Course ID: KYC

Know Your Cost: Double Your Profit


Companies with poor cost information make bad decisions about products that are not “average”. Poor information causes companies to overprice easy, high-volume “gravy” products and underprice difficult, low-volume “dog” products. Regardless of whether your company sells goods or services, learn how to double your profit by giving the dogs to your competitor and keep the gravy for yourself.


LEARNING OBJECTIVES
  • Learn how good design can improve both financial and management accounting. Learn costing methods that will lead to better management decisions about products. Learn when various costing methods are appropriate.

MAJOR TOPICS
  • Understand Real Cost – Why traditional approaches are inadequate – How superior cost information can double your profit – Make Activity Based Costing spreadsheet-easy – Accurately understand overhead costs – Recognize joint & by-products – Add throughput costing to your toolbox
  • Accurately Assign Costs – Product development and launch costs – Occupancy costs – Information technology costs – Administrative costs – Selling costs – Excess capacity costs – Interest and the cost of capital Cases and Group Discussion: This seminar includes six exercises to facilitate group discussion.

DESIGNED FOR
Cost Accountants, Controllers, and CFOs.

PREREQUISITES
This seminar is intended for degreed accountants who already have some cost accounting education and experience.

COURSE PRODUCER
Executive Education, Inc.

CPE CREDITS
8.0

LEVEL
Intermediate

This course is available to be scheduled as:

Group Live
 

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