Review a typical agenda for our Cost Sytem Tuning and Implementation course
Learn how to tune your cost accounting systems to improve profitability.
Our 14 hour, three day, on-site seminar is designed to integrate with your unique business strategies, systems and processes to apply the latest techniques in cost accounting and profit management.
Achieving full profit potential in challenging economic conditions requires maximum utilization of your existing people, systems and processes. Your cost accounting system is one of the most important tools to accomplish this. To unlock this potential, it must be effectively managed and tuned to meet your strategic and operational goals. This course will train your people on the most recent best practices in cost and how to apply these techniques to your operations for profit advantage.
Benefits
Cost accounting has broad applications and wide impact including cost-to-produce, cost-to-serve, pricing and P&L significance. Your firm will see immediate benefits, including:
- Improved cash profitability
- Identify and achieve transparency into underperforming processes
- Prevent margin erosion by eliminating false discounting
- Measure results against budget with greater accuracy
- Understand the importance of capacity and how it impacts cost and system design
- Incorporate activity-based costing to your standard costing system
- Learn to manage cost-to-serve to improve the profitability of the customer relationship
- Gain insight into the drivers of profitability at the intersection of the customer, channel and product
- Manage the tensions between process monitoring, budgetary control and profit & loss reporting (inventory valuation)
- 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: $12,500 per site.
Contact us to schedule a training session for your organization.
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