Description

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.

Instructor: Dr. Christopher J. Harper, CPA, MBA

Target Audience

Accountants and other business professionals who make management decisions.

Course Objectives

After attending this presentation, you will be able to...Analyze decisions using relevant factorsRecall fundamental cost-volume-profit techniquesDetermine plans that optimize profitability when a constraint existsFormulate strategies for reducing the impact of constraintsApply techniques to derive conclusions when complete information is unavailableUtilize Excel capabilities to support analysisIdentify qualitative factors that may influence production decisions

Subjects

The major topics that will be covered in this course include:Decision-making fundamentalsCost-volume-profit refresherOptimization analysisConstraint mitigation strategiesCoping with incomplete informationSolver and other Excel capabilitiesQualitative considerations

Prerequisites

Basic working knowledge of managerial accounting.