Advanced Cost Accounting: Eliminate Calculation Distortions
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.
Delivery Method: Individual webcast
CPE Credit: Accounting
Program Level: Advanced
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, CPA Crossings, LLC
John Daly, CPA, MBA, CMA, CPIM, has been a professional speaker since 1995. He seeks to make every session lively, informative and fun using a combination of case discussion, lecture and peer-to-peer interaction. John has presented in 46 states and five provinces on topics that include accounting, finance, management, software and ethics. He began presenting ethics two weeks before the Enron scandal broke. John has been CFO for a tier one automotive parts supplier and a large restaurant chain and COO for a window treatments manufacturer and retailer. He is the author of Pricing for Profitability, published by Wiley & Sons, as well as numerous professional articles.
Non-Member Price $109.00
Member Price $79.00