This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.

Technical

Financial Decision Making Logo cgma

  Kaplan Publishing Limited |   $263.20 - 419.00 |   CPE: 26.0 |   AICPA |   Aug 2015 |   Business Mgmt. & Organization |   AICPA Store
Who Will Benefit?
  • Management accountants wanting to develop skills in financial performance management
  • CGMA exam candidates
Topics Discussed:
  • Introduction to breakeven analysis
  • Introduction to relevant costs and revenues
  • Linear programming and decision making: minimal contractual requirements
  • Transfer pricing
  • The time value of money
  • Decision trees and multi-stage decision problems
Learning Objectives

When you complete this course, you will be able to:

  • Apply breakeven analysis in multiple product contexts
  • Apply cost analysis techniques to calculate relevant costs
  • Apply elements of linear programming to short term pricing and product decisions
  • Calculate transfer prices and profitability when transfer pricing is implemented
  • Recognize the financial consequences of dealing with long-run projects, in particular the importance of accounting for the “time value of money”
  • Identify decision makers’ attitudes to risk and effect on decision making

This CPE course is included in the 60+ hours of Financial Performance Management Program.

Financial Decision Making includes nine CPE courses that cover breakeven analysis, relevant costs and decision making, linear programming, transfer pricing, investment appraisal techniques, pricing strategy, risk and uncertainty in decision making, and risk management.

Breakeven Analysis Includes details regarding breakeven analysis, more formally known as Cost-Volume-Profit Analysis, and includes multiple illustrations.

Relevant Cost and Decision Making Explores relevant costs and revenues, including characteristics of relevant costs, non-relevant costs, opportunity cost, as well as incremental revenue.

Linear Programming Includes a step-by-step technique which requires the translation of a decision problem into a system of variables, equations and inequalities.

Transfer Pricing Examines transfer pricing, including setting a transfer price for inter-divisional transactions.

Investment Appraisal Techniques I Explores the time value of money and expands on the three main reasons for it: consumption preferences, impact of inflation, and risk.

Investment Appraisal Techniques II Explores dealing with risk in investment appraisal decisions and provides in-depth information on how to deal with this type of risk.

Pricing Strategy Explores alternative strategies that an organization may adopt in the pricing of its products or services. 

Risk and Uncertainty in Decision Making Identifies how risk and uncertainty can be built into the decision making process.

Risk Management Explores what risk is, why a business would incur risk, and it describes the risk management cycle as well as identifying and categorizing risks.

Topics covered:
  • Management accounting: Technical: Cost accounting & management: Cost accounting, Foundational
  • Management accounting: Technical: Business planning: Planning, forecasting & budgeting, Foundational
  • Management accounting: Technical: Management reporting & analysis: Financial analysis, Foundational
  • Management accounting: Technical: Risk management & internal control: Risk identification & assessment, Foundational

Comments/Reflections