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Maybe The Plan Is Not The Best Course
What do you do when things do not go quite as planned. I had a really great vacation, but things did not end up exactly as we planned. The weekend was busy like always. You see we go to Virginia...
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Should We Take On This Job?
Bill and I recently did a presentation for some cost accounting students at one of our local universities. We always enjoy the fresh perspective students offer and the opportunity to promote cost...
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Inventory & Fraud
Can being a costing expert help you to commit fraud? I am certainly not trying to provide anyone ideas. Countless publications have circulated articles about the numerous ways to commit fraud by...
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Excessive Precision. Too Much or Is It?
One of the ten things that cost accountants typically do wrong is worrying about excessive precision in the calculation of product costs all while they miss huge common sense and logical issues. As a...
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Over Simplified Bonus Programs Can Lead to Negative Results
A few weeks ago I was visiting with a client who is the owner of a very successful manufacturing facility. We were talking about our business backgrounds and this owner mentioned to me that one of his...
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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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Stop Wasting Time
While our blog focuses on cost accounting, today’s topic may not be specifically related, but I do believe it has significance. Years ago, my clients had me focused on tax-related matters which...
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