Know Your Cost: Double Your Profit (in collaboration with FICPA)
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.
This course will be hosted in partnership with the Florida Institute of CPAs
Presenter:
Major Topics
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
Provider
Maryland Association of CPAs
Course Level
Intermediate
Professional Area of Focus
Accounting & Auditing
Accounting and Auditing
CPE Field of Study
Accounting
8
Who Should Attend
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.
