Assume your product costs $2.86. What does this tell you about your operations? How much money was spent on capacity and resources? How effectively were they used? How much output was there? Say there is a 3¢ negative variance. Does the $2.86 tell you what to change operationally?
A lack of alignment between accounting and operations leads to gaps in information and understanding. This leads to suboptimal decision making. This course introduces the Business Domain Management framework as a tool to create alignment and improve the ability of accounting and operations to communicate, share data, and work together to create solutions that improve the 3Cs; cash, costs, and capacity management.
“As a CPA with over 30 years of accounting experience, I certainly had to swallow my pride as I read this book. Dr Lee provides compelling evidence that you cannot rely on accounting information alone to make cash decisions.”
—Michael Hales Chief Financial Officer, Northern Kentucky University
NOTE: This course is available as an 8-hour workshop with hands-on breakout activities to help reinforce the ideas and tools introduced in the class.