Course OverviewAnalyzing Cost Data for Management - Part 4 is the final part of a four-part series. The series Analyzing Cost Data for Management covers the managerial use of accounting, financial, and operating data for planning, control, and decision making. The series is designed for managers and entrepreneurs who need hand-on knowledge and tools in processing, developing, and analyzing financial, cost, and business data for managerial use.
The course series uses the multidisciplinary approach to the subject, looking at the topic from many different angles such as finance, economics, marketing, information systems, quantitative methods, and the like. The incorporation of information technology into virtually every subject covered in this series is heavily emphasized. Furthermore, the course uses the solved problems approach, with emphasis on the practical application of managerial accounting concepts, tools, and methodology. The course participant is provided with definitions and explanations that are understandable, a variety of examples illustrating the concepts and techniques that are concise, ample problems and detailed suggested solutions, and computer software demonstration and printouts.
Analyzing Cost Data for Management - Part 4 begins by examining the concepts of relevant costs and contribution margin; the course continues by looking at the long-term investment and capital budgeting decision-making process, and how income taxes make a difference in many investment decisions.
Learning Objectives:
Upon successful completion of this segment, you should be able to:
- Identify the costs that are relevant for a particular decision.
- Recognize several concepts involved with the time value of money.
- Identify the types and special features of several capital budgeting techniques.
- Calculate internal rate of return.
- Recognize how income tax factors affect investment decisions.
Prerequisites/Advanced Preparation:
Basic Math and Accounting
Speaker / Author:
Steve Spafford, MBA, CPA, has over 20 years’ experience as a CPA working with large public accounting firms, and in numerous executive roles at multinational public corporations. He is a member of DeltaCPE LLC, a leading publisher of continuing professional education courses for CPAs, and has edited CPA ethics courses provided to over 35 states.