Managerial Accounting: Cost Benefit Analysis (PAYO)
Estimated Time: 2.5 hours
$49.00
Earn 15 Points for Completing
UPDATED 2024: If you’ve ever had to decide between eating at two different restaurants, you’ve conducted a cost benefit analysis. Essentially, the process asks which option will offer the best outcome for the least price, and this type of decision making is essential to business operations. With this short course on the subject, you will join the accounting employees at Central Products to learn how to conduct effective cost benefit analyses. Course Type: Business Simulation. Worth 3 RCHs (PAYO).
Credits
3 RCHs
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Learning Objectives
- Understand the differences between financial and managerial accounting
- Become familiar with the cost volume profit model
- Learn the extent of limitations in cost benefit analysis
- Better understand the allocation process and standard accounting systems
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