# Cost Accounting: Decision Making

• Offered byCoursera

## Cost Accounting: Decision Making at Coursera Overview

 Duration 8 hours Start from Start Now Total fee Free Mode of learning Online Difficulty level Intermediate Official Website Explore Free Course Credential Certificate

## Cost Accounting: Decision Making at Coursera Highlights

• Earn a Certificate upon completion from Coursera
• Get flexible deadlines in accordance to student's schedule
• Course 3 of 3 in the Cost Accounting Specialization

## Cost Accounting: Decision Making at Coursera Course details

Skills you will learn
• In the third course, students will learn how to use information from cost accounting to improve managerial decision-making
• Discuss business decisions and suggest how cost information can support them best

## Cost Accounting: Decision Making at Coursera Curriculum

Cost functions and determining how costs behave

Elementary cost functions

Combinations of elementary cost functions

Cost function, cost drivers, and the time horizon

Simplifying cost functions and the relevant range

Analytical methods

Statistical methods

Documenting cost forecasts

Course Overview

Introduce yourself!

Lecture slides for this course

Outlook: How to apply ?sticky costs? in advisory services

Practical example: Statistical cost determination in a hospital

Deriving and visualizing cost functions in Excel

Identifying typical cost functions

Determining cost functions

Calculating planned cost-allocation rates

Statistical methods for determining cost functions

Documenting cost forecasts for varying capacity levels

Cost-volume profit analysis

Objectives of cost-volume profit analysis

CVPA for a single product

Considering target profits in CVPA

Cost-volume profit analyses for multiple products

Cost-volume profit analyses with a constant sales mix

Assumptions of cost-volume profit analysis

Sensitivity analysis

Margin of safety percentage

Insourcing versus outsourcing

Operating leverage

Introduction to cost-volume profit analysis

CVPA for a single product

CVPA and target profits

CVPA for multiple products

Cost-volume profit analysis

CVPA with uncertain input parameters

Case study: RFID labels

CVPA and cost-structure flexibility

Repeat CVPA

CVPA in a company with two products

Cost and revenue information for operative decisions

The decision making process

Planning objects, horizon, objectives and constraints

Quantitative and qualitative information

Characteristics of decisions under uncertainty

Requirements for information from accounting

Sunk costs, opportunity costs and operative decisions

The effects of using full-cost information

Determining the optimal product mix

Price setter vs. price taker

Lower price limits for negotiations and tenders

Long-term pricing decisions

Deep dive: Opportunity costs in medical treatments

More on outsourcing and offshoring

What do I learn in the other courses of the Specialization?

The decision making process for operative decisions

Opportunity and sunk costs

Choosing the optimal product mix

Basics of pricing decisions

Pricing decisions

Product-mix decision at Bryan's Bakery

## Important Dates

May 25, 2024
Course Commencement Date

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