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
