Management Accounting for Decision Making

This program is about cost analysis methods used for short- and medium-term decision-making. It includes issues related to risk and uncertainty, as well as behavioral considerations in decision making.

Learning objectives

Research and use data from a range of sources to make decisions.
Make decisions based on facts, common sense and previous experience.
Explain the reasoning behind decisions made.
Assess and lead decisions in high-risk situations.
Understand who are the key stakeholders and their behavioral traits.

Additional information

Target audience

CFOs, finance business partners, financial managers, financial analysts, management accountants.
Non-financial managers across all functions and business units.

Timing and delivery

Training date (2 workshops): 23-24.10.2026 (2 days, 09:00am-2:30pm Warsaw time)

Duration: 2 days - from 9:00 to 14:30 CET

Format: Open training, LIVE/Online

Language: English

We also offer this course in a closed form, tailored to the needs of a given client.

Training program

The training program below is a sample and can be modified to meet the unique business needs of the organization.

Decision making process	Decision criteria: profit-based versus value-based. Data collection for decision making purposes.
Cost concepts used for decision making	Fixed and variable costs. Relevant and non-relevant costs. Avoidable and unavoidable costs. Opportunity costs. Calculation of relevant costs: materials, labour, equipment.
The main types of decisions made by organisations	Minimum pricing (maximum discount) decisions. Accept or reject an order decisions. Shutdown decisions: deleting a segment or temporary closure. Limiting factor decisions. Make or buy (outsource) decisions. Joint products and further processing decisions.
Dealing with risk and uncertainty in decision making	Expected values. Standard deviations. Decision trees. Real options. Maximax, maximin and minimax regret rules.
Heuristic decision making	Cognitive errors. Emotional biases.

Organisational information

Price: 475 EUR + VAT
Date: 23-24.10.2026
Duration: 2 days, 09:00am-2:30pm Warsaw time

Format: Open training, LIVE/Online
Language: English

Kapcsolat

Katalin Szilágyi

PwC's Academy leader, PwC Hungary

E-mail

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