Description

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.

Target Audience

Accountants, Controllers, Financial Leaders and CFOs

Course Objectives

• Understand Real Costs • Accurately Assign Costs

Subjects

• Why traditional approaches are inadequate • How superior cost information can double your profit • Make Activity Based Costing spreadsheet easy • Recognize joint and by-products • Add throughput costing to your toolbox • Depreciation • Interest and the cost of capital

Advanced Preparation

Participants should have at least six months of industry or public experience and a thorough knowledge of financial accounting principles and practices. Management experience will be helpful.