Decision Making Under Risk and Uncertainty (AC)
Learn costing methods and tools that help you make decisions in uncertain situations.
OBJECTIVE:
This course will give you the tools to make decisions that improve financial performance. By focussing on cost-volume-profit analysis, and using factors and techniques to improve short-term decision-making during times of uncertainty, you can develop a cost accounting framework to make effective decisions in today's fast-paced business environment. Value added topics include relevant costs for short-term pricing decisions, breakeven analysis and risk and uncertainty.
The hands-on exercise uses real-world examples to enable you to apply cost accounting tools and acquire a deeper understanding of the essential skills of effective decision-making and how risk and uncertainty can be built in.
LEARNING OUTCOME:
By the end of this course, participants should be able to:
- Determine appropriate inputs to establish a selling price for a product or service.
- Determine breakeven activity levels in single- and multiple-product scenarios.
- Identify factors and techniques used to improve short-term decision-making with uncertainty.
CONTENT:
The topics in this seminar include:
- Short-term pricing decisions
- Break-even analysis
- Uncertainty in short-term decision making
APPLICABLE FOR:
Global accounting and finance professionals, management accountants, CPAs in public practice and consulting firm professionals.
WHAT TO EXPECT:
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After registering for the on-demand course, you will receive an email from Bridge (AICPA) with your login information within two business days.
- You will be required to sign into Bridge to access your course. To create a password for your Bridge account, use the forgot password link. The email from Bridge may take a few minutes to arrive. Please also check your junk folder.
- You will have 180 days after registration to complete the course.
- This self-study course allows the user to save their progress and return to continue later.