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Society of Cost Management Guide for Cost Management Self-Study
www.costmgmt.org
Justification Topics Expanded Topics Program Society of Cost Management Educational Partners Becoming a Society of Cost Management Educational Partner
Society of Cost Management Guide for Cost Management Self-Study
www.costmgmt.org
Justification
The Society of Cost Management has identified a great disparity between the average content of a Cost or Management Accounting
course and the level of competency the average professional should posess.
Textbook focus, whether they be Cost Accounting, Management Accounting, or Cost Management, tend to focus on the theoretical
and ignore the practical. For example, most textbooks focus on Activity Based Costing, but in reality very few businesses use ABC.
Although SCM encourages the use of advanced costing techniques, like ABC, the Cost Accountant must be able to come into a
business and be able to understand what is going on now, and in most cases that is standard costing. Standard costing is considered
obsolete by academicians and is often not presented at all or superficially.
The Society of Cost Management presents this Self-Study Guide as a means of brushing up or learning new skills. The topics are
presented from basic required skills through those required to take the profession to a new level.
Topic Presentation: Topics have been segregated into five categories, it explains why the topic is important and sources of
information that are freely available on the internet, or from the bookstore of the Society of Cost Management.
Prerequisites – These are non-Cost Management related areas that are significant to understanding how the economy works,
and a basic introduction of accounting and statistics.
Professional Competencies – Competencies which are critical to the Cost Management professional working in relation to other
disciplines; working in teams; and essential PC and data analysis skills
Proficiencies Needed To Achieve a Basic Level of Competence – Beginning with the history of Cost Accounting, and continuing
through other Management Accounting skills that any practitioner should be able to apply in their daily work, CVP and
differential analysis; Indirect Cost; Direct Cost; Activity Based Costing/Activity Based Management; Performance Management;
Inventory Management and Valuation; International Topics (Risk, Costing, International Measures, and Purchasing Power Parity);
Financial Mathematics; Capital Budgeting/Capital Investment Analysis; Revenue Recognition; Profit Planning; Michael Porter and
Value Chain Analysis, and; International Topics (Transfer Pricing).
Optional Areas of Proficiency – These are skills that are more specific in nature; Supply Chain Costing; Cost of Quality, Lean Cost
Management, and Throughput Accounting.
Proficiencies Needed To Take Us To the Next Level – These are the skills which should propel us to the next level of competency;
Value Cost Management; Capacity Management; Product Life Cycle Costing, and; Beyond Budgeting.
Society of Cost Management Guide for Cost Management Self-Study
www.costmgmt.org
Prerequisites
Basic Statistics including the Pareto distribution
Micro and Macro Economics
Industrial Economics
Basic Accounting
Incentive Management
Professional Competencies
Working In Teams PC Skills, including advanced MS Office Data analysis and Presentation Skills
Proficiencies Needed To Achieve a Basic Level of Competence
History of Cost Accounting – Cost Accounting came to life in the early 1900’s from the works of industrial engineers interested in trying to figure out the cost of products they were manufacturing. As businesses and information have evolved, the writings of these early pioneers, such as Alexander Hamilton Church, gain even more relevance. Operations Cost Management – Costing concepts were developed due to the needs of manufacturing. Students of cost must have an understanding of how cost was developed, including Bill of Materials and Routes. Why would a business would use actual costing or standard costing and process or job costing? CVP Analysis/Contribution Margin/Marginal Costing - Contribution Margin and Contribution Margin Ratio, Contribution Ratio Income Statement. Differential Analysis - Make/buy decisions, optimizing sales mix, special order, etc. Indirect Cost (Full Absorption Costing/Variable Costing) - Full Absorption Costing is required under GAAP/Variable Costing is required under IFRS. Direct Cost (Standard Cost/Actual Cost) – In many of the texts, standard cost is no longer considered relevant and has been replaced by Activity Based Costing. In reality, standard cost (for direct cost) and ABC (indirect cost) have different purposes. Standard cost is still being used by approximately 80% of manufacturing businesses. Overhead allocation using one or a small number of cost pools. Includes allocating costs for shared services, joint costs and by-products. Activity Based Costing/Activity Based Management – Understand the basic principles and application of Activity Based Costing techniques Performance Management (includes Balanced Scorecard and Six Sigma) – In today’s business environment, the new paradigm of cost management professional requires a good understanding on the principles of the Balanced Scorecard, Six Sigma, and Activity Based Management. Inventory Management and Valuation – the responsibilities of cost accountants include accurate inventory valuation with all its implications. Managing the correct amount of physical inventory, includes cycle counting, taking physical inventories, book to physical reconciliation, maintaining reserves, safety stock calculation, inventory carrying costs (investments), ABC analysis or Pareto's Law and Inventory Management Models. Valueing inventory, lower of cost or market.
Society of Cost Management Guide for Cost Management Self-Study
www.costmgmt.org
International Topics (Risk, Costing, International Measures, and Purchasing Power Parity) – many businesses today conduct business globally, and the impact of risk, costing, international measures. Financial Mathematics – The time value of money, foreign currency investments, cost of capital. Capital Budgeting/Capital Investment Analysis - Analyzing Capital Budgeting projects. Revenue Recognition - Understanding the principle of revenue recognition, that revenues are recognized when they are realized. Profit Planning (Budgeting/Pricing) - a financial plan and a list of all planned expenses and revenues Michael Porter and Value Chain Analysis - Applying Porter's five forces and value chain analysis to cost management. International Topics (Transfer Pricing)
Optional Areas of Proficiency
Quality Cost - How much does quality cost in waste, scrap, etc. Supply Chain Costing/Target Costing - Understanding and computing the costs associated with the supply chain, including suppliers, freight, and taxation. W. Edwards Deming/Lean Cost Management - Demings revolutionized quality and is the basis of the Toyota method. Theory of Constraints /Throughput Accounting - Based on Goldratts Theory of Constraints.
Proficiencies Needed To Take Us To the Next Level
Value Based Cost Management – The hottest topic in business today needs to be part of the cost management profile. Applying EVA to Cost Management Capacity Management – Capacity and its cost are essential to understanding the cost of a business. Cost Management is already headed this way. Product Life Cycle Costing – It is important to understand product cost from inception throughout the product life cycle. Beyond Budgeting - Budgeting techniques are no longer appropriate as a planning tool, learn the Beyond Budgeting techniques.
To make suggestions or to report broken links, email us at [email protected]
Society of Cost Management Guide for Cost Management Self-Study
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Prerequisites
Basic Statistics, including the pareto distribute From the Bookstore Videos Available on the Internet:
Dr. Arsham's Statistics Site Other Sources: The Pareto Distribution by SCM Better Explained - Understanding the Pareto Principle Back to Top Micro and Macro Economics: From the Bookstore Videos Available on the Internet:
MBA - Managerial Economics 01 by Krassimir Petrov Back to Top Industrial Economics From the Bookstore
A New Approach to Industrial Economics by James F. Lincoln Back to top Basic Accounting From the Bookstore: Back to Top Incentive Management, as practiced at Lincoln Electric From the Bookstore Incentive Management by James F. Lincoln Videos
Richard Koch on the 80 / 20 Principle Chris Anderson - Introducing The Long Tail Juran's Pareto Principle by Juran Institute Statistics at the Khan Academy Statistics at Snarr Institute
MIT Open Courseware 14-01sc-principles-of-microeconomics Khan Academy MicroEconomics Micro Economics for Manages - Complete Video Course.mp4 by Richard McKenzie Snarr Institute Principles of MacroEconomics
Society of Cost Management Guide for Cost Management Self-Study
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Performance Incentives Gone Astray by Cost Matters Other Sources: Incentive Management by SCM Values and Ethics: From Inception to Practice (2008). This SMA identifies the issues that are driving the increased attention to ethical conduct and how they impact risk management and internal controls. It explains the steps required for organizations to clarify, define, and develop their values and create their codes of ethical conduct. Back to Top
Professional Competencies
Working in Teams From the Bookstore Videos from the Internet: Working In Teams by TonyBurkeWestminster How to Conduct A Meeting: Full Meeting by Adam Smith College Other Teams & Teamwork by MAAW Managing Cross Functional Teams (1994). Organizations today are challenged to be faster, more reliable, more responsive, etc. Traditional organizational structures often have problems in meeting the challenge. Cross-functional teams increasingly are being used to solve problems and improve operations. This guideline can assist the management accountant and the other members of the team. Back to Top PC Skills, including advanced MS Office From the Bookstore: Back to Top Data Analysis and Presentation Skiills From the Bookstore Videos How to Use Excel for Data Analysis and Reports Webinar by APIAHF Sacrifice Precision for Relevance and Accuracy by Cost Matters Driving by Looking in the Rearview Mirror by Cost Matters Spreadsheets Running Amuck by Cost Matters Big Data by Performance Management Edge Killer Presentation Skills by J. Douglas Jeffries BEYOND PowerPoint by Shamblesguru Smith Introducing Beyond Bullet Points by BeyondBulletPoints Using the Beyond Bullet Points Story Template by Susan Joy Schleef Business Communication - Money Talks! by Cost Matters How to Use Excel for Data Analysis and Reports Webinar by APIAHF Sacrifice Precision for Relevance and Accuracy by Cost Matters
Society of Cost Management Guide for Cost Management Self-Study
www.costmgmt.org
Driving by Looking in the Rearview Mirror by Cost Matters Spreadsheets Running Amuck by Cost Matters Big Data by Performance Management Edge Killer Presentation Skills by J. Douglas Jeffries BEYOND PowerPoint by Shamblesguru Smith Introducing Beyond Bullet Points by BeyondBulletPoints Using the Beyond Bullet Points Story Template by Susan Joy Schleef Business Communication - Money Talks! by Cost Matters Ditch the Flipcharts by Cost Matters What is Data Analysis byJoel H. Levine Responsible Conduct in Data Management - Data Analysis What Statistical Analysis Should I Use? by Institute for Digital Research and Education at UCLA How to Improve Your Presentation Skills by Sarah Kessler Other Sources What is Data Analysis byJoel H. Levine Responsible Conduct in Data Management - Data Analysis What Statistical Analysis Should I Use? by Institute for Digital Research and Education at UCLA How to Improve Your Presentation Skills by Sarah Kessler Developing Comprehensive Competitive Intelligence (1996). This guideline focuses primarily on competitor analysis and synthesizing that analysis into competitive intelligence. Firms today realize they cannot increase growth and profitability without a strong understanding of every aspect of competitors' business and activities. Customer Profitability by MAAW Back to Top
Proficiencies Needed To Achieve a Basic Level of Competence
History of Cost Accounting From the Bookstore Other Sources History of Cost Accounting by SCM 200 Years of Accounting History Dates and Events from MAAW The Tragedy of Waste by Bob Emiliani History Development by MAAW Back to Top Operations Cost Management From the SCM Booksstore: Videos: Cost Behavior: Variable costs versus Fixed Costs - Accounting video by Brian Routh Cost of Goods Manufactured, Cost of Goods Sold; Product versus Period costs - Accounting video by Brian Routh Gross Profit Income Statement by Brian Routh Chap 20 Lecture: Job Order Costing by OruAccounting Process Costing Part 1 - Managerial Accounting by Tony Bell Process Costing Part 2 - Managerial Accounting by Tony Bell
Society of Cost Management Guide for Cost Management Self-Study
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Process Costing Part 3 - Managerial Accounting by Tony Bell Product Cost: What Is The Real Cost? by Cost Matters Fixed and Variable Costs -- The Dilemma by Cost Matters Financial Reporting versus Costing: Which is Right? by Cost Matters Production Control: Nothing So Useless? by Cost Matters Integrating Management Initiatives by Cost Matters When Could Do Is Not Should Do by Cost Matters Dont Wait for a Crisis to Manage Costs by Cost Matters Cost Consciousness Part 3A by Performance Management Edge Critical Principles Part 3B by Performance Management Edge Cost Consciousness Part 4 by Performance Management Edge Cost Consciousness and Value Adding by Performance Management Edge Critical Principles For Cost Systems by Performance Management Edge Product Cost: What Is The Real Cost? by Cost Matters Fixed and Variable Costs -- The Dilemma by Cost Matters Financial Reporting versus Costing: Which is Right? by Cost Matters Production Control: Nothing So Useless? by Cost Matters Integrating Management Initiatives by Cost Matters When Could Do Is Not Should Do by Cost Matters Dont Wait for a Crisis to Manage Costs by Cost Matters Cost Consciousness Part 3A by Performance Management Edge Critical Principles Part 3B by Performance Management Edge Cost Consciousness Part 4 by Performance Management Edge Cost Consciousness and Value Adding by Performance Management Edge Critical Principles For Cost Systems by Performance Management Edge Cost Consciousness by Performance Management Edge Other Sources Operations Cost Management by SCM Job Order Costing by MAAW Process Costing by MAAW Manufacturing Accounting by MAAW Back to Top CVP Analysis/Contribution Margin/Marginal Costing From the Bookstore: Videos Marginal Costing Breakeven Analysis by zakirampl 8.1 - Marginal Cost by Richard McKenzie Other Sources Contribution Margin & Direct Costing by MAAW Cost Volume Profit Analysis by MAAW Back to Top BreakEven Analysis
Society of Cost Management Guide for Cost Management Self-Study
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From the Bookstore: Videos: Gross Margin: A Concept Not So Gross by Cost Matters The Hidden Trap of Marginal Costing by Cost Matters Beware Unit Cost Traps by CostMatters They Said Breakeven Analysis was Simple – Not by Cost Matters Other Sources Cost Volume Profit Analysis by MAAW Contribution Margin and Direct Costing by MAAW Back to Top Differential Analysis From the Bookstore Videos Decision Making & Relevant Information: Relevance - Accounting video by Brian Routh TheAccountingDr Decision Making & Relevant Information: One-Time Special Orders - Accounting video by Brian Routh TheAccountingDr Decision Making and Relevant Information: Make-or-Buy, Part 1 - Accounting Video by Brian Routh TheAccounting Dr Decision Making & Relevant Information: Make-or-Buy, Part 2 - Accounting video by Brian Routh TheAccountingDr Product Cost: What Is The Real Cost? by Cost Matters Other Sources Outsourcing & Make Versus Buy Decisions Back to Top Indirect Cost From the Bookstore: Videos Management Accounting 15 Variable/Absorption Costing by St. Louis Test Prep Management Accounting 15A Variable vs. Absorption Costing by St. Louis Test Prep Three Cost Allocation Myths by Cost Matters Fake Cost Drivers for Administrative Overhead by Cost Matters Overhead Absorption: Nothing So Useless? by Cost Matters Standard Cost: Setting Overhead Cost Standards by Cost Matters Simple Rules for Cost Allocation by Cost Matters Back to Overhead Allocation? by Cost Matters The Problem With Absorption Costing by Cost Matters Critical Principles Part 2 and Frustration with Shared Services by Performance Management Edge The Vicious Circle of Cross-Subsidization by Performance Management Edge Other Sources Variable vs. Absorption Costing by Accounting for Management Absorption Costing by MAAW Overhead by MAAW
Society of Cost Management Guide for Cost Management Self-Study
www.costmgmt.org
Cost Allocation Including Depreciation by MAAW Managing Overhead Costs by Managers-Net Cash Flow Still Not Working by CFO Joint & By Products by MAAW Back to Top Direct Cost (Actual & Standard Cost) From our Bookstore Other Sources Contribution Margin and Direct Costing by MAAW Job Order Costing by MAAW Process Costing by MAAW Standard Costing by MAAW Back to Top Activity Based Costing/Activity Based Management From the Bookstore Videos In Summa - Jeroen Bijleveld over TDABC by InvSummaBV Ch. 17 ABC costing by mattfisher64 Activity-Based Cost: More Than Numbers by CostMatters Activity-Based Cost: Three Reasons To Avoid It by CostMatters Defining Business Activities for Activity-Based Cost by Cost Matters Sensitivity Training for Activities Part 1 by Cost Matters Sensitivity Training for Activities: Part 2 by Cost Matters The Activity Dilemma in ABC: Conflict Between Process and Task by Cost Matters Non Value-Adding Activities -- A Great Concept Comes With Hurdles by Cost Matters Activity-Based Cost: - Blocking and Tackling First by Cost Matters Activity-Based Costing -- Not For Financial Reporting! by Cost Matters Drivers in Budgeting and ABC for Service by Performance Management Edge How People Learn and Activity Drivers in Service Business by Performance Management Edge Other Sources Activity Based Costing by MAAW Activity Based Management by MAAW Adding Time to Activity Based Costing by Sarah Jane Gilbert Good Decisions Require Good Models By Douglas Hicks Implementing Activity-Based Costing (2006). Activity-based costing is a concept that can be used to correct the shortcomings inherent in the over-generalized cost systems of the past. It is a means of directing costs to the products and services responsible for the incurrence of those costs. The guideline provides an overview of ABC systems and an understanding of the roles played by management accountants in design and implementation. Implementing Activity-Based Management: Avoiding the Pitfalls (1998). This Statement on Management Accounting (SMA) is addressed to management accountants and others who may lead or participate in efforts to implement ABM management in their organizations. It supplements the Institute of Management Accountants’ “Implementing Activity-Based Costing,” SMA
Society of Cost Management Guide for Cost Management Self-Study
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which describes the basic ABC implementation process. From 1993 until today, the emphasis has shifted from ABC to ABM, or the use of ABC information to manage and improve process performance. Tools and Techniques for Implementing ABC/ABM (1998) Gaining the full benefits of ABCM is achieved by properly assessing, designing, and implementing the underlying data collection and analysis system. The focus of this Statement is on core tools and techniques needed for successful ABCM implementations. Back to Top Performance Improvement (including Balanced Scorecard & Six Sigma) From the Bookstore Videos Balanced Scorecard – Introduction by Tony Bell Robert Kaplan - Balance Scorecard by ManagemenTV Business Modeling: Should It Be Precise, Accurate, Or Relevant? by Cost Matters Which Comes First - A Tool or the Mangement Process by Cost Matters Dynamic Business Modeling for Management Decision Making by Cost Matters Strategic Business Modeling: Part 1 by Cost Matters Strategic Business Modeling: Part 2 by Cost Matters Cost Management: Measure, Mark, & Cut for Management Decisions by Cost Matters Survival Guide for Management Initiatives by Cost Matters Who Keeps Moving My Cheese? by Cost Matters Unravel Customer From Product Relationships by Cost Matters Other Sources Performance Management Systems by MAAW Balanced Scorecard by MAAW
Benchmarking by MAAW Performance Measures by MAAW Continuous Improvement by MAAW Effective Benchmarking (1995). Benchmarking involves evaluating the other company's business process in order to incorporate best practices for improving performance and gaining a competitive advantage. This guideline describes tools and techniques that improve the effectiveness of benchmarking studies, with special emphasis on their practical applications. Tools and Techniques for Implementing Integrated Performance Management Systems (1998). This Statement describes methods that can facilitate implementation efforts, cites some common key performance indicators to guide the process, and highlights some common pitfalls. Implementing Process Management for Improving Products and Services (2000). This study is intended to help an organization adopt a process orientation and achieve the performance improvements this initiative can provide. Process management helps an organization rethink their structure and flow of the work that comprises or supports the creation of customer value, focusing efforts and resources that have the greatest impact on process performance. Back to Top Inventory Management and Valuation From the Bookstore Videos 8 - Inventory by Larry Walther 17 -- Categories of Inventory for Manufacturers and Related Financial Statement Implications by Larry Walther
Society of Cost Management Guide for Cost Management Self-Study
www.costmgmt.org
Inventory Management - An Introduction by Rob O'Byrne Cycle Counting for Storerooms by Life Cycle Engineering Cycle Count and Physical Inventory Management by mobileonein Other Sources Inventory Valuation Slideshow by SCM Inventory Accuracy Slideshow by SCM Inventory Valuation Methods Slideshow by SCM Inventory Related by MAAW www.apics.org Back to Top International Topics (Risk, Costing, International Measures, and Purchasing Power Parity) From the Bookstore Videos 15: PURCHASING POWER PARITY by InformedTrades Economics: Purchasing Power Parity by Mindbitesdotcom Absolute Purchasing Power Parity by Friendly Finance Relative Purchasing Power Parity by Friendly Finance Other Sources Purchasing Power Parity Slideshow by SCM Global Risk by SCM Global Reporting by SCM International Accounting and Management by MAAW Back to Top Financial Mathematics From the Bookstore Videos 3.6 Mathematics of Finance Part 1 by Jorge Reyes 3.6 - Mathematics of Finance - Part 2 by Jorge Reyes Back to Top Capital Budgeting/Capital Investment Analysis From the Bookstore Videos Capital Budgeting Playlist by Kevin Bracker Other Sources Capital Budgeting by MAAW Back to Top
Society of Cost Management Guide for Cost Management Self-Study
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Revenue Recognition From the Bookstore Videos Revenue Recognition Primer, Regulatory Update and Best Practices Webinar by Proformative IFRS Summit 2010: Revenue Recognition by DeLoitte LLP Managing revenues—during a recession and after By Jamie McDonald and Craig Mahoney, MD Back to Top Profit Planning From the Bookstore Videos Management & Cost Accounting (Budgeting & Variance Analysis) - Ephraim Sudit Management Product & Pricing Decisions, by Brian Routh Budgeting: A Bad Practice With Poor Results by Cost Matters Forecast Accuracy: Is Forecast Variability To Blame Or To Be Exploited? by Cost Matters Budgeting for Standard Costs: Why Bother? by Cost Matters Forecast Accuracy: Is Forecast Variability To Blame Or To Be Exploited? by Cost Matters Budgeting: A Bad Practice With Poor Results by Cost Matters Predicting The Future by Performance Management Edge Budgeting: From General Motors To Now and Resource Drivers in Service Business by Performance Management Edge Short Cycle Budgeting and Business Performance Measures by Performance Management Edge Rolling Forecasts Versus Budgets by Performance Management Edge Other Sources Budgeting and Beyond by MAAW Pricing Decisions by MAAW Customer Profitability Management (2010). Customer profitability management (CPM) is a strategy-linked approach to identifying the relative profitability of different customers or customer segments. This SMA provides a framework for implementing CPM through the measurement of customer profitability. Armed with this information, managers can focus on long-term customer profitability, devising strategies that add value to most-profitable customers, make less-profitable customers more profitable, and reduce or eliminate the erosion of profit by unprofitable customers, thereby increasing shareholder value. Back to Top Michael Porter and Value Chain Analysis From the Bookstore Videos Value Chain Analysis by University of Kent Value Chain Analysis by Dennis Adams Michael Porter - Five forces - by HBR Other Sources Value Chain by MAAW
Society of Cost Management Guide for Cost Management Self-Study
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Implementing Integrated Supply Chain Management for Competitive Advantage (1999). Provides an overview of Integrated Supply Chain Management (ISCM). In addition to developing a framework for planning and managing the implementation of ISCM, this study creates a cost and performance measurement system to effectively control the activities of the supply chain. Value Chain Analysis for Assessing Competitive Advantage (1996). Competitive advantage for a company means not just matching or surpassing what competitors can do but discovering what customers want and then profitably satisfying, and even exceeding, their expectations. Value chain analysis is a strategic tool to measure the importance of the customer's perceived value. This Statement is a guideline for understanding and using the value chain approach for assessing competitive advantage. Back to Top International Topics (Transfer Pricing), From the Bookstore Videos Transfer Pricing White Board Series by Moss Adams LLP Moss Adams Webcast - Transfer Pricing Basics by MossAdamsLLP Other Sources Transfer Pricing by SCM Transfer Pricing by MAAW Back to Top
Optional Areas of Proficiency Quality Cost From the Bookstore Videos Part 5 Target Costing by Brian Maskell F5 Lecture 3 - Target Costing by mapitaccountancy Leading Supply Chain Strategies -- From Cost Centre to Competitive Advantage by mdamGRA Back to Top Supply Chain/Target Costing Videos Target Cost for Services by Performance Management Edge Employee Commitment and Target Costing for Services by Performance Management Edge Target Cost and Measuring Performance Initiative Success by Performance Management Edge Other Sources Target Costing by MAAW Council of Supply Chain Management Professionals Tools and Techniques for Implementing Target Costing (1998). Driven by the voice of the customer to better understand what product and service attributes are needed, target costing becomes the means to long-term growth attained by doing what the customer wants, better and faster than the competition.
Society of Cost Management Guide for Cost Management Self-Study
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Implementing Target Costing (1999). The Statement provides a concise introduction to target costing and describes the steps required to implement the concept. It is designed to help make the management accountant a key contributor to the application of target costing to the firm's managerial process. Managing the Total Costs of Global Supply Chains (2008). This Statement will help management accountants and others improve their understanding and the rationale for developing complete and accurate costing to support their companies and management in the improvement of supply chain performance, and in managing the inherent risks of sourcing and selling across borders and internationally. Tools and Techniques for Implementing Integrated Supply Chain Management (1999). Contains specific tools and techniques and discusses methods for implementing Integrated Supply Chain Management. This Statement provides supply chain effectiveness metric indicators with examples from specific companies. Logistics & Distribution Costs by MAAW Back to Top W. Edwards Deming/Lean Cost Management From the Bookstore Videos W. Edwards Deming - Part 1 by Murphicus W. Edwards Deming - Part 2 by Murphicus W. Edwards Deming - Part 3 by Murphicus Part 1: Introduction & Lean Performance Measurments by Brian Maskell Part 2: Value Stream Accounting by Brian Maskell Part 3: Decision Making Without Product/Service Cost by Brian Maskell Part 4: Accounting Simplification & Transaction Elimination Other Sources W. Edwards Deming's Theory of Management by MAAW Lean Accounting and Lean Concepts by MAAW Lean Accounting by Brian H. Maskell, President, BMA, Inc. from SCM blog Accounting for the Lean Enterprise: Major Changes to the Accounting Paradigm. As companies employing lean principles restructure their organization from functional specialties to process-focused business units, accounting services must also readdress the content and form of the information provided. This SMA focuses on the information necessary for value stream management, product family view of costs, budgets and financial planning, and transaction elimination. Lean Enterprise Fundamentals (2006). An increasing number of companies are employing lean concepts in order to produce and deliver products and services to its customers. The objective of this SMA is to help financial professionals comprehend the underlying principles of lean processes and to broaden awareness of the impact of lean on management information. Just-In-Time & Lean Enterprise by MAAW Lean Accounting by MAAW Back to Top Theory of Constraints/Throughput Accounting From the Bookstore Videos What is TOC - Eli Goldratt - www.toc.co.uk by JohnVTripp Theory of Constraints by sixsigmamoneybelt FINANCE AND MEASUREMENTS T,I & OE and Throughput Accounting by Learning TOC
Society of Cost Management Guide for Cost Management Self-Study
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Jobs Lose Mondy? Theory of Constraints Throughput Accounting by Dr. Lisa Lang TOC by MAAW Discussion with Etienne du Plooy about Throughput Accounting from SCM blog Measuring and Improving Throughput by Supply Chain Report The Shortcomings (and Dangers) of Direct Labor Based Costing at Manufacturers by Douglas Hicks Theory of Constraints (TOC) Management Systems Fundamentals (1999). This Statement presents the process of designing a TOC management system that is compatible with other key cost management initiatives of the firm. Back to Top
Proficiencies Needed To Take Us To the Next Level
Value Based Cost Management From the Bookstore Videos [MVA] Market Value Added & [EVA] Economic Value Added by Rodrigo Zaroni GFM63 - Economic value added or EVA. (Part 1) by Campbell Harvey GFM64 - Economic value added or EVA. (Part 2) by Campbell Harvey Management Accounting 24: Economic Value Added, ROI and ROE by St Louis Test Prep Other Sources Value & Valuation by MAAW Lawrence D. Miles Value Foundation Measuring and Managing Shareholder Value Creation (1997). Corporate executives are under increasing pressure from investors to demonstrate that they are creating shareholder value. Both accounting-based earnings and return measures are perceived as having shortcomings in that respect. This Statement places the shareholder at the focal point of economic activities within the firm and compares and contrasts various measures that purport to quantify management's shareholder-value-creation abilities. Back to Top Capacity Management From the Bookstore Other Sources Capacity Accounting by MAAW Capacity Related by MAAW Back to Top Product Life Cycle Costing From the Bookstore Videos F5 Full Lecture 2 - Life-Cycle Costing by mapita accountantcy Product Life-Cycle, Marginal Costing & Break Even Analysis by Jishnu Chatterjee Other Sources Product Life Cycle Management by MAAW
Society of Cost Management Guide for Cost Management Self-Study
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Back to Top Beyond Budgeting From the Bookstore Videos Beyond Budgeting Round Table Conference Highlights - 2010 by ThePlayerGroup Death of the Budget? by businessfinancemag Beyond Budgeting and Prediction Markets by mlabvideo Other Sources Beyond Budgeting RoundTable Budgeting & Beyond Budgeting by MAAW Back to Top
Society of Cost Management Guide for Cost Management Self-Study
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Society of Cost Management Educational Partners
Business Expert Press
Excel University
IASeminars
THE SOCIETY OF COST MANAGEMENT IN A STRATEGIC PARTNERSHIP WITH IASEMINARS & A SPECIAL MEMBERSHIP OFFER: IASeminars is a leading global training organization specializing in
accounting and finance education. As a strategic partner of the Society, all SCM members can enjoy a 10% discount on any Measuring Cost and Profitability (Managerial Accounting) course or any other offering from
IASeminars. Just visit http://www.iaseminars.com/courses and use the promo code SCM10 to take advantage of the discounted rate.
Society of Cost Management Guide for Cost Management Self-Study
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Becoming an educational partner of the Society of Cost Management
Information for an education/training business to establish a partnership with the Society of Cost
Management.
1. Send an email to [email protected], with the following information:
Course Title
Instructors Name and short bio
Course Description
The category from those below that most closely relates to this program.
Cost (excluding taxes).
A typical arrangement for education partners of the Society of Cost Management, would be to offer
members of SCM a 10% discount if the course is purchased through the SCM site. SCM would then
receive an additional 10% of the cost .
