Clik here to view.
Wrestling and Costing?
I have spent many hours at wrestling tournaments over the last four months with my seven year old son, Mike. He is still too young to know about all of the “cheating” that goes on in the wrestling...
View ArticleClik here to view.
Current Cost Information
I recently attended a meeting with a group of accountants that are specialist in manufacturing. The purpose of the meeting was to review common practices, look for opportunities to serve clients within...
View ArticleClik here to view.
Are Book Smarts Enough When it Comes To Cost Accounting?
I have noticed lately on LinkedIn that a lot of accountants are adding “Cost Accounting” as their area of expertise. Not to single out anyone in particular, but there are many accountants that I know...
View ArticleClik here to view.
Fully Loaded
Since this post is right after Thanksgiving with the title Fully Loaded I’m sure many of you are still stuffed from all of the good food I trust you had over Thanksgiving, and hoping this isn’t about...
View ArticleClik here to view.
The Flaws of Averages: How Not To Model Your Cost System
I was in a meeting last week with a potential costing client when I heard a saying that I had never come across before: “have you ever heard the story of the army that drowned in a river that was an...
View ArticleClik here to view.
Marginal Costing & Its Application
Recently I was talking to a CFO concerning costing methods that might work in his manufacturing plan. We talked about a number of systems and he brought up marginal costing. This CFO was relatively...
View ArticleClik here to view.
Same Problems, a New Year!
Finance executives were asked to rank in order of importance their top priorities for 2014. There were five different categories with several details within each category. The first two categories,...
View ArticleClik here to view.
Same As Last Year (SALY) Creeping Up Again?
I was talking to a CEO the other day who was talking about his machined controlled environment that uses labor to apply overhead. I imagine if I only gave you one guess you could probably guess as to...
View ArticleClik here to view.
What a Markup!
I had the expensive privilege of going to Chicago for the weekend. I have been before several times – it is a fun and beautiful city! I think I had tourist sucker written all over me though with the...
View ArticleClik here to view.
Profit Give Back
I recently met with one of my manufacturing clients related to a request that was made by one of their customers to enter a program of annual cost givebacks, in this case over a three year period. The...
View Article
