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Resource Consumption Accounting

Welcome to the RCA Institute website, the comprehensive online source for information and services related to Resource Consumption Accounting (RCA). The RCA Institute’s primary objective is to establish a knowledgeable RCA community.  RCA Institute members have access to content not available to the public including research and publication libraries. RCA Institute members also receive discounts on products and services the institute provides.  Please feel free to contact us with any comments or questions you might have.

Associate membership in the RCA Institute is now free.  All you need to do is register.  You gain access to the Library, Bibliography, and Webcasts.  This is a great way to start learning about RCA or add to your knowledge.  The RCA Institute does not sell its membership list, and typically sends only 1 or 2 Emails per month notifying you of upcoming RCA Discussions or distributing the quarterly newsletter.

Larry R White, Executive Director 

RCA News:

RCA Discussion Series

The RCA Institute holds monthly discussion series for those interested in RCA, providing the opportunity to learn  and ask questions.  All levels of experience and interest are welcome.   The sessions will be held on a web meeting, allowing VOIP or phone call in access. The phone number and weblink will be published about 2 weeks before the event.  

The Discussions from the prior year are recorded and available on the Membership/Webcasts and Newsletters page.

2014 Discussion Sessions

January 24        Introduction to RCA   (Link to Recorded Webinar)

February 14       Introduction  to RCA Modeling (Link to Recorded Webinar)

March 14           RCA in Practice:  Applications and Cases

April 18             RCA and the Conceptual Framework for Managerial Costing (Link to Recorded Webinar)

May 16             RCA: Linking Operations and Finance (Link to Recorded Webinar)

June 13            The RCA Implementation Process  (Link to Recorded Webinar)

July 18             Software Options for RCA  (Link to Recorded Webinar)

August 15        Identifying Avoidable Costs Using RCA

Management decisions around cost often hinge on 
determining if a cost is avoidable.  Unfortunately,
many costing methodologies, especially traditional 
cost accounting, either don’t provide the correct 
information or confuse the basic managerial costing 
concepts necessary to effectively identify and evaluate 
cost for avoidability.  Learn RCA’s approach to thinking 
about avoidable costs.  All levels of managerial costing 
and RCA knowledge are invited.

To register: https://www1.gotomeeting.com/register/800303408

September 19    Cause and Effect in Managerial Costing and RCA

Cause and effect is the basis for all learning. 
Financial data for decision making must reflect,
not distort operational , resource, and process
cause and effect relationships to be useful
throughout an organization.  Traditional financial
accounting measures don’t provide this.  
Learn and discuss how RCA can improve causal
insights to improve ad organization’s decisions. 
All levels of managerial costing and RCA
knowledge are invited.

To register:  https://www1.gotomeeting.com/register/384098928 

October TBD

November 21 Capacity Information in Managerial Costing and RCA

Learn how Resource Consumption Accounting 
identifies and highlights opportunities for increased 
profitability through its focus on resource capacities.
The job of operating managers is to create more 
capacity by becoming more efficient.  Using 
capacity effectively and efficiently should be a 
primary objective for all managers.  Yet many 
costing methods ignore or distort capacity analytics 
and costs.  The session will begin with a 15-20 
minute presentation followed by audience questions 
and discussion.  

 

RCA in AutomationWorld Magazine

RCA Institute Executive Director, Larry White, writes a bimonthly column for AutomationWorld magazine, a manufacturing industry publication, on financial issues.   Automation World is a free publication with a circulation of 65,000 available in print and online. The article in the March 2014 edition is titled, What is True Cost?  It discusses the term “true cost”,  what it means for internal decision making, what challenges are faced in calculating it from traditional cost data, and suggests a better approach.


Recent RCA Presentations

Recorded Presentation - Conceptual Framework for Managerial Costing, Part 1

Recorded Presentation - Conceptual Framework for Managerial Costing, Part 2

RCA Overview & Modeling, Michigan IMA, March 2012

Conceptual Framework for Managerial Costing to Michigan IMA March 2012

January 2012 Discussion: RCA Modeling Basics

RCA Intro and Modeling Presentation, Springfield, MO (IMA)

 Conceptual Framework for Managerial Costing and RCA for the Federal Accounting Standards Advisory Board Forum

Conceptual Framework for Management Accounting for the Association of Government Accountants

 

RCA Education by Webcast

The RCA Institute is producing a series of pre-recorded webcasts that will provide an introduction to Resource Consumption Accounting.  Five introductory webcasts are now available, click on the links below.  Institute members will be notified as additional podcasts become available. The topics are:

Part 1:  What is Resource Consumption Accounting?  (7 minutes)
Part 1.B: What is the Resource Consumption Accounting Institute? (7 minutes)
Part 2.A: Resource Consumption Accounting Modeling Principles, Part 1 (9 minutes)
Part 2.B: Resource Consumption Accounting Modeling Principles, Part 2 (10 minutes)
Part 3: Resource Consumption Accounting Overview (8 minutes)

RCA Rated in International Federation of Accountants Publication  

In July 2009, Resource Consumption Accounting is recognized in the new International Federation of Accounting’s International Good Practice Guide: Evaluating and Improving Costing in Organizations, and in the companion piece to the IGPG, A Costing Levels Continuum Maturity Model, RCA was evaluated as the most sophisticated costing approach on the continuum.   

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