Constraint Management ON DEMAND
Available Until
Your Desk
11.0 Credits
Member Price $308.00
Non-Member Price $354.00
Overview
The performance of a business can be greatly improved by closely managing a few key constraints within the organization. This course is a valuable resource for locating and managing these constraints. It does so by describing the impact of constraints and how they can be managed to optimize profitability. The course includes discussions of where the constraint may be located, how constraint analysis compares to traditional cost accounting, and how to design measurement, reporting, and control systems around a constraint. There is also extensive treatment of financial modeling around constraints, as well as how to develop constraint-based strategies. In short, this course is an invaluable guide to enhancing the performance and earnings of your business.
Highlights
Overview of constraint management. The ideal constraint management environment. Financial analysis issues, and more.
Prerequisites
None.
Designed For
CEOs, CFOs, COOs, and other accounting managers.
Objectives
Identify the negative issues related to local optimization, as well as the basic concepts of constraint management. Recognize situations in which local optimization is being employed. Cite the indicators of a constraint, as well as the means by which a constraint can be managed. Recognize the existence of constraints in areas other than production, as well as the constraint issues involved in project management. Specify the circumstances under which the use of increased resources in the sales area will not increase sales. State the negative effects of cost reduction efforts, the use of gross margins, and the mis-application of direct labor costs. Identify the cost assignments required by the major accounting frameworks, and more.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Steven Bragg, Western CPE
Steven M. Bragg, CPA, is a full-time book and course author who has written more than 70 business books. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast.
Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and an auditor with Deloitte & Touche. He holds an MBA from Babson College, a Master of Finance from Bentley College, and a BA from the University of Maine (summa cum laude).
Non-Member Price $354.00
Member Price $308.00