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Updated in [July 24th, 2023]
By taking this course, learners will gain a comprehensive understanding of relevant cost methods and their application in a range of managerial accounting contexts. They will learn to identify and analyze relevant costs, evaluate equipment investments, assess special offers, make make or buy decisions, optimize sales mix, and eliminate segments or departments. Learners will also gain the skills to set sales prices using cost methods and variable cost methods, ensuring that their pricing strategy aligns with profitability goals. With the knowledge and practical skills acquired from this course, learners will be able to make informed and strategic decisions that will have a positive impact on their organization's financial health and long-term success.
Course Syllabus
Introduction
Managerial Accounting Overview
Make or Buy Decision
Scrap or Rework & Sell or Process Further Decisions
Sales Mix Decision
Segment Elimination or Not Decision
Equipment – Keep Old or Buy New Decision
Special Offer – Accept or Deny Decision
Set Sales Price Using Cost Data
