Vermont Society of Certified Public Accountants
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Financial Modeling and Driver-Based Planning

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Member Price: $245.00
Non-Member Price: $375.00

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Date/Time:
Feb 17, 2017, 11:30am–7:00pm
Developer:
CalCPA
CPE Credits:
8.00
Field of Study:
Accounting
Level:
Intermediate

The importance of cost management tools able to yield a competitive advantage is no secret. Various financial modeling tools—including regression analysis and linear optimization—are being used in financial planning and analysis, as these new tools allow managers to better manage costs by revealing the drivers affecting costs. Learn the basic concepts and principles necessary to build driver-based financial models and use them to improve cost management.

Formerly titled: Activity-Based Costing: A Resource Consumption Approach

Objective

  • Recognize the limitations of traditional cost accounting.
  • Identify and validate cost drivers using regression analysis.
  • Determine the impact of these drivers using multidriver cost-volume-profit analysis.
  • Outline hidden profits using a resource-consumption-based approach to ABC.
  • Develop driver-based planning and control systems to enhance cost reduction efforts.
  • Show why resource consumption-based cost measurement, not GAAP costing, is essential for success.

Highlights

  • Multidriver cost models using top-down cost decomposition analysis.
  • Driver-based modeling in multiproduct environments.
  • Managing idle capacity is so important.
  • Cycle-time reduction and process value analysis.

Designed For

CPAs, CFOs, controllers, financial analysts and accountants who want to offer value-added services for their clients or employers.  

Prerequisite

Basic knowledge of Excel.

Advanced Preparation

None

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