Making Effective Decisions When You Can't Get What You Want

Overview

Even if managers have incomplete information or constraints, they still must make choices. This session provides advice for navigating rocky decision-making terrain encountered by managers who must make choices despite imperfect information and/or constrained resources. We explore ways to leverage available information to make effective decisions when seemingly critical details cannot be obtained. We also illustrate managerial accounting techniques for optimizing profitability when inputs or resources are constrained by supply chain disruptions or other limitations.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

This course is being offered by a learning partner and will not be accessible on your My CPE page. Access information will be emailed directly to you by CPA Crossings.

Highlights

The major topics that will be covered in this course include:

Decision-making fundamentals
Cost-volume-profit refresher
Optimization analysis
Constraint mitigation strategies
Coping with incomplete information
Solver and other Excel capabilities
Qualitative considerations

Prerequisites

Basic working knowledge of managerial accounting.

Designed For

Accountants and other business professionals who make management decisions.

Objectives

After attending this presentation, you will be able to...

Analyze decisions using relevant factors
Recall fundamental cost-volume-profit techniques
Determine plans that optimize profitability when a constraint exists
Formulate strategies for reducing the impact of constraints
Apply techniques to derive conclusions when complete information is unavailable
Utilize Excel capabilities to support analysis
Identify qualitative factors that may influence production decisions