This is from the "Accounting Makes Cents" podcast episode #72 released on Monday, 26 August 2024. Today’s episode is not necessarily CIMA-centric, but it is a term we should be familiar with if you’ve ever studied the relevant costing, which is a concept used in decision-making, focusing only on the costs and revenues that will … Continue reading Cutting Your Losses: The Sunk Cost Fallacy
Tag: opportunity costs
Relevant Costs
My printer at home conked out on me the other day. Working at home has its perk but this...was definitely not one of them. So while I dragged my feet about deciding whether it is worthwhile to go out and buy a new printer, a light bulb lit up and my accountant head was suddenly … Continue reading Relevant Costs
MJ THE TUTOR 