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Know Your Costs: Double Your Profit (3522)
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Bad cost analysis leads to bad decision making. Companies that use traditional cost accounting to support pricing decisions typically lose money on some products while giving away profitable sales to their smarter competitors. While traditional cost accounting does an adequate job of costing average products, traditional techniques can be disastrously inaccurate for any product that is not "average". In this session, John L. Daly will explain why using activity-based costing in your pricing

8/28/2015
When: 08/28/2015
7:00 AM - 9:00 AM
Where: Webcast/Webinar
Presenter: John L. Daly, MBA, CPA, CMA, CPIM
Contact: April Deneault
801-834-6634

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Bad cost analysis leads to bad decision making. Companies that use traditional cost accounting to support pricing decisions typically lose money on some products while giving away profitable sales to their smarter competitors. While traditional cost accounting does an adequate job of costing average products, traditional techniques can be disastrously inaccurate for any product that is not  "average". In this session, John L. Daly will explain why using activity-based costing in your pricing process can double your company's profit.

Objectives:

Understand how accurate costing information can double your profit.

 

Major Subjects:

How good cost information can double your profit

 Why similar products may have very dissimilar costs

 Why arbitrary overhead allocation methods can be off by a mile

 How to accurately assign overhead costs

 How a cost flow diagram works

 How to give the "dogs" to your competitors and keep the "gravy" for yourself

   

 

Designed For:

Corporate Financial Managers

Prerequisite: 

None

Advanced Prep:

None

  

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

Vendor: Executive Education, Inc.

Field of Study:  Accounting

Level: Intermediate

CPE Credit:    2 Hours

Acronym:  EKYCD1

 

Registration Fees:

$ 79

  

Register here


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