Full Day Seminar
Advanced Management Accounting
Contemporary Cost Concepts
Poor quality cost information creates poor quality management decisions. A survey by Ernst & Young and the IMA reveals 98% of senior level financial executives think their company’s costs are distorted and 39% say the distortions are significant. Traditional costing methods are woefully inaccurate 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
One of the best presentations I have attended! — Phoeniz, AZ
Topics Discussed Include:
Costing Perspectives
- Why traditional approaches are inadequate
- Understand the power of metrics
- Make ABC spreadsheet easy
- Recognize need for joint & by-product costing
- Add throughput costing to your toolbox
Accurately Assign Overhead Cost
- Occupancy costs
- Information technology costs
- Administrative costs
- Selling costs
- Product development and launch costs
- Interest and the 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.
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