This basic-level online tutorial covers the decision-making process that businesses go through and the costs associated with those decisions, including decisions related to replacing equipment and assets, whether to produce items internally or outsource the production, processing special or non-routine orders, and determining whether to sell an item or process it further.
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Upon completion of this course, you will be able to:
Distinguish between relevant and irrelevant costs in decisions
Identify factors in determining whether to keep or replace old equipment
Identify factors in determining whether a product line or other organizational segment should be dropped or retained
Identify factors that impact decisions to produce items internally or outsource the production
Identify factors in determining whether a special order should be accepted
Estimated Course Duration: 54 minutes (1 CPE) Note: In order to earn CPE credit, you must complete the training module within one year of enrollment and score 70% or above on the Final Exam.
Delivery Method: Online Self-Study
Field of Study: Accounting
Program Level: Basic
Advance Preparation/Prerequisites: Introduction to Inventory Control Methods; Module1: Cost Terms, Concepts and Classifications; Module 2: Job Order Costing; Module 3: Cost-Volume-Profit and Activity-Based Costing; Module 4: Activity-Based Costing and Standard Costing; Module 5: Flexible Budgets and Overhead Analysis
Protiviti is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: nasbaregistry.org.