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: relevant costs
Decisions, Decisions: the Opportunity Cost Conundrum
This is from the "Accounting Makes Cents" podcast episode #59 released on Monday, 26 February 2024. In today’s episode, we’re going to revisit relevant costs, and talk about one in particular. This is opportunity cost. Anyway, just to give a background as to the inspiration of this episode: https://open.spotify.com/episode/7c05YP4AMgJepR52r5S6cA?si=LRBzbKH7QuOr35DIYioKdQ Jump to show notes. Inspiration I … Continue reading Decisions, Decisions: the Opportunity Cost Conundrum
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
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