Strategic Cost Analysis and Decision Making
Information for decision making
- Identify key financial and operational data
- Evaluate non-quantitative factors
- Learn how to take a balanced scorecard approach that meets the needs of multiple internal/external groups
- Discover techniques to assess outsourcing alternatives
- Use financial information in supporting pricing decisions
- Learn effective use of non-financial measures
Profit center analysis
- Analyze product line profitability
- Analyze customer profitability
- Use profit centers as management tools
- Assess organizational considerations
Direct costing
- Compare direct costing to full absorption
- Define and apply direct cost concepts
- Examine marginal income concepts and applications
- Link to activity-based cost management
Lean accounting
- Define the purpose and applications of lean accounting
- Analyze how you might apply the concepts of lean to your management information systems
- Explore lean accounting applications through examples
Activity-based cost management
- Identify significant activities that add value or drive cost
- Learn how standards are used in today’s lean and ABC environments
A proactive approach to flexible budgeting
- Understanding the value of an operations approach to budgeting
- Building a budget on a direct cost basis
- Developing a budget that can flex for analyzing actual results
Capital expenditure proposals
- Importance and theory of capital budgeting
- Methods of evaluating projects
- Net present value
- Discounted cash flow
- Payback - Working with project sponsors
Schedule
Evening before course — 5:30 – 7:30 p.m. Optional dinner for those arriving early
Day 1 — 8:30 – 4:30 p.m. Session
Day 2 — 8:30 – 4:30 p.m. Session
The University of Wisconsin–Madison, as a member of the University Continuing Education Association (UCEA), authorizes this course for 1.4 Continuing Education Units (CEUs) or 14 hours.
gsrenaski@exed.wisc.edu