Cost and Pricing Models: Creating an Effective Tool

Friday, January 17, 2025
Webcast or Webinar, Online
10:00AM - 12:00PM (opens at 9:30 AM) EST
2Credits
Accounting and Auditing

Registration is Open

Members
$79.00 Regular Price
Non-Members
$109.00 Regular Price

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$40.00 Members / $56.00 Non-Members
Course Type: Webcast
Course Code: 24/AC673581
Level: Intermediate
Vendor: ACPEN
Field of Study: Accounting

Overview:

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.  

Objectives:

  • Increasing profits
  • Build accurate costing models 

Major Topics:

  • 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

Major Topics:

  • 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

Designed For:

Corporate Financial Professionals and the Public Practice CPAs that advise them

Prerequisites:

Some cost accounting experience. Consider attending Advanced Cost Accounting afterwards.