Explain the role of accounting information in strategic management. Explain what information is relevant for decision making. Discuss how business risk affect management decision making. Analyze how managers make higher-quality decisions.

Week 2: Interactive activity
2.1 Learning Outcomes:
Explain the role of accounting information in strategic management.
Explain what information is relevant for decision making.
Discuss how business risk affect management decision making.
Analyze how managers make higher-quality decisions.

2.2 Action Required:
Watch the short video in the following link:
Understanding Cost Accounting

2.3 Test your Knowledge (Question):
Discuss the concept of cost accounting.
How do managers make higher-quality decisions? Discuss with suitable examples.

2.4 Instructions:
Answer the above questions to test your knowledge.
Post your answer on the discussion board using the discussion link below

Week 3: Interactive activity
3.1 Learning Outcomes:

Compare and contrast different ways to describe cost behavior
Describe the process used to estimate future costs
Discuss how cost estimates are used in decision making
3.2 Action Required:
Watch the short video in the following link:

Introduction to Cost Behavior_ Variable, Fixed and Mixed Cost – YouTube

3.3 Test your Knowledge (Question):
Define the term “cost behavior.” Discuss the various ways to describe cost behavior.

3.4 Instructions:
Answer the above question to test your knowledge.
Post your answer on the discussion board using the discussion link below

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