Know Your Cost: Double Your Profit 26-27
4.00 Credits
Member Price $329
Non-Member Price $439
Overview
Companies with poor cost information make bad decisions about products that are not “average.- Poor information causes companies to overprice easy, high-volume “gravy” products and underprice difficult, low-volume “dog” products. Regardless of whether your company sells goods or services, learn how to double your profit by giving the dogs to your competitor and keep the gravy for yourself.
Highlights
• Why traditional approaches are inadequate • How superior cost information can double your profit • Make Activity Based Costing spreadsheet easy • Recognize joint and by-products • Add throughput costing to your toolbox • Depreciation • Interest and the cost of capital
Prerequisites
none
Designed For
Accountants, Controllers, Financial Leaders and CFOs
Objectives
• Understand Real Costs • Accurately Assign Costs
Preparation
Participants should have at least six months of industry or public experience and a thorough knowledge of financial accounting principles and practices. Management experience will be helpful.
Leader(s):
Leader Bios
Don Minges, CPA Crossings Webinars
Don Minges, MBA, is a fractional CFO who worked in diverse industries at various development stages. He has experience in profitability enhancement, strategic planning, venture capital, mergers & acquisitions, consulting, turnarounds, economic forecasting, cost accounting and financial analysis. Don has experience raising equity for several growing firms and has invested equity capital into promising businesses. He has served on the Board of Directors for many firms. He graduated with highest honors from the Fuqua School of Business at Duke.
Non-Member Price $439
Member Price $329