Introduction to
Business Decisions
Hello it's Dave again. For those of you that took my free So you want to learn Bookkeeping! Introductory Tutorial or any of my other bookkeeping tutorials we've already met. For those who haven't, I'm a graduate of the University of Tennessee (Go Vols) and a Bean Counter (accountant) with over 30 years of experience.
What qualifies me to attempt this task ? I guess you can tell it's not my fancy dress code or good looks. I have over 30 years experience in business and even taught at a small business college for a couple of years. My method of passing on knowledge is to make the subject easy to understand and to use simple examples and terminology to illustrate the concepts being presented. If you're anything like me I learn a lot easier when I can see an example of what we're talking about. Tell me and show me too.
Don't let the cartoons fool ya! This tutorial is all business; but, it doesn't hurt to have a few laughs and smiles included.
Who is this Course for ?
This bookkeeping tutorial and course is geared to business owners and managers who want or need to learn how to make business decisions and the tools available to help. This is only an introduction into the complex world of business decision making.and its purpose is to only provide you with a foundation. This course is a little bit tougher than some of my other courses.
Prior Knowledge
A basic knowledge of bookkeeping and accounting. If you do need to brush up, I recommend my Beginning Bookkeeping, Financial Accounting Basics, Financial Statement Analysis, and Cost Accounting Basics tutorials.
What’s Included ?
- Bookkeeping Lessons by Topic, Videos to review key concepts, and Quizzes and Tests to test your understanding of Decision Making
- AI Questions & Answers Section where you can get your accounting and bookkeeping questions answered.
- Spreadsheets that you can download to aid you in your decision making
- Textbooks for those that want to dive deeper into learning about making business decisions
Cartoons are used to add a bit of humor to your Learning Experience. Who says that Learning Can't Be Fun ? Not Me !
What’s Covered ?
Sections:
- Decision Making Section defines and discusses business decisions the types and the decision making process.
- Decision Toolbox Section discusses and explains the tools available to managers and owners to aid them in making their business decisions.
- Routine Decisions Section discusses and explains routine decisions and provides example problems.
- Non-Routine Decisions Section discusses and explains non-routine decisions and provides example problems.
- Review Section provides topics review videos, final exams, and practice problems.
- Appendix provides an AI Question-Answer section, free textbooks for those that want dive deeper into the world of business decision making, and my free spreadsheets that you can download.
Learning Objectives
After completing this course, you should know or be able to perform the following:
After completing this course, you should know or be able to perform the following:
- Understand what business decisions are.
- Understand or be familiar with the terms used in analyzing business decisions.
- Steps used to help arrive at good decisions.
- Tools used and how to use them to aid in your decision making.
Note: This is just an introduction into the world of decision making and I recommend that owners facing these types of decisions seek professional advice especially the long term decisions.
Navigation
The Main Vertical Menu on the Left Side Of The Page contains the Sections / Lessons for Each Lesson.
In some cases, you may need to Scroll Down the Page to select the Lesson / Section.
The Categories Sub-Menu on the Right Side Of The Page contains the Lessons for the Category Selected.
How Long ?
You should plan on spending approximately an hour on each lesson.
How To Use The Course
You can first View and Read The Lessons / Sections and then Watch the Videos
or
You can first Watch the Videos and then View and Read The Lessons / Sections
Videos
Videos are included in some Lessons and Sections, and also listed in the Review Section.
Quizzes and Sample Problems
Quizzes and sample problems are included in the Sections to test your understanding of the topics covered.
AI Questions & Answers
Free Spreadsheets
Spreadsheets to aid in making business decisions available to download.
Free Textbooks
Textbooks are available for those wanting to pursue their learning further.
Acknowlegements
I didn't try to reinvent the wheel ! In addition to my own material, when I ran across some additional excellent material I adopted it and expanded it where I felt necessary.
Creative Commons Materials were used in this tutorial (see below).
- Accounting for Managers (v. 1.0) is licensed under a Creative Commons by-nc-sa 3.0 license.
See the license for more details, but that basically means you can use share and modify this book as long as you give credit, don't make money from it, and do make it available to everyone else under the same terms. Normally, the author and publisher would be credited here. However, the publisher has asked for the customary Creative Commons attribution to the original publisher, authors, title, and book URL to be removed.
- Principles of Accounting Volume 2: Managerial Accounting
OpenStax provides free, peer-reviewed, openly licensed textbooks for introductory college and Advanced Placement® courses and low-cost, personalized courseware that helps students learn. A nonprofit ed tech initiative based at Rice University, we’re committed to helping students access the tools they need to complete their courses and meet their educational goals.
Senior Contributing Authors
Mitchell Franklin, LE Moyne College (Financial Accounting)
Patty Graybeal, University of Michigan-Dearborn (Managerial Accounting)
DIixon Cooper, Ouachita BAaptist University
- Accounting and Accountability University Of Technology Sydney
Copyright © by Amanda White; Mitchell Franklin; Patty Graybeal; Dixon Cooper; and CDU Business Schooland and Terry Wickey
Publication is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
These books are available in the Appendix to download.
- A thanks to Professor Alldredge for his Creative Commons Videos that were used to explain and clarify some concepts.
That being said this tutorial is free for educational purposes.
Other References and Attributions
Accounting terms obtained by AI (Artificial Intelligence) including definitions and discussions. In many cases the content was modified and used in this tutorial.
Additional Acknowledgements
Cartoons on this site provided by Ron Leishman. All Toon images are copyright © . No images may be resold or redistributed without prior written permission from Ron Leishman. If you enjoyed them, get some of your own Toon-A-Day.
Disclaimer
The information provided on this site is not intended to provide or be a substitute for specific individualized accounting, tax, legal, business, or investment planning advice. Where specific advice is necessary or appropriate, Bean Counter recommends consultation with a qualified tax advisor, CPA, Financial Planner or Investment Manager. The information provided herein is for general informational purposes only and should not be considered an individualized recommendation, personalized investment advice or an endorsement by Bean Counter. The information presented is obtained from what are considered reliable sources; however, its accuracy, completeness or reliability cannot be guaranteed and therefore should not be relied upon as such. Bean Counter accepts no liability for any direct or consequential loss arising from any use of this information.
Bean Counter and their affiliated parties make no representation regarding sites that you might access from this site and are not liable for any damages that you incur from their use.