Management  |  Format: Flash

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.

    Catalog Number: 991443-v2
    CPE Credits: 2 Registry / 2 QAS
    Author: Steve Spafford, CPA
    Advanced Preparation:
    Basic math; Basic accounting
    Course Level: Basic
    Field of Study: Management Services
    Content Partner: SmartPros Ltd.
    QAS: QAS Certified based on 50 minute hours.
    Course Type: Self-study
    Minimum Passing Grade: 70%
    Soft/Hardware Reqs.:  Adobe Acrobat® Reader for the .pdf files
     Adobe® Flash® Player 8 or higher
     56k or Greater Internet Connection
     Modern DHTML Compatible Browser
     Ram: 256 MB minimum
     Windows or Mac OS
    Release/Expiration Dates: Mar 13, 2013 / Dec 31, 2019