Management Decision Making
Make financial decisions based on management reports
Type
Functional
Competency Area
Business Management
Levels
Compile data for management accounting purposes
Apply breakeven analysis
Identify relevant cash flows and their use in short-term decision- making
Identify opptions for decision making
Review management information for presentation to the organisation's management team
Analyse information for decision-making including consideration of tax, inflation and other factors
Identify and integrate non-financial factors in long term decisions
Ensure accuracy of application rules, norms and guidlines
Evaluate management reports for decision-making
Explain marginal and full cost recovery as bases for pricing decisions in the short and long term
Identify and explain relevant costs and revenues in decision making and their relation to accounting concepts
Analyse product mix decisions to identify optimal solutions
Drive management decision- making based on financial information
Articulate the financial consequences of dealing with long-run projects in particular importance of time value of money
Evaluate investment appraisal techniques and explain their results
Discuss pricing strategies and their consequences