[Free] Decision Making Techniques |Pricing|Costing|Acca|Cima|F5|
Study with award winning and rank holder faculties. – Free Course
What you’ll learn
- CVP Analysis – Calculations
- CVP Analysis – Graphs
- Decision Trees and Value of Information
- Elasticity of Demand, Demand Equation and MR MC Approach
- EV, Maximax, Maximin and Minimax Regret – Risk and Uncertainty
- Factors Affecting Price and Demand
- Further Processing & Shutdown Decisions
- Limiting Factor Analysis and Outsourcing
- Pricing Strategies
- Production Planning with Limiting Factor
- Relevant Costing
Requirements
- No
Description
In this course, we will be talking about:
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Basics of cost, volume, profit and sales and different formulas to calculate production volume for break even, target profit, etc.
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Understanding and plotting cost, profit, sales on graphs based on production volume and identifying break even, margin of safety, etc
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Solving production problems with limiting factor through linear equations and graphical approaches.
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How different factors affect price and demand.
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Sensitivity of relationship between price and demand, using the demand equation and MR MC approach to calculate profit maximization level of output.
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Different pricing strategies and their application.
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Understanding characteristics of relevant costs and how to calculate relevant cost of material and labour.
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Quantitative analysis of further processing decisions and shutdown decisions.
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Different decision rules for different risk appetites under different conditions.
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Decision trees, rollback analysis and how to calculate value of perfect and imperfect information.
