Be certain that your organization performs work related to strategic planning, budget variance analysis, commitment analysis, revenue and expense forecasting, what if scenario analysis, program evaluation, performance management, and other efforts that support administration decision making.

More Uses of the Activity Based Costing Toolkit:

  • Organize: economic equity, going concern, monetary unit, periodic reporting, historical cost, revenue recognition matching, full disclosure, cost benefit relationship, materiality, and conservatism.
  • Be certain that your organization applies, as appropriate, activity and data modeling, transaction flow analysis, internal control and risk analysis and modern business methods and performance measurement techniques.
  • Supervise: work closely with teams across all departments on projects to establish operational and reporting requirements, identify relevant resources and tools, and push projects to completion.
  • Secure that your organization provides deliverables in support of monthly corporate rolling forecast, annual business planning, and corporate strategy quantification processes.
  • Gather, analyze, prepare, and summarize recommendations for financial plans, acquisition activity, trended future requirements, operating forecasts, and others.
  • Achieve financial goals through effective business analysis, financial planning, cost management, and execution of earnings driven initiatives.
  • Systematize: mentor and lead assigned categories to support sourcing and supplier management while driving cost savings and continuous improvement initiatives.
  • Evaluate financial outcomes of various decision alternatives; provide management with information on potential decision impacts along with recommended options and action plans.
  • Create or improve operational efficiencies by process improvement and automation of source data flow through financial reporting, budgeting, and forecasting processes.
  • Be accountable for developing staff and incorporating leading capabilities and technologies in daily operations in order to bring the highest quality products to market in an efficient, safe and environmentally sound manner.
  • Be certain that your organization serves as your organization consultant/financial advisor to your organization / management team regarding financial and business decisions related to the operations of your organization.
  • Follow generally accepted accounting principles to generate financial reports in compliance with requirements for a manufacturing organization.
  • Identify optimal reporting structure and team to build supply chain financial analytics capabilities, and build partnerships across your organization for successful supply chain outcomes.
  • Confirm your organization individuals plan, schedule, communicate, and coordinate the annual budgeting process, the monthly re forecasts, and month end close for it, and ensure that all transactions are in compliance with Sarbanes Oxley.
  • Prepare financial and managerial reports that provide robust explanations of trends / variances and brief executives on results and/or recommendations.
  • Develop and implement process flows and models to integrate Activity Based Costing models with solution planning, development, and implementation models.
  • Be accountable for implementing best practices and processes to track progress of services and development of capabilities in terms of defined cost, schedule, and performance outcomes.
  • Perform accounting period end review on accounting software system, analyze reports to ensure the financial system is in balance and system suspense is clear of transactions.
  • Be able to put concepts into action; Activity Based Costing/management, balanced scorecard, bench marking techniques, best practices, key performance indicators, etc.
  • Apply the static budget variance model, top down budgeting method, target costing method, and Activity Based Costing method to generate the cost variance report and budget to inform management decisions related to manufacturing and inventory planning.
  • Develop and implement business strategic plans with the leadership team; work closely with the leadership team to capitalize on new business and market opportunities.
  • Have a continuous improvement mindset to establish, modify, document and coordinate implementation of accounting and accounting controls.


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