Course ID: SCCA

Supercharging Cost Accounting

Supercharging an engine involves adding components on to the engine that make the engine much more powerful. Similarly, Supercharging Cost Accounting focuses on tools that will help you gain significant value from cost accounting and related information, regardless of what cost accounting approach or technique you use. The course begins describing the limitations of cost accounting, why they exist, and what tools, based on the concept of business domain management, you can add to improve the performance and value of cost accounting in your organization.


Learning Objectives

  • Understand the limitations of cost accounting. For instance, the values do not represent cash, they can be influenced by subjective and arbitrary treatments of data, and they vary based on how they’re calculated.
  • Recognize the importance of a company-wide framework to align and improve cash, cost, and capacity management
  • Discover how this framework adds significant value in understanding costs, how they’re calculated, and levers in operations that, when pulled, improve cash, costs, and profit
  • Understand how improving profit can destroy cash and vice versa
  • Align accounting with operations and enhance the value of the relationship between the two groups

Major Topics

  • Introduce ways to improve the understanding and usefulness of cost accounting information
  • Discuss the importance of managing capacity as a way to improve corporate cash performance
  • Understand the fallibility of many sacred cows such as product costs are money, reducing costs saves money, increased profit means increased money, and increasing efficiency reduces costs

Who Should Attend

CPAs, CFOs, Controllers, COOs, VP Ops, Director Ops


Fields of Study

Business Management & Organization

Prerequisites

Study or training in cost accounting


Provider

Business Learning Institute

CPE Credits

2.0

Level

Intermediate

This course is available for your group as:

 

Let's Roll!

To learn more or customize this course for your group, complete this form and a BLI team member will get back with you shortly.


Or, contact BLI: 888-481-3500 or learn@blionline.org
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