Throughput Accounting was included in the AICPA syllabus in 2019. One of the most impactful contribution to accounting
What you will learn
Comprehend the difference between growth and productivity
Understand the Pools and Flows of money in your company
How to understand the true nature of costs and expenses by grouping them in 2 categories
Find out where to act on capacity issues
How to make the correct calculations to arrive at the proper break-even point
Find the proper product mix ranking by avoiding common financial accounting reflexes
Understand the value of cash compared to other current assets
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- Master a Paradigm Shift in Profitability: Dive deep into Throughput Accounting’s revolutionary framework, moving beyond traditional cost accounting to a dynamic, system-wide perspective. Discover how to identify and leverage the true drivers of revenue and profit within your organization, prioritizing the flow of value over mere cost reduction for superior financial outcomes.
- Unlock Hidden Business Potential: Learn to view your operations with unprecedented clarity, exposing untapped capacities and opportunities within existing resources. This course empowers you to strategically identify, exploit, and elevate bottlenecks, transforming limitations into powerful catalysts for growth without needing additional capital expenditure.
- Strategic Decision-Making for Global Impact: Develop the financial acumen to make operational and strategic choices that directly enhance overall company profitability, rather than just optimizing local departmental efficiencies. Understand the profound ripple effect of every decision, ensuring alignment with the ultimate goal of sustainable cash generation.
- Rethink Traditional Financial Metrics: Challenge and overcome the inherent limitations of conventional accounting practices that often lead to counterproductive business decisions. This course provides a robust, alternative framework to evaluate performance, product lines, and investments based on their actual contribution to the system’s throughput, fostering consistent, high-margin growth.
- Cultivate a Constraint-Focused Management System: Acquire the practical expertise to systematically identify, manage, and strategically elevate your organizationβs key constraints. Master methodologies to subordinate non-bottleneck resources to the pace of the constraint, ensuring all efforts are synergistically aligned towards maximizing the flow of profitable goods and services for continuous improvement.
- Accelerate Cash Flow and Sustainable Growth: Implement advanced strategies specifically designed to significantly improve your company’s cash conversion cycle. This involves moving beyond simple inventory reduction to synchronizing production and sales with market demand, minimizing costly work-in-progress, and freeing up crucial working capital for reinvestment and achieving long-term profitability and competitive advantage.
- PROS:
- Provides immediately actionable strategies to boost profitability without significant capital outlay.
- Offers a universal framework applicable across diverse industries, from manufacturing to service sectors and project management.
- Fosters a deep, holistic understanding of your business, leading to more robust and aligned strategic decisions.
- Empowers leaders and teams to focus on true value creation and systemic improvements, enhancing competitive advantage.
- Challenges conventional wisdom, leading to innovative solutions for long-standing operational challenges.
- CONS:
- Requires a substantial paradigm shift from traditional accounting mindsets, which can present internal resistance and implementation challenges within an organization.
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