Does your cost accounting system measure up?
Do you understand the true focus of resources? The benefits provided? And
who is truly benefiting from those resources?
The objective of this interactive session is to go through ways of
identifying weaknesses in your current cost accounting practices that my
hide problems and opportunities to more effectively price your processes and
products.
Many finance professionals are primarily focused on external reporting and
regulatory requirements (both in their training and functional role). Often
a company’s cost accounting system is dominated by back room allocation
models that focus on ease of implementation and predictability, but do
little to help managers understand the true cost of processes they support
and who their customers are. This session will introduce some key questions
you can ask to identify ways to help drive the evolution of your cost
accounting practices to more accurately value processes and products.
Learning Objectives:
Attendees will be armed with examples and questions they can use to identify
weaknesses in their product and process costing analyses. These insights can
be helpful to teams trying to quantify the financial benefits of lean
manufacturing strategies.
Steven Cray
Steven Cray is Associate Director of Supplier Relationship Management on
the Global Supply Chain Team at Shire Pharmaceuticals. While he started his
career as a CPA focused on mid sized manufacturing clients, he received his
CPIM certification in 1994 and has 20+ years experience in implementing ERP
and resource management strategies in service and manufacturing
environments. He has also held various professional organization leadership
roles and been a featured speaker at Amercas’ SAP User Group (ASUG) and
Institute of Management Accounting (IMA) events. He recently led an ASUG
team of member CIO’s and volunteers in a program to identify measures for
Informational Technology ROI. A veteran of implementation efforts at all
levels of the organization he introduced a workshop for finance / shop floor
improvement teams “Funding Ideas That Improve The Bottom Line” that
developed their skills for identifying and obtaining funding for cost saving
proposals.
