This module covers the decision making process that businesses go through and the costs associated with those decisions; including decisions related to replacing equipment and assets, producing items internally versus outsourcing production, processing special or non-routine orders, and determining whether to sell items or process them further.
Program Registration:
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Learning Objectives:
Upon completion of this course, the learner will be able to:
- Describe the difference between relevant and irrelevant costs in decisions
- Calculate whether to keep or replace old equipment
- Discuss whether a product line or other organizational segment should be dropped or retained
- Conduct a make or buy analysis
- Identify whether a special order should be accepted
- Determine the most profitable use of a constrained resource
- Calculate whether a joint product should be sold at the split-off point or processed further
Estimated Course Duration: 1 hour (1 CPE)
Delivery Method: Online Self-Study
Field of Study: Accounting
Program Level: Overview
Advance Preparation/Prerequisites: None
Program Content:
Managerial Accountant’s Role in Decision Making
Cost Concepts for Decision Making
Identifying Relevant Costs
- Sunk Costs
- Future Costs
- Unavoidable Costs
Opportunity Costs
Replacing a Machine
Contribution Margin Approach
Outsourcing vs. In-Sourcing
Special orders
Constrained Resources
- Theory of Constraints
- Lean Manufacturing
Managing Constraints
Joint Products
- Common, or Joint Costs
- Separable Costs
Download PDF Course Description:
(1 page, 43 KB)
1.
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2. Click on
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3. The link takes you to the KL
plus Login window.
4. Enter your email address and password and then click the
Submit button.
5. The training module will launch automatically. NOTE: Most training modules are narrated. To view speaker notes during the presentation, click the Notes tab.
In order to earn CPE credit, you must complete the training module within one year of enrollment and score 70% or above on the Final Exam.
Complaint Resolution Policy/Refund Policy:
For more information regarding refund, complaint and program cancellation policies, please contact our offices at (866) 923-8513 or if outside the U.S., please call +1 (925) 598-7771. You may also email us at knowledgeleader@protiviti.com.
Protiviti is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.