Cost and Pricing Models: Creating an Effective Tool
Total Credits: 2 including 2 Accounting - Technical
- Average Rating:
- 115
- Categories:
- ACPEN Industry Institute | Industry | Accounting and Auditing
- Speaker:
- John L. Daly, MBA, CPA, CMA, CPIM
- Course Levels:
- Intermediate
- Duration:
- 2 Hours
Description
If sales increase, so should profits. Yet, the opposite result often leaves executives scratching their heads. When organizations work with inferior cost information, they make mistakes in four specific situations. Bad information causes sellers to overprice easy, high-volume work and underprice difficult, low-volume work.
This session discusses how to use activity-based costing data to build accurate costing models that consider far more than just the labor and materials necessary to provide goods and services.
Basic Course Information
Learning Objectives- Increasing profits
- Build accurate costing models
Major Subjects
- Building computer costing models & sub models
- The importance of volume sensitive models
- Your twelve most important indirect costs
- Using rate tables
- Modeling – Professional Services Job Costs
- Modeling – Repetitive Manufacturing
- Why return on sales may be an inferior way to plan for profit
Course Materials
| Important CPE Credit Instructions_READ BEFORE WEBCAST UPDATED (442.7 KB) | Available after Purchase | ||
| GLM Quote Revised for 2022 (82 KB) | Available after Purchase | ||
| Gale Quote Revised for 2022 (125 KB) | Available after Purchase | ||
| modeling_slides (4 MB) | Available after Purchase | ||
| Q&A (12.4 KB) | Available after Purchase | ||
Speaker
John L. Daly, MBA, CPA, CMA, CPIM Related Seminars and Products
John L. Daly, MBA, CPA, CMA, CPIM, is a Chelsea, Michigan-based management consultant specializing in costing, pricing strategy and pricing model development. He has taught continuing professional education courses since 1995 and began doing ethics seminars two weeks before the Enron scandal. John has been CFO for a Tier 1 automotive parts supplier and a large restaurant chain and COO for a window treatments manufacturer and retailer. He is the author of "Pricing for Profitability", published by Wiley and Sons and a novel, "Tool & Die".
Additional Info
Basic Course Information
Prerequisites Some cost accounting experience. Consider attending Advanced Cost Accounting afterwards.Advanced Preparation None
Designed For Corporate Financial Professionals and the Public Practice CPAs that advise them
Original Recording Date 01/06/2022
Yellow Book No
Course Developer Executive Education, Inc.
Date Added to Catalog 11/25/2021
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.
Promo Video
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