A four-phased approach to greater accuracy, efficiency, and transparency
As strategic advisors to the organization, finance leaders must communicate the financial impacts of every strategic decision. But without accurate costing data and a deep understanding of costs, that simply isn't possible.
An effective costing system brings together advanced cost accounting methods and traditional costing methods for efficient and highly accurate results that can drive strategic decision-making and boost fiscal health.
This e-book highlights a four-phased approach to implementing advanced costing methods:
- Data integration and migration
- Establishing a foundation with an end-to-end process
- Introducing advanced costing methods
- Extending advanced costing to high-value areas