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Category Archives: Budgeting
Is your capacity just right?
When determining your budget for overhead allocation you often hear: “assume reasonable capacity.” Well, what is reasonable capacity? I think we all know what full capacity is or over capacity right? When you go to your favorite restaurant and the … Continue reading
Posted in Budgeting
Tagged accountants maumee, accountants toledo, capacity plan, cpa firms maumee, cpa toledo, ideal capacity, ideal manufacturing, low capacity, manufacturing capacity planning, manufacturing overhead variance, maximum capacity, maximum capacity definition, maximum production capacity, overhead cost allocation, production capacity, production capacity management, productive capacity, reasonable capacity, standard cost variances, system capacity planning, what is production capacity, william vaughan, William Vaughan Company
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Budgeting: why bother if you are not doing it right?
We have talked a lot about budgeting in our posts. I am currently working with a client who, much to his dismay, has been using the “old” style of budgeting for far too long and as you might expect, achieving … Continue reading
What’s going to happen one year from today?
A few months ago I attended an accounting seminar put on by the Institute of Management Accountants from the Detroit area. A number of very interesting speakers spoke about relevant topics related to budgeting and costing and the changes they … Continue reading
It’s not MY fault!
Let’s pretend that you work for a Company that has never prepared any type of annual financial forecast. You are definitely NOT alone. OK – now let’s pretend that your Company has now decided it’s time to embark on this … Continue reading
Isn’t the purpose of a budget just to make me look good?
For many CFO’s, controllers, and cost accountants alike this time of year can often be dreaded. A few of you may be thinking, why? But most of you probably are saying, yes! For those of you who are still not … Continue reading
Posted in Budgeting
Tagged budget, fixed costs, LinkedIn, maumee cpa, semi-variable costs, variable costs, year end budget
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Black Friday weekend 2011 sees record turnout
Were you one of the crazy ones who waited in line for hours on Thanksgiving night waiting to get a deal? According to the statistics, the average person spent $398.62 over the weekend, up significantly from prior years. Are you surprised? … Continue reading
Posted in Budgeting
Tagged black Friday, debt, maumee cpa, money.cnn.com, msnbc business-holiday retail, overspending
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Comatose…the accountants who outsourced America to China……
A view from the other side A few months back I wrote about the Chrysler GEMA plant in my backyard, Dundee, MI. My husband works there, so I am always hearing the latest news, generally more than I want to … Continue reading
You Don’t Have to Have a Crystal Ball!
How can I do a budget when I have no way to predict what my sales are going to be? You may recognize this question from a previous thread- posed by one of my clients during a brainstorming meeting. When … Continue reading
Error Proof Yourself
As part of my job, I often am able to be privy to my clients’ many uses of spreadsheets. As a matter of fact, many of the costing systems I work on have been developed around spreadsheets. Unfortunately, my experience … Continue reading
Posted in Budgeting, Cost Drivers, Reconciliation
Tagged errorproofing, excel, pivot table, spreadsheets
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