Effective Decision-Making

2 Credits: Personal Development


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Effective Decision-Making

Course Level
CPE Credits

2 Credits: Personal Development

Course Description

The ability to make high-quality decisions defines the great manager. How are some people able to consistently make the right calls while others fail to do so? In Effective Decision-Making, we delve into the decision-making process flow, with a particular emphasis on sorting through the various alternatives to find the optimal outcome. Other topics covered include decision-making efficiency and consistency.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify how sunk costs impact decision-making.
  • Specify the techniques used to explore decision options.
  • Identify how to prevent decisions from being re-opened.
  • Recall how to get people to support a decision.
  • Identify the circumstances under which the quality of data is most critical to a decision.
  • Recall the signs of groupthink.
  • Specify the role of the devil’s advocate in decision-making.
  • Specify when a delay can improve decision-making.
  • Specify the methods to improve decision-making under time pressure.
  • Recognize the situations in which real options can be applied to decision-making.
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Course Specifics

Course ID
Revision Date
February 28, 2024

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …