Benefits and Added Value

Various management levels in the organization face different situations in which they need to choose among various often conflicting alternatives. With today's increasing need for timely information and decisions, there is no doubt that such decision should be based on relevant information to guide the decision making process. Cost information is also useful in pricing decisions. This module aims at introducing the various cost concepts and measures that guide these decisions, and emphasizes the art and science of successful pricing, update with the latest tools and techniques to help participants meet today's pricing challenges.

Structure

This program will be conducted over five sessions, five hours per session, i.e. 25 hours. It will cover the following topics and issues:

• Analysis of cost information.
• Choosing relevant costs for decision making
• Cost – volume – profit analysis.
• How to use cost information in making rational decisions?
• Different alternatives and their effect on cost:
• Multiple changes in profit plans
• Make or buy decisions
• Product mix analysis and product line performance
• Sales mix analysis
• Pricing of Special orders
• Market based Pricing approaches.
• Cost based pricing approaches.

Target Participants

This program is targeting the current senior executives in production and finance departments in different industries, in order to engage them in a brainstorming experience about A Contemporary use of Cost Accounting Information in Decision Making

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