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

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 seminars I've ever been to — excellent!
— Raleigh, NC

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Topics Discussed Include:

Costing Perspectives

  • Why traditional approaches are inadequate
  • Make Activity Based Costing spreadsheet easy
  • Accurately understand activity costs
  • Recognize joint & by-products
  • Add throughput costing to your toolbox

Accurately Assign Overhead Cost

  • Product development and launch costs
  • Occupancy costs
  • Information technology costs
  • Administrative costs
  • Selling costs
  • Excess capacity costs
  • Interest and the cost of capital

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

Cases and Class Discussion

This seminar includes six exercises to facilitate group discussion.

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View all of Craig Carrel's Plastics Pipeline Interviews with John L. Daly

Additional Information

Target Audience: Cost Accountants, Controllers & CFOs

Level of Knowledge: Advanced

CPE Credit: 8 hours group live

Area of Study: 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.