Know Your Cost: Double Your Profit 26-27

Overview

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.

Highlights

• 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

Prerequisites

none

Designed For

Accountants, Controllers, Financial Leaders and CFOs

Objectives

• Understand Real Costs
• Accurately Assign Costs

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.

Notice

This course is offered by a 3rd party vendor. Login instructions will not be accessible in the My CPE Tracker section of the ISCPA website. Login instructions will be emailed directly to you by California Education Foundation (CalCPA).