Know Your Cost: Double Your Profit

504  |  Course  |  Intermediate  |  Scheduled

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.

A Live Stream version of this event is available here.

Credits

Number of Credits Type of Credits
8.00 Accounting

Designed For

Cost Accountants, Controllers, Financial Leaders and CFOs

Prerequisites

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.

Objectives

Understand Real Costs

  • Why traditional approaches are inadequate
  • How superior cost information can double your profit
  • Make Activity Based Costing spreadsheet easy
  • Accurately understand overhead costs
  • Recognize joint and by-products
  • Add throughput costing to your toolbox Accurately Assign Costs
  • Product development and launch costs
  • Depreciation
  • Occupancy costs
  • Supervisory costs
  • Information technology costs
  • Administrative costs
  • Selling costs
  • Excess capacity costs
  • Interest and the cost of capital

Prices

Member (Early Bird)
$299.00
Non-Member (Early Bird)
$399.00
Member
$349.00
Non-Member
$449.00
Your Price: $399.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations. Early Bird rates will be applied to all registrations made prior to December 1, 2022.

Members log in and save $100.00 on this event. Not a member? join today.

Instructors

John L. Daly, MBA, CPA, CMA, CPIM

John L. Daly, MBA, CPA, CMA, CPIM, has been a professional speaker since 1995. He seeks to make every session lively, informative and fun using a combination of case discussion, lecture and peer-to-peer interaction. John has presented in 46 states and 5 provinces on topics that include Accounting, Finance, Management, Software and Ethics. He began presenting ethics two weeks before the Enron scandal broke. John has been CFO for a Tier 1 automotive parts supplier and a large restaurant chain and COO for a window treatments manufacturer and retailer. He is the author of Pricing for Profitability, published by Wiley & Sons, as well as numerous professional articles.

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