Podcasts about cost accounting

In this episode of Growing Your Firm, host David Cristello welcomes Alyssa J. Dillon, a fellow entrepreneur who shares her inspiring journey of starting her own business.  The conversation kicks off with Alyssa recounting the pivotal moment when she decided to quit her job and explore the possibility of working for herself after receiving a side accounting request.  As they dive deeper, Alyssa and David discuss the essential elements of building a successful firm, including the importance of marketing and sales processes.  Listeners can expect insights into quickly gaining traction, making strategic pivots, and offering advisory services, all while sharing in the excitement of the entrepreneurial roller coaster. Tune in for an engaging and informative ride!

Today of this Tuesday Edition of the Black Tech Building Episode. I'm going to be discussing the truth about whole cost from a technologist standpoint. This time with Full Cost Accounting. Later, discussing Tech News Recorded 12/17/2024

In the fourth episode of Cherry Bekaert's Cost Accounting Standards (CAS) podcast series, Brendan Halloran, a Director in Cherry Bekaert's Government Contracting Industry practice, is joined by Jeff Annessa, a Senior Manager in the Firm's Government Contracting practice. Bringing extensive knowledge and experience in the government contracting space, Brendan and Jeff discuss cost impacts, as well as the differences between General Dollar Magnitude (GDM) and Detailed Cost Impacts (DCI).Brendan was previously a Divisional Administrative Contracting Officer (DACO) at the Defense Contract Management Agency (DCMA) and Jeff has spent over 13 years with the Defense Contract Audit Agency (DCAA), while also holding positions such as quality manager, supervisory auditor and field audit office manager.Tune in to find out more about:What cost impacts are When cost impact proposals are necessaryDifferent types of cost impact proposalsA detailed overview of GDM and DCICost Impact Materiality How to position the cost impactCherry Bekaert's team of government contracting consultants have significant CAS experience and can help your growing government contracting business navigate CAS. If you have any questions specific to your situation, our consultants are available to discuss your situation with you. Contact us today.If you haven't already, catch up on other parts of the series :Cost Accounting Systems Series: Part 1 – A Comprehensive OverviewCost Accounting Systems Series: Part 2 – Considerations for Growing a GovConCost Accounting Systems Series: Part 3 – Implications When Acquiring CompaniesRelated GuidanceWebinar Recording: Cost Accounting Standards (CAS): Part 1 – CAS Coverage Types, Common Standards, and CAS ApplicabilityWebinar Recording: Cost Accounting Standards (CAS): Part 2 – Cost Accounting Changes and ImpactView all Government Contracting Podcasts

Episode 212 FACULTY: Reza Hooda, FCA CLASS: #Shoperations In this podcast episode, Scotty interviews Reza Hooda, FCA, founder of Capture Accounting and mentor at The Profitable Accountants Community. They dive deep into innovative accounting practices, focusing on results over timesheets. Reza shares his journey from implementing traditional timesheets to focusing on value pricing and the principles of a results-only work environment. They discuss the evolution of his practice, the importance of positioning in the marketplace, and the future potential of a new pricing and proposal software. Reza also offers actionable advice on managing change, increasing efficiency, and leveraging marketing and sales strategies to scale an accounting firm. Shout Outs: Ed Mendlowitz, Ron Baker, Mark Wickersham, Jody Thompson, Kali Resler, Karen Rayburn, Simon Sinek, James Ashford, GoProposal, Ignition, Notion, Excel, Loom, Sage

Sikorsky Aircraft and the Defense Department have been arguing in court for the past 17 years, over the company's compliance with cost-accounting standards. One reason it has been running so long is the government keeps asserting violations but takes no action. For more on the importance of this case, Federal Drive Host Tom Temin spoke with Haynes Boone procurement attorney Zach Prince. Learn more about your ad choices. Visit megaphone.fm/adchoices

Sikorsky Aircraft and the Defense Department have been arguing in court for the past 17 years, over the company's compliance with cost-accounting standards. One reason it has been running so long is the government keeps asserting violations but takes no action. For more on the importance of this case, Federal Drive Host Tom Temin spoke with Haynes Boone procurement attorney Zach Prince. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

In this episode, Stuart and Mena dive into the powerful world of cost accounting, unveiling strategies to gain deep insights into your business's profitability at the product or service level. They break down the essentials of cost accounting, sharing practical tips on how to accurately measure and analyse the true costs associated with each offering.Key topics covered include identifying and tracking all direct costs, as well as effectively allocating overhead expenses. Stuart and Mena provide guidance on setting up your accounting system, leveraging general ledger codes and tracking mechanisms to capture the necessary data. They also explore additional reporting tools like Fathom, which can enhance your ability to dissect profitability metrics across different segments of your business.Whether you're a seasoned entrepreneur or just starting out, this episode equips you with the knowledge and techniques to make informed decisions based on a comprehensive understanding of your cost structures. By mastering cost accounting principles, you can pinpoint areas for optimisation, streamline operations, and ultimately drive increased profitability. Don't miss this opportunity to unlock the power of data-driven cost analysis for your business.If this episode resonated with you, please leave a rating on your favourite podcast platform. It helps us reach more incredible listeners like you. Thank you for being a part of the journey! Click here to subscribe to our weekly email. SPECIAL OFFER: Buy a one of Stuart's books for ONLY $20 including delivery. Use the discount code blog here. Work with Mean & Stuart's team: At ProSolution Private Clients we encourage clients to adopt a holistic and evidence-based approach when making financial decisions. Visit our website. Follow us: Stuart: Twitter/X and LinkedIn. Mena: LinkedInIMPORTANT: This podcast provides general information about finance, taxes, and credit. This means that the content does not consider your specific objectives, financial situation, or needs. It is crucial for you to assess whether the information is suitable for your circumstances before taking any actions based on it. If you find yourself uncertain about the relevance or your specific needs, it is advisable to seek advice from a licensed and trustworthy professional.

Welcome to the first foundation hour episode of 2024 and season 3 of the podcast! Robyn and I are back with a cost accounting basics rundown for your business and why its so important to know your numbers! We spend a large chunk of this episode talking about Job Costing and Process Costing and why we think theses are the most important concepts within cost accounting that you can understand for small businesses. So tune in and ask some questions about your numbers and how you can better understand your own businesses. Thanks for listening and as always please like share and subscribe to the show!Support the showwww.businesslifeofhusbandandwife.ca

In the third episode of Cherry Bekaert's Cost Accounting Standards (CAS) podcast series, Brendan Halloran, a Director with Cherry Bekaert Advisory, is joined by Jeffery Annessa, a Senior Manager in Cherry Bekaert's Government Contractor Industry practice, to discuss CAS implications during mergers and acquisitions. Cherry Bekaert's government contracting consulting team has years of CAS experience and can help you navigate CAS compliance issues or disclosure statement development.This episode highlights key topics to help guide your business forward, including:Scenarios and implications to CAS when:A CAS-covered company acquires a company that is non-CAS coveredA non-CAS covered company acquires a company with CAS coverageThe two most common approaches on how to treat the company you are acquiring, specifically:A legal entity dissolved and integrated fullyA legal entity being maintained as a wholly owned subsidiaryUnderstanding CAS structure as it relates to the companySteps to consider when merging with or acquiring a companyCommon areas that do not constitute a cost accounting practice changeImpacts and considerations when the acquired company is CAS coveredAreas a CAS-covered company should focus their attention on when acquiring, including:Transitional accounting periodIndirect rate structureSimilarity of laborAllocationsRestructuring costPitfalls to avoidAreas a non-CAS covered company should focus their attention on when acquiring, such as:Analysis of the CAS-covered contracts to understand period of performance, numbers and money magnitudeAdditional exposureCompliance requirementsIf you haven't already, catch up on part one and two of the series:Cost Accounting Systems Series: Part 1 – An OverviewCost Accounting Systems Series: Part 2 – Growing a GovCon Related GuidanceWebinar Recording: Cost Accounting Standards (CAS): Part 1 – CAS Coverage Types, Common Standards, and CAS ApplicabilityWebinar Recording: Cost Accounting Standards (CAS): Part 2 – Cost Accounting Changes and ImpactView all Government Contracting PodcastsView all Government Contracting Podcasts

In this episode, Jason Crawford, Agustin Orozco, and Erin Rankin look back at one of the more noteworthy settlements of 2023—the $377M settlement by Booz Allen Hamilton to resolve allegations arising out of the company's purported non-compliance with Cost Accounting Standards. "Let's Talk FCA" is Crowell & Moring's podcast covering the latest developments with the False Claims Act.

Retail accounting provides a snapshot of real-time profit margins, but it may lead to an overstatement of profits since the practice is based on retail pricing. With fluctuations in selling prices, is cost-based accounting really a better measure of performance for the retail industry? Join Robin, Shelley and Paula Rosenblum, co-founder and managing partner of RSR Research, as they discuss why many companies are looking toward moving to cost-based accounting away from a practice that is centuries old. They debate how retail-based accounting, the industry standard, can be a dangerous practice and why should retailers be thinking differently.  For more strategic insights and compelling content, visit TheRobinReport.com, where you can read, watch, and listen to content from Robin Lewis and other retail industry experts, and be sure to follow us on LinkedIn and Twitter.

Most contractors want better cost information about their jobs. They need it timely, they need it accurate, and they need it relevant to managing their jobs properly. Unfortunately, many contractors struggle in this area. How do you get it set up right so that you get what you need? We're sharing our tips on this week's episode.Topics we cover in this episode include:The main categories to consider in a job cost accounting systemThe benefits of job costing for your businessCommon headaches with setting up job costing and how to address themHow job cost accounting helps you get bondsCommon misconceptions about job costingLINKSVisit the episode page at https://carpentercpas.com/jobcostaccounting for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs FIND US ONLINEWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | SuretyAnswers.com

Most contractors want better cost information about their jobs. They need it timely, they need it accurate, and they need it relevant to managing their jobs properly. Unfortunately, many contractors struggle in this area. How do you get it set up right so that you get what you need? We're sharing our tips on this week's episode.Topics we cover in this episode include:The main categories to consider in a job cost accounting systemThe benefits of job costing for your businessCommon headaches with setting up job costing and how to address themHow job cost accounting helps you get bondsCommon misconceptions about job costingLINKSVisit the episode page at https://carpentercpas.com/jobcostaccounting for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/CarpenterCPAs FIND US ONLINEWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | SuretyAnswers.com

In the second episode of Cherry Bekaert's Cost Accounting Standards (CAS) podcast series, Eric Poppe, a Managing Director in Cherry Bekaert's Government Contracting Industry practice, is joined by Jeff Annessa, a Senior Manager in the Firm's GovCon practice who spent 13+ years with DCAA and held various positions such as Quality Manager, Supervisory Auditor, Field Audit Office Manager, and Artan Ivezaj, a manager in Cherry Bekaert's GovCon practice with 15 years of experience at the DCAA, to discuss CAS considerations for a growing GovCon. Listen to this the episode to find out more about:When a company should start thinking about CASThe difference between full and modified CAS coverageExplanation of the fundamental requirements of CAS 401 and 402CAS 401: Consistency in Estimating, Accumulating, and Reporting CostsCAS 402: Consistency in Allocating Costs Incurred for the Same PurposeThe commonality of Federal Acquisition Regulation (FAR) Cost Principles, Approved Accounting System, and CASBeing aware of CAS 405 and 406CAS 405: Approved accounting system requires the system to ensure unallowable costs are reviewed and removed from government billingsCAS 406: Cost Accounting PeriodImportant notes about CAS Coverage and the applicability towards subcontractsDisclosure Agreement as it pertains to CASCherry Bekaert's team of government contracting consultants have significant CAS experience and can help your growing government contracting business navigate CAS. If you have any questions specific to your situation, our GovCon consultants are available to discuss your situation with you. Contact us.If you haven't already, catch up on Part 1 of the series:Cost Accounting Systems Series: Part 1 – An OverviewRelated GuidanceWebinar Recording: Cost Accounting Standards (CAS): Part 1 – CAS Coverage Types, Common Standards, and CAS ApplicabilityWebinar Recording: Cost Accounting Standards (CAS): Part 2 – Cost Accounting Changes and ImpactView all Government Contracting Podcasts

Cost Accounting Standards (CAS) are 19 standards and rules promulgated by 41 U.S.C. 422. These standards impact emerging small and large businesses alike. They are designed to achieve uniformity and consistency in cost accounting practices and to improve the accuracy of cost data by ensuring its basis on consistent definitions and principles.  Ultimately, the Federal government wants a reliable basis for cost comparison and decision making. This allows them to be able to compare proposals from contractor to contractor and from a single contractor year-over-year.In this new Cherry Bekaert GovCon Podcast CAS series, Eric Poppe, a Managing Director in Cherry Bekaert's Government Contracting Industry practice, is joined by Jeff Annessa, a Senior Manager in the Firm's GovCon practice who spent 13+ years with DCAA holding positions such as Quality Manager, Supervisory Auditor and Field Audit Office Manager, to give an overview of CAS. Listen to find out:An overview of CASThe differences between the Federal Acquisition Regulation (FAR) and CASWhat the standards consist of, including the four main categories When CAS comes into consideration as it pertains to government contractingWhen CAS would apply to a contract and if there are certain dollar thresholdsThe current exemptions, differences in full and modified CAS coverage and applicationOverview of the disclosure statement requirementWhy contractors should consider completing a disclosure statement prior to being CAS- covered Who is responsible in administering CAS and making the required determinations and findings The benefits of abiding by CASPitfalls and compliance considerations for changes in accounting practices, M&A activity and budgeting/forecasting Cherry Bekaert's Government Contractor Industry practice has significant  CAS experience and can help you navigate CAS compliance issues or disclosure statement development. Contact us to discuss your situation.Don't forget to keep an eye out for the remainder of our GovCon podcast CAS series, where our hosts will go into more detail on the specifics of the individual CAS standards, general requirements, cost accounting changes and the disclosure statement. View all Government Contracting Podcasts

Ronald J. Baker is the founder of VeraSage Institute, a reformed CPA and cost accountant who has changed his mind on the value of timesheets and cost accounting. His quest is to bury the billable hour and timesheets.    He is also a radio talk-show Host, The Soul of Enterprise: Business in the Knowledge Economy heard on www.voiceamerica.com.  In this episode, Ron let us know why he changed his mind when it comes to the use of timesheets when setting up pricing. Hear his reasoning about why you should also get rid of timesheets. He offers profound insights, as well as examples and explanations, into how certain pricing value and cost models are appropriate for particular industries.    Why you have to check out today's podcast: Learn why many companies in accounting and the automobile industry are switching to subscription pricing Discover how timesheets cause leaders to focus on the wrong metrics, especially in pricing and value setting No timesheets? Is it possible?    “Even if you're a solo entrepreneur, have somebody else help you with pricing because it will put a spine in you and you won't give yourself away.” – Ronald J. Baker   Topics Covered:  02:44 – Talking about four defenses for timesheets in relation to Pricing  04:41 – Taking into consideration the Cost of Goods Sold in setting the price  07:22 – Difference between a metric and measurement type of cost allocations  09:09 – Opportunity Cost and Sunk Cost  10:39 – Is time really considered in setting up pricing?  14:31 – Project management as a way of making better decisions in the future  15:47 – The best advantage of niching your expertise on  18:31 – The start of subscription pricing in the accounting world  21:30 – Insurance classified as subscription pricing  24:08 – What's the best thing about hiring an accounting firm rather than accounting staff for your business  27:48 – His thoughts on cars leaning towards a subscription model  29:50 – Ron's pricing advice   Key Takeaways:  “Keep in mind that I don't need to see timesheets to know your firm's costs. I need to know, I need to see your GL, your income statement and I need to know what your labor and all of that is. I'd much rather track revenue per person or labor cost per person, profit per person in a professional firm because that's a true measurement.” – Ron Baker  “Even if they're just starting out as a sole solo. Don't have any employees. I still think they can put a price on things consistent with their opportunity cost and what they want, willingness to accept and function fine, and this is an integral part of this, as long as they step back after the job is completed and do an after-action review and learn from it.” – Ron Baker   “If you're niched, if you specialize, it's much easier to know what something's going to take once you build up some experience.” – Ron Baker  “A subscription model is a way to lock customers in for life. So in value pricing to Oh you're pricing, not the customer. And this is the subtle difference, but bear with me, you're pricing the relationship and you're pricing the portfolio because you're looking at it as a portfolio rather than a project or just a customer. You're actually looking at the entire portfolio.” – Ron Baker  “We're too busy. I think we confuse being busy with being effective and being profitable. And I'll see a correlation there.” – Ron Baker    People/Resources Mentioned:  Bain & Company: https://www.bain.com/ McKinsey and Company: https://www.mckinsey.com/ Porsche: https://en.wikipedia.org/wiki/Porsche Canvas + Fair: https://drivecanvas.com/ Ed Kless: https://www.linkedin.com/in/edkless TSOE Episode #200: Interview with Reginald Lee: https://www.thesoulofenterprise.com/tsoe/lee2 Lies, Damned Lies, and Cost Accounting: https://www.amazon.com/Lies-Damned-Cost-Accounting-Management/dp/163157065X   Connect With Ron Baker:  VeraSage Institute: https://verasage.com/ LinkedIn: https://www.linkedin.com/in/ronbaker1 Twitter: https://twitter.com/RonaldBaker Email: ron@verasage.com  The Soul of Enterprise: https://www.thesoulofenterprise.com/   Connect with Mark Stiving: Email: mark@impactpricing.com    LinkedIn: https://www.linkedin.com/in/stiving/

00:00 Intro 00:40 How Do You Know What Product to Build? 02:30 Mass Market Products 04:30 Product Market Fit vs Product for Everyone 08:24 Testing Market Fit 10:58 3x3 Tool for Vision 14:22 Visualization Enhances Discovery and Delivery Feedback Loop 15:40 Cost Accounting is Killing Agile Transformations 17:00 Analysis Mindset to Feedback Mindset 18:22 Live in the WHY State 19:47 Optimizing Your Work Environment for Delivery 21:12 Operational Agility First then Move into Strategic Agility 23:23 Know the Cost of Your Team 27:13 Make the Hidden Visible 29:17 Wrap Up 30:25 Outro Successful Independent Consulting: Relationships That Focus on Mutual Benefit - https://www.amazon.com/gp/product/B0C4MMZY4J/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 Johanna Rothman website - https://www.jrothman.com/ ---------------------------------------------------------------- Connect with us at the following places: Wisconsin Agility Training: https://wisconsinagility.com/training Advising: https://wisconsinagility.com/advising Merch: https://wisconsinagility.com/merch Jeff Bubolz Jeff Bubolz LinkedIn: https://www.linkedin.com/in/jeffbubolz/ Jeff Bubolz Twitter: https://twitter.com/JeffBubolz Chad Beier Chad Beier LinkedIn: https://www.linkedin.com/in/chadbeier/ Agile Songs YouTube: https://www.youtube.com/@agilesongs Agile Songs Shorts: https://www.youtube.com/@agilesongs/shorts Agile Songs Twitter: https://twitter.com/AgileSongs The Agile Wire Web: https://theagilewire.com Spotify: https://open.spotify.com/show/0YKEHJtcJXZ55ohsUOvklI Apple Podcasts: https://podcasts.apple.com/us/podcast/the-agile-wire/id1455057621 Agile Wire Clips: https://www.youtube.com/playlist?list=PLLl0ryedF7y7HWTsbur4ysdpUcY7tniSG Agile Wire Twitter: https://twitter.com/AgileWire Make sure you subscribe to the channel! #Scrum #Agile #ProfessionalScrum #Kanban #BusinessAgility

In this Concepts Edition episode Uriel and Devin discuss the issues of cost accounting, TOC, bottlenecks, and weather to build custom solutions in house. Other topics discussed include - Production issues- Problem solving and R&D- Keeping money in the organization Please follow us on Instagram and share your improvements and tag us.www.instagram.com/incrementalci In this podcast we discuss concepts from Lean Manufacturing, the Toyota Production System, and general business management to improve our businesses. Thanks for listening! Please drop us a note with any and all feedback! If you have parts you need machined, reach out to Devin@lichenprecision.com and follow on Instagram www.instagram.com/lichen_mfg If you need CNCed Buckles, check out www.austeremfg.com and follow at on Instagram www.instagram.com/austere_manufacturingCI has a

For this episode of Carbon& we're joined by Patrick Holden of the Sustainable Food Trust, and Jenn Yates of the True Cost Accounting Accelerator to provide an overview of True Cost Accounting and its relevance to the food industry. We cover the basics of True Cost Accounting, how it applies to the food industry, and why it's becoming increasingly important in today's rapidly changing CPG landscape. This episode features Jenn Yates, Director at TCA Accelerator, and Patrick Holden, Founding Director at Sustainable Food Trust. This episode is moderated by Leah Wolfe, Head of Regenerative Education & Content at HowGood. HowGood is a SaaS data platform with the world's largest product sustainability database. To learn more about how we can help leading brands, retailers and restaurants improve their environmental and social impact, visit our website.

Tutte le aziende, in qualche modo, hanno bisogno di conoscere i costi, di mettere in luce eventuali punti di inefficienza o sprechi all'interno dei processi.Tutte le aziende, in qualche modo, tentano di farlo.La differenza nei risultati la fa il metodo, ma fortunatamente non c'è bisogno di inventarsi nulla di nuovo: il Cost accounting è una disciplina che ci aiuta proprio in questo e che non è, come spesso si pensa, appannaggio esclusivo delle grandi realtà aziendali.Un buon sistema di cost accounting e di reporting è un ottimo investimento anche per aziende molto piccole, che spesso si ripaga in pochissimo tempo perché è in grado di mettere subito a nudo sacche di inefficienza e di spreco.Il nostro ospite di oggi è Simone Verza, Formatore, Consulente e Coach freelance specializzato in controllo di gestione e reporting. Con lui parleremo appunto di cost accounting, cercando di calare la sua esperienza all'interno delle PMI, che talvolta hanno un approccio superficiale a questa disciplina e non riescono a intravedere appieno i benefici che può portare.Ecco cosa aspettarti da questa puntata:Funzioni principali del cost accounting all'interno di un'azienda produttiva;Metodi di cost accounting più comuni;Errori tipici e aree di miglioramento;Caratteristiche di un buon sistema di reporting;Controller: cosa fa e quanto è indispensabile?Numeri chiari, amicizia lungaQuante volte nel prendere una decisione avresti bisogno di conoscere i costi, ma ti ritrovi sempre con dei dati mancanti, o non chiari, o magari ci vuole troppo tempo a reperire le informazioni?Un buon metodo di cost accounting e reporting serve proprio ad avere a disposizione i dati che servono, con efficacia e tempestività.Un processo ben strutturatoCon Simone Verza in questa puntata cercheremo di raccontare come si imposta un processo di cost accounting ben strutturato, con la speranza di ispirare chi non lo ha ancora implementato e di aiutare a migliorare tutti gli altri.Dopo l'ascolto, crea più valoreConosci qualcuno a cui può interessare questa puntata, oppure pensi che possa essere utile alla tua rete di contatti?Se pensi che ti abbia dato valore, condividila: in questo modo aiuterai loro e contribuirai alla crescita di questo progetto. (se scegli la via dei social non dimenticarti di taggarmi, così potrò ringraziarti di persona!)Contatta lo speakerHike Up Conversations è anche un modo per fare rete. Se vuoi metterti in contatto con Simone Verza, il nostro speaker di oggi, lo trovi qui:Profilo LinkedIn: https://www.linkedin.com/in/simoneverza/Sito web: simoneverza.itPodcast: Controllo di gestione e dintorniIl controller rispondeYoutube Linkedinsimoneverza.it - il controller risponde International Business Standard of CommunicationNon perderti i prossimi episodiPer non perdere i prossimi episodi e per ricevere le risorse e gli spunti che condivido con il mio network, iscriviti ad Hike Up Insights, la newsletter di Hike Up Consulting al seguente link: https://www.hikeupconsulting.com/form-iscrizione-directOppure seguimi su LinkedIn: https://www.linkedin.com/in/raffaelecontino/

A dispute between the Defense Department and old-line contractor Raytheon shows how tricky the rules are for cost accounting. In one recent case, Raytheon prevailed at the Armed Services Board of Contract Appeals. Then Raytheon lost when the government appealed to the Federal Circuit Court. For the details, Federal Drive host Tom Temin spoke with Daniel Ramish, Smith Pachter McWhorter procurement attorney. Learn more about your ad choices. Visit megaphone.fm/adchoices

A dispute between the Defense Department and old-line contractor Raytheon shows how tricky the rules are for cost accounting. In one recent case, Raytheon prevailed at the Armed Services Board of Contract Appeals. Then Raytheon lost when the government appealed to the Federal Circuit Court. For the details, Federal Drive host Tom Temin spoke with Daniel Ramish, Smith Pachter McWhorter procurement attorney. Learn more about your ad choices. Visit podcastchoices.com/adchoicesSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Moderated by Bonnie Mann Falk, Quality Control Partner in Berdon, the part of this Conference includes experts in corporate cost and quality management. They include Ahava Goldman, Associate Director of AICPA, Jeff Rapaglia, Partner of FORVIS and member of ASB, and Wendy Stevens, Partner in Mazars USA and Board Member of IAASB.

Moderated by Bonnie Mann Falk, Quality Control Partner in Berdon, the part of this Conference includes experts in corporate cost and quality management. They include Ahava Goldman, Associate Director of AICPA, Jeff Rapaglia, Partner of FORVIS and member of ASB, and Wendy Stevens, Partner in Mazars USA and Board Member of IAASB.

Ed and Ron welcome back Dr. Reginald Lee for the 6th time! Join us for a free-wheeling discussion on a variety of topics.

Ed and Ron welcome back Dr. Reginald Lee for the 6th time! Join us for a free-wheeling discussion on a variety of topics.

Ed and Ron welcome back Dr. Reginald Lee for the 6th time! Join us for a free-wheeling discussion on a variety of topics.

Scripture: Luke 17:5-10 The Seventeenth Sunday after Pentecost

After our recent episode on the Theory of Constraints, we're diving into a related topic: throughput accounting. Listen to find out how this method of accounting can support better decision-making and more profitability in your business. Topics we cover in this episode include:How business decisions may look different using throughput accountingTraditional job costing vs. throughput accountingHow to implement throughput accounting practicesHow throughput accounting and Profit First could have helped contractors make better decisions during the recessionWhy you need a traditional accounting system with job costing to do throughput accountingLINKSVisit the episode page at https://contractorsuccessforum.com/throughput for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forumFIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.com

After our recent episode on the Theory of Constraints, we're diving into a related topic: throughput accounting. Listen to find out how this method of accounting can support better decision-making and more profitability in your business. Topics we cover in this episode include:How business decisions may look different using throughput accountingTraditional job costing vs. throughput accountingHow to implement throughput accounting practicesHow throughput accounting and Profit First could have helped contractors make better decisions during the recessionWhy you need a traditional accounting system with job costing to do throughput accountingLINKSVisit the episode page at https://contractorsuccessforum.com/throughput for more details and a transcript of the show.Find all episodes and related links at ContractorSuccessForum.com.Join the conversation on our LinkedIn page: https://www.linkedin.com/company/contractor-success-forumFIND US ONLINERob Williams, Profit Strategist | IronGateESS.comWade Carpenter, CPA, CGMA | CarpenterCPAs.comStephen Brown, Bonding Expert | McWins.com

Ron and Ed welcome their first five-time Guest to the show, VeraSage Fellow and Professor at Xavier University in Cincinnati, Dr. Reginald Lee. The conversation will surround his new book, Project Profitability: Ensuring Improvement Projects Achieve Maximum Cash ROI. (Full disclosure: Ed wrote the Foreword.) In Project Profitability, Reginald explains why opportunities are not realized and offers a framework that will guarantee your teams identify projects that align with your strategy, calculate cash savings appropriately, and realize these cash savings upon implementation.

Ron and Ed welcome their first five-time Guest to the show, VeraSage Fellow and Professor at Xavier University in Cincinnati, Dr. Reginald Lee. The conversation will surround his new book, Project Profitability: Ensuring Improvement Projects Achieve Maximum Cash ROI. (Full disclosure: Ed wrote the Foreword.) In Project Profitability, Reginald explains why opportunities are not realized and offers a framework that will guarantee your teams identify projects that align with your strategy, calculate cash savings appropriately, and realize these cash savings upon implementation.

Ron and Ed welcome their first five-time Guest to the show, VeraSage Fellow and Professor at Xavier University in Cincinnati, Dr. Reginald Lee. The conversation will surround his new book, Project Profitability: Ensuring Improvement Projects Achieve Maximum Cash ROI. (Full disclosure: Ed wrote the Foreword.) In Project Profitability, Reginald explains why opportunities are not realized and offers a framework that will guarantee your teams identify projects that align with your strategy, calculate cash savings appropriately, and realize these cash savings upon implementation.

I episode #32 - I talk with Deb Nixon of Crosshair Advisors and we examine cost accounting practices for government contractors.  

In a time of great need for our nation during the pandemic, Americans saw and celebrated an army of physician heroes. And in doing so, they overlooked an unforeseen reality that true heroism by physicians has actually yet to be realized. In the coming years, heroic physician leadership will be the crucible for the kindling of imagination to reshape our nation's healthcare system through economic reform.  However, for physicians to lead they will need an educational guide for navigating the business of medicine to optimize their leadership potential.  Fortunately, for them, Dr. Ellis “Mac” Knight and his book “Healthcare Economic Reform:  How and Why Physicians Must Lead Change Within Our Evolving Healthcare Economy” is their guiding light in the darkness! Dr. Knight realizes that the time for physician leadership is now to salvage our economy, improve our nation's health and wellbeing, and restore the humanity of medicine. To do this, physicians must provide more than just healing patients in front of them; they must be a reservoir for reimagining a system that can emphasize prevention over treatment. They must call for changes in a way that will lead to transparency, redesigned care delivery processes, lower costs, and improved patient outcomes. The call for physician leadership has never been higher, and the stakes have never been greater.  For true healthcare economic reform to occur, we need physicians to demand change from both an economic and moral imperative. Are you ready to take your first step in your hero's journey as a physician leader? Or will you stay on the sideline, hoping for a top-down, political, all-encompassing solution to healthcare reform?  After hearing this podcast,  you will come to realize that building an idealized system can only occur via a bottom-up methodology that honors the voices of skilled clinicians on the frontlines to design care delivery.  And it is Dr. Mac Knight that will be your North Star! Episode Bookmarks: 01:45 Heroic physician leadership will be the crucible for reshaping our nation's healthcare system through economic reform 02:15 Dr. Knight's new book: Healthcare Economic Reform:  How and Why Physicians Must Lead Change Within Our Evolving Healthcare Economy 04:25 “Physicians must be a reservoir for reimagining a system that can emphasize prevention over treatment.” 07:00 “The entire healthcare economy is in need of vast redesign” 08:40 What are the goods and services traded for in the healthcare economy? 09:30 Growing up seeing his dad as a solo practitioner and realizing how different that system is from today 11:00 “The healthcare economy is corrupted. It is selling the wrong goods and services and charging way too much for those things.” 13:00 The “glass wall” that is created in large health systems between physicians and administration. 14:00 The lack of accurate Cost Accounting in healthcare as a barrier to creating value (referencing the work of Michael Porter and Robert Kaplan) 16:00 The relentless pursuit of profit within the fee-for-service based healthcare economy 17:00 “The COVID-19 pandemic has really pulled back the veil and revealed the perverse nature of the healthcare economy.” 19:00 Moving the emphasis from profit maximization to value-based care is really going to require a change to the payer paradigm 22:00 The value equation and how definitions and measurements of quality create the perception of “cookbook medicine” 23:00 The Price-Cost disconnect in healthcare and the need to connect pricing to the actual true costs of providing services. 24:00 The flawed negotiation model between health plans and hospitals and how that leads to pricing variation in the marketplace 25:00 Accurate costing and the elimination of waste as an opportunity to drive value in healthcare 27:45 Payment reform is needed. Value-based reimbursements need to become real! 29:00 The movement to value-based payment driven mo...

Sometimes your profession can lead you into all kinds of hot water.  

Luke 14:25-33While Jesus has paid the cost of our salvation in full, He gives us the cost of following Him and calls us to consider the cost before following Him.

In this episode we talk to Adele Jones, Deputy CEO of the Sustainable Food Trust, about true cost accounting, how it can help create clarity around food production and consumer choice, how it could be practically implemented, and whether the political will to implement it is present today.  You can read the article in Nature that Adele co-authored HERE. 

In this podcast, host Todd Hatherly interviews Deborah Nixon of Crosshair Advisors.  Deborah and I will talk Cost Accounting Standards.  Conventional wisdom says CAS only comes into play for the big contractors.  But as Deborah explains that thinking is not quite right.  More often than not, some of those standard can be applicable to smaller organizations.   Find out more by listening to how Deborah explains it.  

Episode #77 Notes1:00 - On The Global Alliance for The Future of Food3:00 - Case studies of work GAFF.8:00 - Defining True Cost Accounting and why it matters.12:00 - Why is this different than GAP accounting? And how are externalities accounted for in True Cost Accounting?16:00 - How is True Cost Accounting embedded in regulatory frameworks?21:00 - How would true cost accounting be applied to more conventional businesses? And how would it impact them?27:30 - How does True Cost Accounting affect prices?34:30 - How is GAFF getting involved in the UN Food Systems Conference?37:00 - How do you pitch True Cost Accounting as a new norm?40:00 - How does True Cost Accounting relate to climate change?43:00 - What we can do to support True Cost Accounting.

We're closing out the season with a look at “True Cost Accounting.” There is a growing movement to include “true cost accounting” or TCA when considering the cost of food -- which can be far more than what you pay in a supermarket.  Our guest today, food journalist and The Farm Report host Lisa Held is quite familiar with that report and cited it in her article for Civil Eats entitled “Can Accounting for the True Cost of Food Change the Global Food System?” Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

In this episode, Kyle Ashcraft, talks about the types of costs within cost accounting, which include fixed costs, variable costs, and mixed costs. Visit Us:- https://www.maxwellcpareview.com/

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Join Ed, Ron, and VeraSage Senior Fellow, and recidivist guest, Dr. Reginald Lee, as they engage in a round-table discussion about value, pricing, cost accounting, project management, and capacity; and how they all change, and don't change, in the subscription business model. This is an adaptation of a Bonus Episode from July 14th that ran for approximately 80 minutes, available to our Cost-Plus Subscribers on our Patreon channel (https://www.patreon.com/TSOE).

Join Ed, Ron, and VeraSage Senior Fellow, and recidivist guest, Dr. Reginald Lee, as they engage in a round-table discussion about value, pricing, cost accounting, project management, and capacity; and how they all change, and don't change, in the subscription business model. This is an adaptation of a Bonus Episode from July 14th that ran for approximately 80 minutes, available to our Cost-Plus Subscribers on our Patreon channel (https://www.patreon.com/TSOE).

Join Ed, Ron, and VeraSage Senior Fellow, and recidivist guest, Dr. Reginald Lee, as they engage in a round-table discussion about value, pricing, cost accounting, project management, and capacity; and how they all change, and don't change, in the subscription business model. This is an adaptation of a Bonus Episode from July 14th that ran for approximately 80 minutes, available to our Cost-Plus Subscribers on our Patreon channel (https://www.patreon.com/TSOE).

This week I'm speaking with Crystal Davis, an experienced business process improvement consultant and certified leadership development coach and CEO of The Lean Coach, Inc. Crystal and I talk about how leaders and businesses can shift to efficiently working during the pandemic and how leaders can help their team members with the adjustment of returning to the workplace as we come out of the pandemic. What You'll Learn This Episode: How the pandemic has shifted how Crystal works with clients Project management focus The importance of meeting the client where they are at The importance of taking a break and reflecting as a leader How leaders can help team members as they return to work after the pandemic Why leaders should continue the learning process About the Guest: Crystal Davis is the CEO of The Lean Coach, Inc. and an experienced business process improvement consultant and certified leadership development coach with over twenty years of experience in the design, development, and implementation of Lean Business System solutions across a wide range of industries. Crystal is a sought-after international speaker, host and podcaster with International Business Growth Radio (IBGR), and has spoken at numerous conferences around the world. Crystal's work and thought leadership has been published in The Journal of Cost Accounting, and Lean Six Sigma Review. Throughout Crystal's career, she was fortunate to serve as a Master Black Belt, to be mentored by two Toyota sensei in the Toyota Production System, and to lead three teams to receive awards and recognition from lean organizations. Crystal serves on the OPEX Board of Directors, and Lean Six Sigma and Data Conference board for the Institute of Industrial and Systems Engineers (IISE). Crystal served as the conference chair in 2019, introducing Big Data and Artificial Intelligence to the conference. She also serves on the editorial board for ASQ's Lean Six Sigma Review publication, where she served as guest editor for the inaugural all women's special edition. Important Links: ww.theleancoachinc.com Linkedin: https://www.linkedin.com/in/crystalydavis/ --- Support this podcast: https://anchor.fm/leansolutions/support

In this episode of Repast, Diana Winters interviews Paula Daniels on Los Angeles food policy, the L.A. Food Policy Council, which she founded, the Center for Good Food Purchasing, and a forthcoming book, True Cost Accounting for Food: Balancing the Scale, that she edited and in which she has a chapter.  Paula and Diana discuss true cost accounting, which Paula distills with the following Oscar Wilde quote:“What is a cynic? A man who knows the price of everything and the value of nothing.  And a sentimentalist . . . is a man who sees an absurd value in everything and doesn't know the market price of any single thing.”For more on true cost accounting, listen now.  Diana Winters is the Deputy Director of the Resnick Center for Food Law & Policy at UCLA Law. Paula Daniels is Co-founder and Chair of the Center for Good Food Purchasing, a social enterprise non-profit founded in July of 2015 as a national spin-off from the Los Angeles Food Policy Council, which Paula founded in 2011.   You can pre-order True Cost Accounting for Food here.     Music by Ike Winters.  

This article was authored by David Wyndham and published in the December 2015 edition of AvBuyer Magazine. Subjects covered include: Tools flight department managers need to track their department's costs. Predisposed views that some managers have when talking about aircraft costs. Information that is vital in deciding when to replace an aircraft due to increasing costs. The additional benefits of cost accounting. Developing accurate cost allocation for departmental air transportation charge-backs. To read the original article in the digital edition of AvBuyer Magazine, click here and turn to page 64.

Cost Accounting Basically, there are three types of accounting. 1. #Financial accounting 2. #Cost accounting 3. #Management accounting Financial accounting: - It is a particular type of #accounting that includes a method of documenting, Summarizing, and reporting the #transactions arising from business operations for a period of time. It is on a cash basis. Cost accounting: - It is a facet of management accounting that determines the actual cost associated with the process of #manufacturing a #product or providing services. Management accounting: - It is the process of preparing reports about business #operations that help managers make short-term & long-term decisions. With the help of financial and cost accounting #statements managers are able to #identify, #measuring, #analyzing and #communicating the information. BPA Educators has been established with a vision to aid students and professionals in achieving their goals. We at BPA Educators understand the aspirations of young students and professionals. Our sole aim is to reduce the hassle that one can encounter while choosing the right career option. We have striven hard for the past 10 years and trained over 1000+ students to date. Our team of counsellors is qualified and experienced, consisting of CA's, CMA's, CS, LLB, and MBA's who have exposure to practical training with hands-on experience in the industry, having experience of 10 to 15 years and growing strong with a commitment to transform the career of students with better opportunities amongst various age groups. We provide the best training and counseling for students from Class XI till MBA. BPA Educators offers Basic and advance courses in Microsoft Excel, which helps you to keep the data of number and analyze them properly, according to the requirements and needs. Course Offered:- 1) PAP 2) PAP + 3) MIS 4) GST Practical Training and E-filling 5) Direct Tax Practical Training and E-Filling 6) MS Office Basic and Advance 7) IELTS 8) BCOM Coaching 9) CA,CS,CMA Coaching 10) 11th and 12th Coaching 11) Tally.ERP 9 Basic and Advance 12) Spoken English 13) Communication 14) And Many More KEY FEATURES 1) Excelled in the Job Oriented Training 2) 10+ years' experience and qualified trainers (CA/CMA/CS/MBA) 3) Fully practical approach with best grades in exams 4) Training on Latest Accounting Software 5) The updated and relevant study material 6) Real-life projects & On the job training 7) Job for lifetime facility 8) 1000 + satisfied and placed students 9) Strong placement network 10) Connect with 500+ Employers 11) Monthly 200+ openings 12) Workshops, Guest Lecture, and various other activities for industry and student interaction 13) Special rebate scheme for special and weaker section students 14) Fully Equipped Infrastructure For expert advice Address: C-8/13, Sector-7, Rohini, Delhi-110085 Call: +91-8882196405 Email: info@bpaeducators.com Private Facebook group: BPA mastery To get more updates join VIP COMMUNITY OF BPA EDUCATORS- https://www.facebook.com/groups/bpamastery/ Website: www.bpaeducators.com Instagram: https://www.instagram.com/bpaeducator/ Facebook: https://www.facebook.com/bpaeducator Twitter: https://twitter.com/EducatorsBpa Youtube: https://tinyurl.com/y9nb27xc Linkedin: https://www.linkedin.com/company/bpa-educators/

You're listening to the Westerly Sun's podcast, where we talk about the best local events, new job postings, obituaries, and more. First, a bit of Rhode Island trivia. Today's trivia is brought to you by Perennial. Perennial's new plant-based drink “Daily Gut & Brain” is a blend of easily digestible nutrients crafted for gut and brain health. A convenient mini-meal, Daily Gut & Brain” is available now at the CVS Pharmacy in Wakefield. Now for some trivia. Did you know that some people consider Narragansett Bay Rhode Island's most important natural resource? Thanks to its plentiful fish, fertile soil, and position as a shipping gateway to the Atlantic Ocean, Rhode Island wouldn't be Rhode Island without it. Now for our feature story: Traveling to faraway lands may be on hold for most of us these days, but one local resident has made it possible to travel to 12 countries — albeit vicariously. Westerly native Ryan Jacobson, a 41-year-old middle school teacher, released his first travel book last month — "The Adventures of Mr. Brightside" — which zoomed straight to the top of Amazon's best-seller chart for travel-memoir books days after it arrived. Readers of Jacobson's 316-page self-published book can travel along with him as he journeys through a dozen countries — from Portugal to Morocco; from Albania to India; from Sri Lanka to Thailand; from Laos to Cuba; from Mexico to Belize; and from Panama to Peru — and shares stories about gorgeous beaches, fairy-tale countrysides, delicious daiquiris and divine desert experiences. Readers can also experience the countries in three completely different fashions: on a "very low budget," a "moderate budget" and on "an all-out luxury budget." The book is more of a "how not to travel," Jacobson joked one afternoon last week as he described his journeys, highlighted some of his favorite places, foods and experiences, and explained how he landed upon his unusual plan. Originally, said the veteran traveler, he planned to travel around the world in 12 months while visiting 12 countries and spending only $1,000. He planned to call that journey project "Venture Twelve." But after "crunching some numbers while sipping a martini in his parents' hot tub," it dawned on him — and members of his family agreed — that he'd never survive on such a limited budget. Jacobson, who once spent a summer teaching in war-torn Uganda and a week hiking through the Grand Canyon — and sleeping on a picnic table — has also toured some of the country's finest vineyards and wineries and "mingled with celebrities" at speakeasies and in mansions. "The point is, I'm like a cuttlefish," Jacobson said. "I have the ability to blend into any environment I need to in order to survive whatever situation I find myself randomly landing." Thus he landed upon his plan, and, after roughly a year of dedicated planning, he headed off on his journey to sample camel burgers and lion fish, crickets and scorpions, swim in aqua-colored waters, and meet up with friends along the way. And now he is a published author. Michelle Jacobson, Ryan's mother told us that her son — voted "Friendliest" by members of the Westerly High School class of 1998 — was able to travel around the world only with "God's grace." "He has a terrible sense of direction," she joked. To see photos and learn more about Jacobson's travels, visit venturetwelve.com. And for more about the latest stories in and around Westerly, head over to westerlysun.com. There are a lot of businesses in our community that are hiring right now, so we're excited to tell you about some new job listings. Today's Job posting comes from The University of Rhode Island. They're looking for an accountant to join their team. This person will play a crucial role in the reporting, billing and collections of research activities in the Office of Sponsored and Cost Accounting. If you're interested in applying visit jobs.uri.edu Today we're remembering the life of Patsy Cosma of Westerly. Pat was born In Hartford, CT. and after graduation from Wethersfield High School, Pat went on to the trades as a floor covering installer, later working for his Dad in his trucking business. He then started his own Real Estate company in Marlborough serving as President of the East Central Board of Realtors in 1975.  Aside from a "Southern Segue" as an independent Licensed Yacht Broker and owner of 'Dolphin Marine Sales' in St. Petersburg, FL., Pat worked in Real Estate for most of his life. Pat lived big. Always an adventurer and eager for new experiences, he was an early member of the 'Gillmen Dive Club', the third oldest scuba diving club in the country. Pat also served as a National Guardsman and in the Newington volunteer fire department. He could turn a day sail into a friendly race and a new road bicycle would have him training for the next century ride. When he decided to fly, he purchased his plane and then got his private pilot's license. He loved camping and kayaking with members of RICKA, Including a week of kayaking on the Isle of Elba at the end of a tour of Italy. Pat was an avid motorcycle rider enjoying the freedom of the road whether it was a day trip from RI to Canada for lunch or (at age 73) a January cross-country trip to California. Pat will be missed by his beloved family and friends as well as his 20 year old poodle, Scooter. Thank you for taking a moment today to remember and celebrate Pat's life. That's it for today, we'll be back next time with more! Also, remember to check out our sponsor Perennial, Daily Gut & Brain, available at the CVS on Main St. in Wakefield! See omnystudio.com/listener for privacy information.

Today's topic comes courtesy of a very unlikely source for great business advice for entrepreneurs – the movie Moneyball.  It's the real life story of Billy Beane, the general manager of a major league baseball team that finds itself at the bottom of the ladder – the Oakland A's.  Crushed by the big budgets and big name players of teams like the New York Yankees and the Cleveland Indians, Beane is forced to take a risk and do something no team has done before – abandon traditional recruiting methods and employ computer-generated analysis to acquire and trade players.  You see, they didn't have money to attract the MVPs who could hit home runs so they created a formula to predict which players would just be able to consistently hit the ball and get to first base. And in doing so, Beane changed the face and landscape of the game forever. One of the quotes from the movie that really summarizes just how big this shift in perspective was, is when Beane makes this comment to one of his special assistants: “You're not solving the problem. You're not even looking at the problem.” Beane understood that in baseball (which is not that different from dealing with your financial issues), it's easy to get distracted by all the issues and rhetoric swirling around the actual problem.   The more you have personally invested in the status quo, the more you will be prevented from seeing the real problem for what it truly is. That's why it's vital to seek advice and perspective from people outside your industry — those inside will be emotionally attached to the way things have always been done and thus, they have become part of the problem. Which brings me to why I have invited my good friend Dr Reginald Tomas Lee to the program today... Reginald Tomas Lee, PhD, is an educator, author, international and TEDx speaker, and corporate advisor in the areas of generating and managing cash, and capacity management. He is the author of four books, including Lies, Damned Lies, and Cost Accounting and Strategic Cost Transformation with three more, including Project Profitability, and Engagement Economics, under contract. He is a feature writer for the Journal of Corporate Accounting and Finance. Reginald has advised many major companies, including as Bristol Myers Squibb, Dell, Disney, DuPont, Lockheed-Martin, and Toyota. Professionally, Reginald has worked for GM, IBM, EY, has been a professor of both engineering and business, and currently teaches in the business analytics dept at Xavier University in Cincinnati, OH. Reginald has a PhD in mechanical engineering from the University of Dayton. Highlights: Focus on cash – your prime objective is to bring in more cash Are the tools you are using giving you the information and insights you need? Or are the tools leading to sub-optimization of cash flow? How much did I spend? What did I create? How much demand is there for what I created? Get in touch: Email -  leer8@xavier.edu Linkedin  Invite a Friend to Practice a Little Financial Foreplay® today... Copy and paste the link below in a new browser window to automatically tweet out this episode. https://ctt.ac/1G8A5

This is the first of a two-part discussion about cost accounting. We start with fixed costs. What are they? How do growers think about them? How can growers use better understanding of fixed costs to improve their profitability and make better business decisions? We include on-farm and off-farm examples to help better explain these concepts. Next time we cover variable costs.

Do you have cost accounting nailed down for Cannabis accounting? Can you confidently say you know how to track each plant, work in progress statuses, and inventory count to properly allocate costs to COGS? Are you reducing tax liability properly for your clients… or are you unwittingly costing them extra money by taking too few deductions or being the reason they rack up penalties? To be the champion of correct accounting and compliance for your clients, you need great tools, and one of the best tools is the flower calendar (the only one of its kind in the industry!). With this tool, specially designed by DOPE CFO founder Andrew Hunzicker, CPA, you can streamline Cannabis accounting processes and make it way easier to do the following: Facilitate seed to sale compliance: because the flower calendar literally tracks the growth of a plant, you can help a Cannabis operator or CEO adhere strictly to seed to sale protocol (from buying seeds to the pruning of the final harvest, the calendar helps you establish a strong seed to sale foundation to fulfill state regulations). Offer key support for cost accounting: cost accounting is imperative to properly filing tax codes IRC 280E and 471 (learn how the flower calendar can help you estimate yields, strains, and complete percentages to inform how you assess variable and fixed costs each month). Project cash flow: in a cash-based industry, the flower calendar helps with cash forecasting and precise monthly reports (making the cash forecasting system more automatic, helping your client strategically prepare short- and long-term cash flow objectives). Provide management, board, and investment reporting: when you help your client prepare reports for the management team, company board, lenders, or investors, the flower calendar helps you provide key decision makers with precise details on crop yield, harvest percentages, and future cash flows. Want more great tips and insider advice on the Cannabis and CBD/hemp accounting niches? For more info on the DOPE CFO program, text DOPECFO to 345345 for our free Cannabis Accounting Guide. For more great tips and soundbites on Cannabis accounting and bookkeeping, make sure you subscribe today to our podcast. --- Send in a voice message: https://anchor.fm/dopecfo/message

Dr. Reginald Tomas Lee, is an executive advisor and innovator in the areas of cost modeling and management, cash profitability, capacity management, and supply chain. He is the author of Strategic Cost Transformation and Lies, Damned Lies, and Cost Accounting, with Project Profitability forthcoming. He advises executives and their teams, helping them improve cash, capacity use and  management, and accounting profit. Reginald is a professor in operations at Xavier University. 

This program, episode #7, brought to you by Federal Publications Seminars, a leader in federal government contract training to the industry for the past 60 years, hosts James Newland, a partner with Seyfarth Shaw and Greg Bigham, a partner and co-leader of the government contract practice at consulting firm HKA. Jim and Greg discuss the impacts of COVID-19 on Costs and the Costs Accounting rules. Federal Publications Seminars has hundreds of online programs, classroom courses and other resources available to the industry. Go to https://www.fedpubseminars.com for more information.

About Chip:Chip Griffin is dubbed as “The Agency Whisper” in the industry. He's the host of the Agency Leadership Podcast and Chats with Chip and helps PR and marketing agencies reach their goals and increase their efficiency. Chip became the CEO of Townhall.com when he was in his early twenties. And since that time he has built and sold several companies, both in tech, and he started and sold several agencies and consultancies. Today he spends his time educating, coaching, consulting, and speaking to agency owners on how to run and scale their agencies. Want to see more of Chip? Follow him online:ChipGriffin.comChip's LinkedInChip's TwitterChip's InstagramThe Agency Biz PodcastsResourcesThe Agency BizThe Agency Leadership AdvisorsChipGriffin.comChip's LinkedInGuide to Agency Project BudgetingAgency Business CheckupThe Agency Biz PodcastsLink to project budgeting template Timestamps:Intro   0:00How did Chip go from Building and Selling Businesses to Coaching Businesses?   3:28How to Properly Scope Projects and Create your Budgets   6:04When Should an Agency Evaluate the Cost Aspect of a Project   8:35Scoping and creating accurate budgets inside your agency?   11:59Expenses that Agencies Must Watch Out For    13:57Contingency Reserves Based on People's Risk    14:52How to Reduce the Amount of Scope Creep Once the Projects Gets Underway   24:08Gross Profit Margin Target for Agencies   25:11Core Principles to Remember in Managing Relationship with a Client   36:55Outro   44:21How to Scope Projects & Protect Profits with Chip Griffin - Episode 28The foundation of running a successful agency lies in charging more money to clients than it takes for us to deliver outcomes to them. Ideally, we're consistently achieving 50-70% gross margins on projects, which sets us up to have reasonable overhead and continue to cash-flow our growth.Unfortunately, we've all found ourselves losing our shirts and in some cases even spending money to work with a client. Most often, the culprit is a combination of poor scoping and scope creep leading to a dumpster fire of a project that leaves us with lots of work to do and very little profit to show for it.For some of us, this still happens more often than we'd like to admit.That's why I decided to invite my friend Chip Griffin onto the show to share his knowledge and experiences in scoping projects and protecting profits. He didn't disappoint, as he broke down what he's learned from years of running and scaling his own agencies to multiple exits, and helping clients do the same.How to Properly Scope Projects and Create Your BudgetsThere are a lot of factors that play in when properly scoping projects and creating budgets. It's a complex process that often requires some analytical savvy.According to Chip “The agency community is filled with really creative people who are fantastic at client service, but a lot of them just don't have a lot of business experience.”It comes as no surprise that many of the agencies I speak to have a difficult time getting a handle on scoping, and spend most of their careers feeling like they've never found a reliable way to do it accurately.When it comes to getting a handle on estimate, Chip states that agency owners must create a project plan with their clients that will be beneficial for both parties. From billing clients based on an hourly rate, flat-rate pricing, or value-based pricing; there are a lot more factors that you, as an agency owner must take into consideration. So it becomes increasingly important to get really good at figuring out how much or how long will it take to deliver the project with our desired outcome to our clients while making sure to stay within the budget and submitting them on-time. This means tracking actuals against estimates over time to feed that information back to whatever supporting data/documents you might use to create estimates in the first place.With that being said is it important to answer these questions before signing a contract to a client:How long will this project take?Do I need to hire new people?How much will all these expenses cost?Have we done this kind of work before? How much uncertainty exists around what the client is asking of us?What's our gut-feel on the client, and how demanding they might become?Do I need to travel to meet up with my clients or remote employees?Are we importing assets / materials from the client?Will I be able to deliver and accomplish my clients' expectations?What type of billing method is most beneficial for my agency and the client?etc.Being thorough in the discovery process and really assessing the risk of a project is key in establishing the right level of contingency and padding in your estimation.Chip is also a big fan of doing paid discovery, giving you the ability to get compensated for the time it takes to properly assess your client's needs. Project Budgeting for Accurate ProfitabilityIf you want an overall profitable business, you need to sit down and take note of all the expenses and other factors into consideration before pricing a project. This will drastically help in determining how much it will cost because as I've stated earlier it can't just be about dollars and cents. It is more about coming up with the scope and if you're putting together a budget that will help you think about the scope and what you're going to deliver to your clients.According to Chip, he has seen a lot of agencies that start doing value-based pricing or they start doing flat-rate pricing and then since they do not have any use for timesheets when billing their clients they throw them away. Often, they also abandon the idea of actually assessing the client's needs thoroughly in the sales process.For example, a client is willing to pay us $100,000 to build their website, and they have certain expectations, of course, like they want the website to look or function a certain way or they want the website to be up and running on this specific date.But, based on the client's expectations and factor in the cost and time to deliver their expectations, will this project still be profitable for my business? Chip states that it's important to dig deeper into what point their agency should start to evaluate the cost aspect of a project. At what point in that sales cycle should they start to have that conversation, and who should generally be involved in that conversation to make sure that the estimate is actually realistic, accurate, and transparent to all the stakeholders.When Should an Agency Evaluate the Cost Aspect of a Project?Chip advised that agency owners need to do a thorough cost evaluation of a project before giving the client a price. And based on his experience, a lot of agencies don't go about building a budget for their projects, and if they do, they do it after they've already submitted the proposal, the scope, and the price.And, when you've got the contract in place, but it turns out the fund is not sufficient to be able to run the project successfully can be a tad bit stressful to deal with. So you really need to have it in advance. “I'm not saying that you should take the budget and price solely based on it, instead the budget should be used to establish the minimum or maximum amount that you can charge for this project in order to be profitable.” he says“hat doesn't mean that you shouldn't charge more than that, because you also want to charge for the value that you're delivering. It's a very popular way to do agency pricing now, but you need to know what that bottom line is, that you just simply can't go below without.” It is extremely important that you involve the people who are going to manage the project in the budgeting process. This way, you will be sure that everyone understands the scope of a certain project and how they can be more efficient to be able to work on another project.It's also important to get those different ideas out on the table so that you can try to figure out what is a reasonable expectation for this particular piece of work or this particular process that this project needs to be successful. Creating Accurate Budgets Inside Your AgencyAccording to Chip Griffin, the first thing agency owners need to do is to start creating these budgets. They also need to make sure that they are closely monitoring and collaborating with their project managers to determine the factors that block their progress. And to create an accurate agency budget you must consider these factors:Cost of Labor, you'll be surprised that agencies miscalculate the cost of labor. Quite frankly, labor is by far the largest expense for just about every agency out there. And estimating your agency's labor time is challenging, and you need to consistently ask and get feedback to improve. Click here for our blog post on calculating Labor Cost-Per-Hour.Pass-Through, Production & Travel Costs, Of course, it's also critical to factor in the more obvious costs to delivering a project. Things like contractors, equipment rental, material costs, ad spend, etc. One of the things that a lot of business owners forget to put in a budget is the travel costs related to client work, and particularly as more agencies are virtual and more people are having clients who are not just a car to drive away. Chip recalls a specific example: “I had a client who would pay me $75,000 annually with a condition to fly to Australia on a bi-monthly basis, but when I started digging in and it turned out that I was spending $15,00 to $20,000 a year on travels alone. And, all of a sudden, there's  10% or so of the revenue being eaten up just by travel costs.”Make sure you're thinking about all the costs of delivering outcomes to the client, and maintaining your relationship with them.Contingency Reserves Based on People's RiskChip has seen a lot of agencies estimate with their rose colored glasses on. He says the first thing you need to do is create a budget without being wildly optimistic about how quickly you can get things done. It's more important to be realistic, instead of conceptualizing an “ideal word scenario” where everything goes as planned.As we all know, they rarely do.Chip recommends having contingency factored into estimates based on the level of uncertainty around the work. Often, this will come down to how many times it's been done in the past, and how consistent it was in scope. The objective should be to get estimates within 10% of reality over time. This is why having a cadence in place allows you to monitor how much time did it actually take to complete the project versus how long did you estimate the project is going to take and adjust estimating processes & documents accordingly.Another thing that you need to consider is building your agency's culture and the rules on defining your initial scope of work. There's a wide range of agency approaches to this. And, in general, there's a lot of over-servicing that takes place. I personally believe in the importance of time tracking inside of an agency, because you will be able to get insights as to whether you are doing well or not, which can be challenging to estimate when you're using a flat-rate or value-based pricing. And then that brings me to another point, which is the way that you structure your projects or deliverables or tasks within a time tracking software is important because it's like setting up your chart of accounts inside of your agency. Because, you need to track cost, not with a blended rate.Chip stated that “I know it's really popular in the agency world to charge clients a blended rate, and that's fine, but from a budgeting perspective, you need to make sure that you've got at least several bands. I'm not saying you need to go in and figure out each employee's individual costs and all that, but have at least three bands so that you can appropriately account for the different types of workers that you'll have on a project because it'll make a huge difference in your pricing and profitability.”If you want to make sure that it's not leaving money on the table. Make sure you do that piece of it.Core Principles to Remember in Managing Relationship with a ClientThe core principles that are really important when it comes to managing that relationship with your client:Having a backbone with a client that sometimes has a little too much power from an economic perspective in their business. Start by thinking about how you're structuring your client base and making sure what type of clients you've got. It's generally better to have a bunch of clients all in the same range than have small ones and big ones mixed together. Because that tends to create an imbalance.You need to be creating a culture in which the team is comfortable withdrawing the line with clients. Often, over-servicing occurs when the client asks a team member to do something directly, and they do it without ever running it up the chain of command for approval.Establish an organized and easy-to-follow way of time tracking.Use resource planning to make sure you've got the right people protected for the right amount of time to deliver expected outcomes to the client.Establish a clear process for communicating and approving changes in scope, and processing requests from clients for changes/additional work.The point of all of this is to learn how to create better systems in your business to become more efficient. To create processes that can scale, that can be repeatable, that can protect your margins, protect your team's time, and ultimately give you a business that is sustainable in the long term. And ultimately this all comes back to communication. It's ironic that in an industry where communication and collaboration is the key to success, communication tends to be the place where things break down. You need to have good communication amongst your team members and between your agency and the client. And the more of this communication that you have, the more accurate your budgets are going to be, the more accurate your scopes of work are going to be. The better your profitability is going to be.Agency Profitability Tool KitIf you're looking for more resources to help you improve your agency's profitability, then check out the Agency Profitability Tool Kit - it's full of the same templates and checklists we've used with consulting clients to help them improve their profitability by over 100% in under 60 days.

This week's episode covers CMMC, GSA schedule, and cost accounting news and is hosted by partners David Robbins and Peter Eyre. Crowell & Moring's "Fastest 5 Minutes" is a biweekly podcast that provides a brief summary of significant government contracts legal and regulatory developments that no government contracts lawyer or executive should be without.

Listen this Podcast to know Complete about the Methods and Techniques of Costing which comprises of- (i) Methods of Costing- Specific Order and Continous Operation Costing Method (ii) Techniques of Costing- Historical Costing, Standard Costing, Marginal Costing, Direct Costing, Absorption Costing (iii) Difference between Methods and Techniques of Costing. If You like this Podcast, Make Sure You Like and Share it to your Classmates. I also have written an article about the Methods and Techniques of Costing. Also Get the Complete Cost Accounting Notes. --- Support this podcast: https://anchor.fm/glad-tutor/support

Listen this Podcast to know Complete about the Steps for Installation of Costing System comprises of the- Concept of Installation of Costing System, Steps involved in Installation of Cost Accounting System, Essentials of Good Costing System. This is the Part-1 of Installation of Costing System. If You like this Video, plz like, Comment, Share. I have also written an article about the Installation of Costing System, Check out from the Link Below- http://gladtutor.com/installation-of-costing-system/ --- Support this podcast: https://anchor.fm/glad-tutor/support

Listen this Podcast to know the Nature and Scope of Cost Accounting which includes- (i) Meaning and Definition of Cost Accounting (ii) Nature or Features of Cost Accounting (iii) Scope of Cost Accounting (iv) Objectives of Cost Accounting. If You like this podcast, then do like, share and don't forget to follow our Podcast. I have also written an article about this topic, Check it out- http://gladtutor.com/cost-accounting-notes/ --- Support this podcast: https://anchor.fm/glad-tutor/support

Greg Meredith discusses cost accounting, Testnet-3, and RChain’s unique features with Isaac DeFrain.

Greg Meredith discusses cost accounting, Testnet-3, and RChain's unique features with Isaac DeFrain.

Join Ed, Ron and special guest Reginald Lee, author of Lies, Damned Lies, and Cost Accounting as well as Strategic Cost Transformation as they discuss the sessions they delivered at the Ohio Society of CPAs' 2019 Cleveland Accounting Show.

Join Ed, Ron and special guest Reginald Lee, author of Lies, Damned Lies, and Cost Accounting as well as Strategic Cost Transformation as they discuss the sessions they delivered at the Ohio Society of CPAs' 2019 Cleveland Accounting Show.

Join Ed, Ron and special guest Reginald Lee, author of Lies, Damned Lies, and Cost Accounting as well as Strategic Cost Transformation as they discuss the sessions they delivered at the Ohio Society of CPAs' 2019 Cleveland Accounting Show.

Most accountants are not familiar with the growing and production process of cannabis. This means, they are not doing proper cost accounting and may not have the right tools that they need to help their clients maximize their legally allowable deductions. In this episode, DOPE CFO Co-Founder, Andrew Hunzicker, CPA discusses the costs associated with growing a pound of cannabis and how important it is for accountants to understand the complexities of production. For More Information About The DOPE CFO Program, visit: http://bit.ly/2VFXx0b --- Send in a voice message: https://anchor.fm/dopecfo/message

We have all these systems, we have all these complications and things but there are actual tools to make Cannabis Accounting Software work! In this episode, we show you step by step the depth of the work that needs to be done and how to get it done with these tools. Enjoy and share if it's valuable for you. --- Send in a voice message: https://anchor.fm/dopecfo/message

Jody Grunden is the managing member of Summit CPA Group. Jody focuses his attentions primarily on Virtual CFO Services. Jody meets with business owners on a weekly basis to assist them with Cash Flow Management, Forecasting, Budgeting, Debt Restructuring, Cost Accounting, and Cutting Edge Tax Planning. Jody takes great pride in helping business owner strive in all economic conditions. He strongly believes that a well run company will excel in both a good and bad economy. Jody began developing his extensive background in accounting and tax by bringing together his experiences in both corporate and public accounting. Jody is also the author of Digital Dollars and Cents. Over 20 years of experience. Jody is a member in good standing of both the American Institute of Certified Public Accountants and the Indiana CPA Society. Jody has a well-rounded professional background with experience in both public and corporate accounting. He developed a broad base knowledge at two regional accounting firms: (1) Crowe Chizek and Company and (2) Geo S. Olive (now BKD). His public accounting background was further enhanced with his corporate experience. Jody worked as the tax manager for a $250 million international, multi-state, manufacturing company, Rea Magnet Wire Company, Inc. While at Rea Magnet Wire Company, Jody stood before the Taxation and Revenue Department of the State of New Mexico and won an appeal for a $300,000 Investment Credit that was earlier denied by the department. The appeal was a Published Decision.

Credit title: Subject Matter Expert: Setiani Putri Hendratno, S.E., M.Ak. Dokumenter: Binus University Uploaded by: Knowledge Management and Innovation Binus University

Credit title: Subject Matter Expert: Setiani Putri Hendratno, S.E., M.Ak. Dokumenter: Binus University Uploaded by: Knowledge Management and Innovation Binus University

Welcome to Cost Accounting, with Andrew and Dave! In this episode, the duo...they... Wait, that isn't right. This podcast is Films(trips), and this time Andrew and Dave discuss the 1965 mystery thriller MIRAGE, starring Gregory Peck. Is the film worth your while? Can Andrew and Dave agree about how to read it? And why does Andrew sound like Sylvester the Cat? Tune in and find out! Well, except for that last point. Next Episode: CORTISOOOOOOOOOOOOOONE! All music by Andrew Kannegiesser.

In an effort to adopt new methods of automation, most manufacturers have embraced robotics as a more cost-effective and efficient solution, and the results have been great. But just as it takes some time to get used to the new technology on the line or in your warehouses, it's going to take some time to make the necessary adjustments in your accounting department as well. Tom Scharf, a principal in Rea's Cleveland office, has worked with a lot of manufacturing companies over the years and, in this episode of unsuitable on Rea Radio, he's going to talk about the impact these technological advancements have made, or rather should make, to your method of cost accounting. Why does accurate cost accounting matter? Even if your business has made the same product for the past 50 years, the way you make your product has almost certainly changed. New technologies and methodologies have reduced the number of direct labor hours that go into producing just about anything. So if your accounting practices haven't changed just as much as your manufacturing process, you're probably not accurately calculating the cost of a given product. And the impacts of this go much farther than a spreadsheet – when you calculate cost incorrectly, you will just end up giving the decision-makers in your business bad data, likely resulting in bad decision making. If you are a business owner who creates any kind of product, you will be interested in these other topics discussed in this episode: How new tax laws and regulations will affect manufacturing businesses over the next few years. What's right for your business: standard job costing or specific job costing? The difference between fixed and variable overhead and how it's allocated. If you liked this episode of unsuitable on Rea Radio, let us know by hitting the like button or by sharing it with your followers on social media. You can also use #ReaRadio to join the conversation on Facebook and Twitter, and you can watch the podcast in action on the Rea & Associates YouTube channel. We've also included access to additional resources on our website at www.reacpa.com.

We are pleased to welcome back to the show Dr. Reginald Lee, author of Lies, Damned Lies, and Cost Accounting: How Capacity Management Enables Improved Cost and Cash Flow Management, and the founder of the Cash Flow Innovation Lab. He is in the final throes of completing his latest book, Strategic Cost Transformation: Using Business Domain Management to Improve Cost Data, Analysis, and Management. This book not only lights a candle in the darkness when it comes to the inaccuracies of cost accounting, but it also proposes alternatives, especially cash flow and capacity management. This is far more optimal than engaging in the contrived exercise of cost accounting. Join Ed and Ron for what is sure to be another enlightening discussion with an incredible thinker.

We are pleased to welcome back to the show Dr. Reginald Lee, author of Lies, Damned Lies, and Cost Accounting: How Capacity Management Enables Improved Cost and Cash Flow Management, and the founder of the Cash Flow Innovation Lab. He is in the final throes of completing his latest book, Strategic Cost Transformation: Using Business Domain Management to Improve Cost Data, Analysis, and Management. This book not only lights a candle in the darkness when it comes to the inaccuracies of cost accounting, but it also proposes alternatives, especially cash flow and capacity management. This is far more optimal than engaging in the contrived exercise of cost accounting. Join Ed and Ron for what is sure to be another enlightening discussion with an incredible thinker.

We are pleased to welcome back to the show Dr. Reginald Lee, author of Lies, Damned Lies, and Cost Accounting: How Capacity Management Enables Improved Cost and Cash Flow Management, and the founder of the Cash Flow Innovation Lab. He is in the final throes of completing his latest book, Strategic Cost Transformation: Using Business Domain Management to Improve Cost Data, Analysis, and Management. This book not only lights a candle in the darkness when it comes to the inaccuracies of cost accounting, but it also proposes alternatives, especially cash flow and capacity management. This is far more optimal than engaging in the contrived exercise of cost accounting. Join Ed and Ron for what is sure to be another enlightening discussion with an incredible thinker.

Ken Boyd writes blogs, articles, whitepapers, and provides video content. He is the Co-Founder of Accountinged.com, and owns St. Louis Test Preparation (accountingaccidentally.com). Ken is the author of Cost Accounting for Dummies, Accounting All-In-One for Dummies, The CPA Exam for Dummies and 1,001 Accounting Questions for Dummies. As a former CPA, Auditor, Tax Preparer and College Professor, Boyd brings a wealth of business experience to educating an audience

This week on The New Stack Context weekly news wrap podcast, we talk with TNS European correspondent Mark Boyd about his fascinating story on how serverless architectures are turning developers into accountants. Or, at least, making cost a central consideration of how applications are designed. We also chat about the recently announced acquisition of CoreOS by enterprise Linux giant Red Hat. We talk about Red Hat's acquisition strategy, how CoreOS' container focus fits into Red Hat's open source enterprise software stack, what the deal means for Docker, and, most importantly, the fate of Brian Redbeard's beard. TNS Editorial Director Libby Clark hosted this episode and was joined by TNS founder and Editor-in-Chief Alex Williams and TNS Managing Editor Joab Jackson.

We are pleased to have the chance to interview Dr. Reginald Lee, author of 'Lies, Damned Lies, and Cost Accounting: How Capacity Management Enables Improved Cost and Cash Flow Management,' and the founder of the Cash Flow Innovation Lab. Companies need cash flow to sustain themselves and to grow. Cost accounting was created to help determine the cost of products, services, and activities. For optimal cash performance, cost accounting is not the answer. Allocations and accruals create a gap between cash and what accounting reports. The answer? Don't allocate costs. The Lab's R and D objective is to create models that do not allocate costs and offer the same, and even better cost and cash flow data than you currently have. Join Ed and Ron as they discuss the further loss of relevance of cost accounting to businesses everywhere.

We are pleased to have the chance to interview Dr. Reginald Lee, author of 'Lies, Damned Lies, and Cost Accounting: How Capacity Management Enables Improved Cost and Cash Flow Management,' and the founder of the Cash Flow Innovation Lab. Companies need cash flow to sustain themselves and to grow. Cost accounting was created to help determine the cost of products, services, and activities. For optimal cash performance, cost accounting is not the answer. Allocations and accruals create a gap between cash and what accounting reports. The answer? Don't allocate costs. The Lab's R and D objective is to create models that do not allocate costs and offer the same, and even better cost and cash flow data than you currently have. Join Ed and Ron as they discuss the further loss of relevance of cost accounting to businesses everywhere.

We are pleased to have the chance to interview Dr. Reginald Lee, author of 'Lies, Damned Lies, and Cost Accounting: How Capacity Management Enables Improved Cost and Cash Flow Management,' and the founder of the Cash Flow Innovation Lab. Companies need cash flow to sustain themselves and to grow. Cost accounting was created to help determine the cost of products, services, and activities. For optimal cash performance, cost accounting is not the answer. Allocations and accruals create a gap between cash and what accounting reports. The answer? Don't allocate costs. The Lab's R and D objective is to create models that do not allocate costs and offer the same, and even better cost and cash flow data than you currently have. Join Ed and Ron as they discuss the further loss of relevance of cost accounting to businesses everywhere.

Cost volume profit analysis is a form of cost accounting or managerial accounting, the idea being to break costs down by their behavior of variable costs and fixed costs, using this to create a contribution margin income statement, a much more flexible tool for projections The post 2100-Cost Accounting Cost Volume Profit Analysis appeared first on Accounting Instruction, Help, & How To (Financial & Managerial).

Jeff Osorio, Atari Manager of Financial Planning and Cost Accounting Jeff Osorio was Manager of Financial Planning and Cost Accounting at Atari from 1981 through 1984. He was responsible for establishing cost accounting and financial planning functions with a staff of 11 and an annual department budget of more than $1 million. This interview took place September 22, 2015. Teaser quotes: “The one that everybody is always interested in is E.T. And I actually have the distinction of having signed the scrap ticket to write them all off and run them through the crusher.” “He calls me on Monday morning in a panic, and he goes, ‘Jeffrey, where’s all my stuff? ... I’m at the warehouse and it’s empty. All the stuff is gone.’ ... A 100,000 square foot warehouse that was packed to the gunnels with manufacturing equipment on Friday, and on Monday morning it was empty.”

By its very nature, cost accounting is a historical function, but what is important for pricing are planned costs, not past costs. As Henry Ford pointed out, no one knows what a cost should be. Yet, cost accounting has held hegemony for far too long over the pricing strategies of businesses everywhere, embedding the conventional wisdom that costs determine price. Cost accounting does not deserve to be the apotheosis of pricing, let alone running a business. No doubt, it has its role in any organization, but that role is very specific and historical, not one that should have a major influence in production and pricing decisions.

By its very nature, cost accounting is a historical function, but what is important for pricing are planned costs, not past costs. As Henry Ford pointed out, no one knows what a cost should be. Yet, cost accounting has held hegemony for far too long over the pricing strategies of businesses everywhere, embedding the conventional wisdom that costs determine price. Cost accounting does not deserve to be the apotheosis of pricing, let alone running a business. No doubt, it has its role in any organization, but that role is very specific and historical, not one that should have a major influence in production and pricing decisions.

By its very nature, cost accounting is a historical function, but what is important for pricing are planned costs, not past costs. As Henry Ford pointed out, no one knows what a cost should be. Yet, cost accounting has held hegemony for far too long over the pricing strategies of businesses everywhere, embedding the conventional wisdom that costs determine price. Cost accounting does not deserve to be the apotheosis of pricing, let alone running a business. No doubt, it has its role in any organization, but that role is very specific and historical, not one that should have a major influence in production and pricing decisions.

Man-Dennenagement Accounting  

Rebecca explains why Lean Accounting is the better way to understand your business and improve decision-making.

https://www.youtube.com/watch?v=MdrlU1dSuFc Get the podcast on iTunes. Call the NINJA Hotline - (323) 834-9132 - and your question/comment will appear in a future edition of CPA Reviewed. Today's Podcast Giveaway: NINJA Audio Today's Email Questions: Emily - I just found out that I failed FAR for the second time. My scores were 73 and 64. I've passed the other parts, so I just need this one! I am wondering if you have any advice on how to take the test. I think the simulations are what have been giving me the most trouble. Anthony - Where is the best place to get CPE online? Randy - Where can I find study resources for Treasury Circular 230 on the REG exam? Anila - I passed Audit. Should I take FAR next or BEC? Ian - I am having trouble with Cost Accounting in BEC. I have the NINJA Notes, but I need some guidance in this area? Sherri - How do I prepare myself for the Written Communications portion of BEC? Spencer - I watched your video on the changes in AUD for 2013. Within the video you mention that changes go into effect on July 1, 2013. My questions is do changes for the other three sections go into effect on July 1, 2013, as well? Nicole - How many times should I rewrite the NINJA Notes as part of my studies? Rob - How long should I study for AUD? Is two months enough time? Ari - I have been studying for REG using 2011 materials. Will this hurt my chances of passing? Ankit - I am wondering if pursuing CPA after/along with my MBA would help my career? Do people generally pursue CPA after MBA or not? How can CPA help my career growth post MBA? Paul - Looking to the future - What career opportunities are available for a fresh CPA at 36 years old? And how do I help my family understand the time commitment the CPA Exam requires? I am single, but my family has such a hard time understanding when I say no to family gatherings. Teresa - I am taking the Audit Exam for the 2nd time and I think I need to brush up on my accounting skills. What do you suggest I do to have a quick review of general concepts? Should I grab an Intermediate or Financial Accounting book to skim over? Michael - I took FAR for my first time and failed. I studied a lot and I can't say I expected a passing score, but I expected I would do better than I did. Do you have any ideas for me on how to make sure I pass the next time?   Free NINJA CPA Review Materials   Want to Study Less & Get Higher CPA Exam Scores? Can I send you $162.12 of Free CPA Review Materials that will help you... Study Less Avoid Common CPA Candidate Mistakes Get Higher Scores Spend More Time with Friends and Family Finally Pass and Get On With Your Life?

Managerial Accounting - Dennen