ABFM: Concepts and Practice · Part B: Advanced Financial Management

Chapter 13: Decision making

The numbers behind everyday choices: break-even, relevant costs for make-or-buy and special orders, and activity-based costing.

Buyers of the e-book, or of the print copy, which includes it, read the whole chapter. Everyone can read the free sample, pages 1 to 24 of the e-book.

In this chapter

• 13.1Cost-volume-profit analysisp. 171
• 13.2Break-even: uses and limitsp. 172
• 13.3Relevant costsp. 173
• 13.4Activity-based costingp. 174
• 13.5Ethics and non-financial factorsp. 175
• Exam traps and quick checksp. 176
• Practice: 16 questions in three roundsp. 177
• Answers, with every wrong option explainedp. 179
• Make it stickp. 181
• Chapter 13 on one pagep. 182

Corrections and updates

None for this chapter so far. Every correction to the book, and any rule that changes after its date, is listed on the errata page.