Advanced Cost Accounting: Eliminate Calculation Distortions
2.00 Credits
Member Price $109
Non-Member Price $139
Overview
Organizations that use primitive costing methods make predictable mistakes, allocating too much cost to easy, high-volume "gravy" products and too little cost to difficult, low-volume "dog" jobs, putting an organization with inferior information at a significant competitive disadvantage. The secret to being the “smart competitor” is learning how to deal with overhead.
This session will show you how to assign 16 key overhead categories. Whether you work in a wholesale, retail, healthcare, service or manufacturing business, you will find this session invaluable. Get your cost right, and you will be able to give the "dogs" to your competitors and keep the "gravy" for yourself.
Highlights
- Cost Accounting
Prerequisites
Previous cost accounting coursework
Designed For
Financial professionals attempting to improve profitability
Objectives
- Why all products have a mixture of fixed, variable and step variable costs
- How cost can be very volume-sensitive
- Insights into assigning 16 overhead cost categories
Preparation
None
Leader(s):
Leader Bios
John Daly, Executive Education, Inc.
John L. Daly, MBA, CPA, CMA, CPIM, is a Chelsea, Michigan-based management consultant specializing in costing, pricing strategy and pricing model development. He has taught continuing professional education courses since 1995. Earlier in his career, John was Chief Financial Officer for a Tier 1 automotive parts supplier, CFO for a large restaurant chain and COO for a window treatments manufacturer and retailing chain. He is the author of Pricing for Profitability, published by Wiley & Sons, Inc.
Non-Member Price $139
Member Price $109