Review a typical agenda for our Cost Accounting Short Course
Develop a consistent and firm foundation to cost accounting concepts.
Our 8-hour, two day cost accounting on-site seminar is designed as an intensive refresher course for those who implement, maintain or are otherwise involved in the use of your cost accounting system. This would include business managers who rely upon the output of your cost system. It covers fundamental and advanced concepts in cost and will be aligned to your particular operating environment.
Many cost accounting systems have become dated and are no longer properly tuned to contribute their full potential to the profitability of your organization. When properly implemented, your cost system is a vital component to the acheivement of sustained profitability. Cost is not a one dimensional tool used only for inventory reporting; it is a vital componenet in process control, budgetary management, pricing. It is also a critical input for strategic market decisions. This course will show your people how to achieve the full benefits that your cost system can provide.
Benefits
You have already made the software investment in your cost system. Now, it is time to manage it to achieve its fullest potential. Cost accounting has operating benefits beyond inventory valuation for P&L purposes and plays a vital role in process control, budgetary management and pricing. Your firm will see immediate benefits including:
- Improved cash profitability
- Identify and achieve transparency into underperforming processes
- Understand the significance of standards and how they should be set
- Measure results against budget with greater accuracy
- Achieve a "culture of variance" perspective to drive performance improvement
- Understand the importance of capacity and how it impacts cost and system design
- Manage the tensions between process monitoring, budgetary control and profit & loss reporting
- Provide management reporting to make sound pricing decisions
- Provide management reporting to encourage desired behavior and discourage undesired behavior
For more insight into how a new approach to cost accounting can help you, read our white paper: Cost System Tuning In Today's Economy.
Fees
Up to 8 attendees: $9,850 per site.
Contact us to schedule a training session for your organization.
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