Cost Accounting: Decision Making

About this course

In the third course, you will learn how to use information from cost accounting to improve managerial decision-making. We discuss business decisions and suggest how cost information can support them best. For example, how will costs change if managers adjust cost drivers? How many units do companies need to sell in order to avoid losses or to achieve a targeted profit? How can managers improve pricing or product programs with information from cost accounting?

What you will learn

• You will learn methods that help to figure out how costs will behave if you adjust produced or sold quantities.
• You will learn how cost information can support business decisions best.
• You will learn to distinguish costs that are relevant for business decisions from costs that are irrelevant.