Cost and Pricing Models: Boost Your Bottom Line
2.00 Credits
Member Price $109
Non-Member Price $139
Overview
If sales increase, so should profits. Yet, the opposite result often leaves executive’s scratching their heads. When organizations work with inferior cost information, they make mistakes in four specific situations. Bad information causes sellers to overprice easy, high-volume work and under-price difficult, low-volume work.
This session discusses how to use activity-based costing to build accurate costing models that consider far more than just the labor and materials necessary to provide goods and services.
Highlights
- Cost Accounting
- Activity-based Costing
Prerequisites
Cost accounting coursework helpful
Designed For
Professionals attempting to improve profitability
Objectives
- Is your information good enough?
- How a “back of the envelope” analysis may improve your profitability
- Why knowing product launch and step-variable costs is critical
- See what other organizations have done in real life
- Learn to give the “dogs” to your competitors and keep the “gravy” for yourself
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