Description

Explore how a well-designed cost accounting system can empower manufacturing leaders to make smarter, data-driven decisions. Unpack key costing concepts, common pitfalls and the strategic importance of aligning cost pools with operational drivers. Learn how to interpret costing data effectively, avoid costly missteps and leverage insights to enhance pricing, efficiency and overall profitability. Whether you're refining an existing system or building one from scratch, this webinar offers practical guidance to strengthen your financial outcomes.

Course Objectives

• Understand the foundational principles of cost accounting and its role in internal decision-making for manufacturing organizations.
• Identify common misconceptions and mistakes in costing calculations that can lead to poor business decisions.
• Learn how to align cost pools with operational drivers to improve accuracy and relevance of costing data.
• Explore the impact of capacity utilization and efficiency on cost structures and profitability.
• Gain practical insights into using cost accounting to support pricing strategies, monitor production and drive overall financial performance.
   

Who Should Attend?

CPAs and financial professionals who work or have clients in manufacturing.

Subjects

• Principles of cost accounting as it relates to manufacturing
• Common mistakes and misconceptions
• Impact of capacity utilization and efficiency on cost structures and profitability

Prerequisites

Basic understanding of the manufacturing industry.