Decision Making Techniques |Pricing|Costing|ACCA|CIMA|F5|
Decision Making Techniques |Pricing|Costing|ACCA|CIMA|F5|, Study with award winning and rank holder faculties.
Course Description
In this course, we will be talking about:
- Basics of cost, volume, profit and sales and different formulas to calculate production volume for break even, target profit, etc.
- Understanding and plotting cost, profit, sales on graphs based on production volume and identifying break even, margin of safety, etc
- Solving production problems with limiting factor through linear equations and graphical approaches.
- How different factors affect price and demand.
- Sensitivity of relationship between price and demand, using the demand equation and MR MC approach to calculate profit maximization level of output.
- Different pricing strategies and their application.
- Understanding characteristics of relevant costs and how to calculate relevant cost of material and labour.
- Quantitative analysis of further processing decisions and shutdown decisions.
- Different decision rules for different risk appetites under different conditions.
- Decision trees, rollback analysis and how to calculate value of perfect and imperfect information.
Free
