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The Tale of Two Systems: Part Two
As the conversation continued, I offered overview assistance and continued to discuss how it may benefit their current situation. I explained the various options to be made and in my experience those...
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Blog Series: The Components of a Successful Job Costing Model
All internal job costing systems are made up of a series of interrelated components that are fundamental to the accuracy and timeliness of the job costing model. We have seen numerous costing systems...
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The Components of a Successful Job Costing Model: Part Three – Choosing the...
Whenever cost managers are faced with the decision related to how to allocate overhead cost to production, they have a number of choices related to how those costs are best allocated to production and...
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The Components of a Successful Job Costing Model: Part Five – Reconciliation
No manufacturing costing system can be complete, accurate and reliable without reconciling the results of the costing system to the control numbers, or the accurately prepared general ledger financial...
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Could YOU survive a “costing” nor’easter?
I’m sure everyone is aware of Hurricane Sandy that hit the East coast. It is heartbreaking to see the devastation caused when such a major storm hits a heavily populated area. It will of course take...
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Why Do I Need A Cost System?
I always welcome the opportunity to meet with new clients who are reviewing their current costing issues. I recently had lunch with the Controller and an owner of a very successful company....
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Top 11 Most Common Costing issues: Issue #8
Failure to see how the whole costing process fits together As part of our periodic cost forums, we get a chance to talk to cost managers from a wide variety of manufacturing companies both in diversity...
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A Fresh Costing Perspective: Do You Have One?
The other day Bill and I did another presentation for college students. I find it so refreshing to present to students as they are always so engaged and eager to learn. Their minds are used to...
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Problems Have Solutions – Predicaments Have Outcomes
Anyone who knows me semi-well can tell you that I AWLAYS carry a notebook with me wherever I go. Yes, I am in the technology age of IPhone, IPad and IPod, but I still require my notebook. The purpose...
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What Would You Do (WWYD)?
Have you ever seen this show on ABC? I love watching it with my children because it always presents a scenario that forces you to make a choice. Which path is the correct one? I recently had lunch with...
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