Management Accounting for Decision Making

This program is about cost analysis methods used for short- and medium-term decision-making. It includes issues related to risk and uncertainty, as well as behavioral considerations in decision making.

Learning objectives

  • Research and use data from a range of sources to make decisions.
  • Make decisions based on facts, common sense and previous experience.
  • Explain the reasoning behind decisions made.
  • Assess and lead decisions in high-risk situations.
  • Understand who are the key stakeholders and their behavioral traits.

 

Additional information

Target audience

  • CFOs, finance business partners, financial managers, financial analysts, management accountants.
  • Non-financial managers across all functions and business units.

Timing and delivery

Training date (2 workshops):  29 January & 5 February  2025 

Duration: 8 hours - from 9:00 to 13:15 CET
(including one 15-minute break)

Format: Open training, LIVE/Online

Language: English

We also offer this course in a closed form, tailored to the needs of a given client.

Training program

The training program below is a sample and can be modified to meet the unique business needs of the organization.


Decision making
process
 
  • Decision criteria: profit-based versus value-based.
  • Data collection for decision making purposes.

 


Cost concepts
used for 
decision making

  • Fixed and variable costs.
  • Relevant and non-relevant costs.
  • Avoidable and unavoidable costs.
  • Opportunity costs.
  • Calculation of relevant costs: materials, labour, equipment.

 


The main types of
decisions made by organisations 

  • Minimum pricing (maximum discount) decisions.
  • Accept or reject an order decisions.
  • Shutdown decisions: deleting a segment or temporary closure.
  • Limiting factor decisions.
  • Make or buy (outsource) decisions.
  • Joint products and further processing decisions.

 


Dealing with risk
and uncertainty in decision making

  •  Expected values.
  • Standard deviations.
  • Decision trees.
  • Real options.
  • Maximax, maximin and minimax regret rules.

Heuristic decision
 making
  • Cognitive errors.
  • Emotional biases.

Organisational information

Price

370 EUR + VAT

Date

29 January & 5 February 2025 (2 workshops)

Duration

8 hours - from 9 a.m to 1:15 p.m CET (including one 15-minute break)

Format

Open training, LIVE/Online

Language

English

Follow us

Required fields are marked with an asterisk(*)

By submitting your email address, you acknowledge that you have read the Privacy Statement and that you consent to our processing data in accordance with the Privacy Statement (including international transfers). If you change your mind at any time about wishing to receive the information from us, you can send us an email message using the Contact Us page.

Contact us

Slaven Kartelo

Slaven Kartelo

Partner, PwC's Academy, PwC Croatia

Ana Jergovic

Ana Jergovic

PwC’s Academy Manager, PwC Croatia

Hide