Decision-making, Pricing Decisions And Cost Management

HRODC Postgraduate Training Institute
In Central London (England), Abu Dhabi, United Arab Emirates (United Arab Emirates), Abuja, Nigeria (Nigeria) and 47 other venues

Higher than Rs 100000

Important information


Suitable for: This course is designed for: Chartered Accountants, Certified Accountants, Licensed Accountants, Cost Accountants, Management Accountants, Organisational Decision-makers, Inventory Managers, Quality Managers, pricing Specialists, balanced Scorecard Specialists, Etc.

Important information

Requirements: Degree or Work Experience


Where and when

Starts Location
Abu Dhabi, United Arab Emirates
Khalifa Street, 44486, Abu Dhabi, United Arab Emirates
See map
Abuja, Nigeria
Cadastral Zone A0, Central Business District, Abuja, 7069, Nigeria, Nigeria
Addis Ababa, Ethiopia
Kirkos Subcity Kebele, 21555, Ethiopia, Ethiopia
See map
Algiers, Algeria
Pins Maritimes, 16000, Algeria, Algeria
See map
Algiers, Algeria
Rue Hassiba Benbouali, 16015, Algeria, Algeria
See map
Amman, Jordan
Bin Ali Street, 11118, Jordan, Jordan
See map
See all (50)

What you'll learn on the course

Decision Making
IT Management
Cost Management
Pricing Decisions

Course programme

Course Contents, Concepts and Issues

Decision Making and Other Relevant Information

  • Decision Models
  • Five-Step Decision-Making Process
  • Relevance
  • Relevant Cost Illustration
  • Features of Relevant Information
  • Sunk Costs Are Irrelevant in Decision Making
  • A Starting Point: Absorption-Based Budgeted Income Statement
  • Types of Information
  • Terminology
  • Types of Decisions
  • One-Time-Only Special Orders
  • Special Order Illustration
  • Make-or-Buy Illustration
  • Potential Problems with Relevant-Cost Analysis
  • Avoiding Potential Problems with Relevant-Cost Analysis
  • Insourcing vs. Outsourcing
  • Qualitative Factors
  • Opportunity Costs
  • Product-Mix Decisions
  • Adding or Dropping Customers
  • Customer Profitability Analysis, Illustrated
  • Adding or Discontinuing Branches or Segments
  • Adding/Closing Offices or Segments
  • Equipment-Replacement Decisions
  • Behavioural Implications

Pricing Decision and Cost Management

  • Pricing and Business
  • Influences on Demand and Supply
  • Time Horizons and Pricing
  • Differences Affecting Pricing: Long Run vs. Short Run
  • Alternative Long-Run Pricing Approaches
  • ABC Manufacturing Cost Illustration
  • Product Profitability Using ABC Costing: Illustration
  • Markets and Pricing
  • Market-Based Approach
  • Understanding the Market Environment
  • Five Steps in Developing Target Prices and Target Costs
  • Value Engineering
  • Value Engineering Terminology
  • Cost Incurrence and Locked-In Costs Graph
  • Problems with Value Engineering and Target Costing
  • Target Costing Illustration
  • Cost-Based (Cost-Plus) Pricing
  • Forms of Cost-Plus Pricing
  • Common Business Practice
  • Life-Cycle Product Budgeting and Costing
  • Important Considerations for Life-Cycle Budgeting
  • Life Cycle Budgeting, Illustrated
  • Other Important Considerations in Pricing Decisions
  • The Legal Dimension of Price Setting

Additional information

Decision-making, Pricing Decisions And Cost Management - Leading to Diploma-postgraduate, Progressing to Postgraduate Diploma, Accumulating to Ma, Mba, Msc, Incorporating, Absorption-based Budgeted Income Statement, Customer Profitability Analysis, Value Engineering, Life Cycle Product Budgeting And Costing (london)