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Sometimes Good Costing Information is Not Enough
I recently learned that one of my long-time manufacturing clients just closed their doors. This client was in a very mature manufacturing environment where his specialty was not subject to radical...
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Expect The Unexpected – Know Your Costs
I saw this adorable video on TV and now, it can be found all over the Internet. I wanted to find a way to share it, not just because I’m an animal lover, but because it relates to costing. Have you...
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Every Costing Problem Has A Solution
I recently met with an experienced cost accountant who offered significant insight. One particular statement which really made an impact was everything is a math problem to be solved. Have you ever...
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Are Your Costs Really Variable?
Recently I met with the CFO from a large manufacturing company and we were discussing some of the costing issues related to his company. In his case, the company was about to make a major shift in...
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Can QuickBooks Be Used For Cost Accounting?
I recently met with a new manufacturing client who, in a very short period, developed from a small start-up to a sizeable business. The owner credits their success to their work ethic and advanced...
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Testing Your Costing Data
When is the last time you took leftovers out of the fridge and conducted the ever so popular “smell test”? Believe it or not, we conduct the “smell test” on a daily basis. We may smell a baby to...
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The Role of The Cost Accountant
As a cost accountant, it is not uncommon to encounter individuals who are unfamiliar with cost accounting and what our profession entails. I hear “you must enjoy numbers” or “I bet you are great at...
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Industry Focus: Costing Accounting In the Food Processing Indsutry
During our most recent costing CPE, I became familiar with the various businesses of each our participants. As I have been teaching these courses for a number of years, I have discovered there are...
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Taking A Step In The Right Costing Direction
I few weeks ago, I spoke at a breakout session at the G400 accounting seminar in Denver. The G400 is the American Institute of CPAs’ annual conference offering a unique opportunity to network with peer...
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Role of A Cost Accountant
I recently spoke with a client concerning their cost accounting department. This particular organization was a manufacturer of automotive related products with a sophisticated cost system. The company...
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