WBSRocks: Business Growth with ERP and Digital Transformation

WBSP491: Grow Your Business by Learning the Top KPIs for Cost Accountants, a Live Interview w/ a Panel of Experts

May 24, 2023 Sam Gupta Episode 491
WBSP491: Grow Your Business by Learning the Top KPIs for Cost Accountants, a Live Interview w/ a Panel of Experts
WBSRocks: Business Growth with ERP and Digital Transformation
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WBSRocks: Business Growth with ERP and Digital Transformation
WBSP491: Grow Your Business by Learning the Top KPIs for Cost Accountants, a Live Interview w/ a Panel of Experts
May 24, 2023 Episode 491
Sam Gupta

Most people understand why unit economics is critical as that drives profit margins. They might use different names for it. Some might call it cost accounting. Depending on the industry, different terms may be used. But the intent is very similar. To understand the cost to produce a product. Cost accounting is also a unique profession, as it sits at the intersection of finance and operations. You need to understand the depth of both worlds to be effective as a cost accountant. So which are the KPIs that are critical for cost accountants?

In today's episode, we invited a panel of cross-functional experts for live interview on LinkedIn who brings significant expertise to discuss the Top KPIs for cost accountants. We discussed the maturity of cost accounting in different organizations and how that might impact KPIs that cost accountants might track. We also discussed different challenges, such as currency fluctuations, regulatory requirements like market pricing used for regulatory reporting, and how overhead allocation might impact the cost accounting KPIs.

For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.

Show Notes

Most people understand why unit economics is critical as that drives profit margins. They might use different names for it. Some might call it cost accounting. Depending on the industry, different terms may be used. But the intent is very similar. To understand the cost to produce a product. Cost accounting is also a unique profession, as it sits at the intersection of finance and operations. You need to understand the depth of both worlds to be effective as a cost accountant. So which are the KPIs that are critical for cost accountants?

In today's episode, we invited a panel of cross-functional experts for live interview on LinkedIn who brings significant expertise to discuss the Top KPIs for cost accountants. We discussed the maturity of cost accounting in different organizations and how that might impact KPIs that cost accountants might track. We also discussed different challenges, such as currency fluctuations, regulatory requirements like market pricing used for regulatory reporting, and how overhead allocation might impact the cost accounting KPIs.

For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.