- Conventional Absorption Cost Accounting
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- Having it roots in the 1800’s where factories made a single product and total operating costs were divided by total production volume to arrive at fully-burdened unit costs, conventional costing techniques assign indirect and/or overhead costs through the application of overhead rates. These rates are “allocated” to the outputs of the organization. The manner in which overhead costs are spread across the various Lines of Business (LOB) is to attach such costs to an operational metric associated with LOBs, such as direct labor cost, machine hours, number of employees, floor space, revenues, etc.
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Take Assessment Watch Video- How to Foster an Organizational Culture of Learning
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- Increasingly, organizations are discovering the value of investing in a learning culture. And it makes sense, learning drives engagement, retention, innovation and so many other business priorities. That’s why I’m delighted to host this guest post by Courtney McIntosh with actionable insights. Let’s all learn together about this… and please share what you and your organization are doing to promote a learning culture.
- How to say sorry when you mess up
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- So, you’ve done it again - you’ve put your foot in your mouth, and said something without thinking, and now you’ve hurt somebody else in the process! The words dropped out of your mouth before you engaged your brain. Sound familiar? This article explores how to say sorry when you have said the wrong thing.
Governance & Controls – structure and controls.
Transaction Recording – systems, transaction processing and closing the books.
Reporting - efficient, timely and accurate information for decision making and meeting compliance requirements.
Accounting
Business Planning - provide the financial roadmap for the company with supporting analytics.
Financial Forecasting - integrate the company’s current performance relative to budget with the real-time business environment.
Investment Analysis - the framework to analyze new opportunities as they present themselves.
Finance
Cash Management - the discipline to ensure cash is available to operate the business normally.
Funding - Planning for and raising funds to meet the needs of the business.
Risk Management – Identification and mitigation of key business risks.
Treasury
Self-Awareness - Internal.
Team Building - External.
Strategy & Culture – Motivate people to follow you.
Leadership
Four Pillars of Executive Expertise
CFO.University is built around the Four Pillars of CFO Success. These Pillars are supported with Core Competencies. Our framework allows you to master your role as a senior financial officer. The Four Pillars are made up of:
Accounting – Governance & Controls, Transaction Recording and Reporting
Finance – Business Planning, Financial Forecasting and Investment Analysis
Treasury – Cash Management, Funding (Capital Raising) and Risk Management
Leadership – Self Awareness, Team Building and Strategy & Culture
