting decisions.
  • Understand the time value of money concept.
  • Calculate, interpret, and evaluate five capital budgeting techniques.
  • Understand how income tax factors affect investment decisions.
  • Calculate after-tax cash flows - initial outlay, differential cash flows, and terminal cash flow.

Content Partner:

SmartPros Ltd.

SmartPros Ltd. is a leader in online and offline continuing education for
accounting, finance and engineering professionals. With over 2,000 hours of
content, SmartPros has been providing mandatory continuing education
products since 1981. SmartPros provides services and content to its
professional and corporate clients, in a variety of media including Web, CD
ROM, and video. In the accounting market, SmartPros also has a predominant
news and information portal which receives 200,000+ visits per month and
provides services to over 100,000 subscribers. SmartPros' customers include
50% of the Fortune 500, as well as the major firms and associations in each
of its professional markets.

Prerequisites/Advanced Preparation:

Basic math; Basic accounting

Speaker / Author:

Steve Spafford is a CPA with DeltaCPE LLC, a national CPE provider.

Software & Hardware Requirements:

  • 56k or Greater Internet Connection
  • Adobe Acrobat® Reader for the .pdf files
  • Adobe® Flash® Player 8 or higher
  • Modern DHTML Compatible Browser
  • Ram: 256 MB minimum
  • Windows or Mac OS

Price (USD)

Standard: $49.90


Course Code : 991443-v2

Length : 1hr 40min
Course Level : Basic
Course Type : New Standards
Passing Grade : 70%
Format Type : eLearning
Field Of Study : Management Services

Theme : Cost Data Analysis

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