[Executive Education, Inc. - Seminars for Corporate Financial Managers & Management Advisory Services]

Full Day Seminar

Advanced Management Accounting

Contemporary Cost Concepts

According to a survey by Ernst & Young and the IMA, 98% of senior level financial executives think that their company’s costs exhibit distortions, and 39% say the distortions are significant. Traditional management accounting methods provide woefully inaccurate cost information for any product that is not “average”.

This seminar shows how to understand real product costs and why the company with the best management accountant wins.

Participant Feedback

Instructor had excellent examples! This course has broad applicability to many sizes and types of businesses. — Seattle, WA

Topics Discussed Include:

Costing Perspectives

  • Why traditional approaches are inadequate
  • Grenzplankostenrechnung (GPK)
  • Activity-based Costing (ABC)
  • Joint & by-product costing
  • Throughput costing

Understanding Overhead Cost Behavior

  • Occupancy costs
  • Information technology costs
  • Administrative costs
  • Selling costs
  • Product development and launch costs
  • Interest and cost of capital
  • Opportunity costs

Discussion and examples will include service, manufacturing, retail and wholesale businesses.

Cases and Class Discussion

This seminar includes six exercises to facilitate group discussion.

Additional Information

Target Audience: Cost Accountants, Controllers & CFOs.

Level of Knowledge: Advanced

CPE Credit: 8 hours group live

Area of Study:
      Traditional: A&A
      NASBA: Accounting

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

Advanced Preparation: Bring a calculator

Author: John L. Daly

Acronym: AMA

Scheduling: Schedule after Pricing for Profitability to make a 2-day series.