Resource Consumption Accounting
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Welcome to the RCA Institute website, the comprehensive online source for information and services related to Resource Consumption Accounting (RCA).
On this site public browsers will find:
- Information/Webcasts on the RCA Institute (Scroll down to RCA News for links to short webcasts)
- Information on adopting RCA (including an Adopter Evaluation Survey)
- Information on training, certification and assurance services the RCA Institute provides.
The RCA Institute’s primary objective is to establish a knowledgeable RCA community. RCA Institute membership is required to become part of the 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.
Thanks you for your interest,
Larry White, CMA, CFM, CGFM, CPA
Executive Director
RCA Institute
News:
Column in AutomationWorld Magazine
RCA Institute Executive Director, Larry White, will be writing a periodic 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. Read the first column, "Financial Information for Operations: Mission Impossible?" which describes some of the causes of the challenges operating personnel have with financial information.
RCA Speaking Engagements
November 10, 2010 AICPA Controllers Workshop East, Orlando, FL
WebLink: www.cpa2biz.com/AST/Main/CPA2BIZ_Primary/Accounting/
PRDOVR~PC-CWEAST/PC-CWEAST.jsp
Topic: Achieving Excellence in Cost Management – Resource Consumption AccountingSynopsis: Cost Management is more challenging than most financial managers care to admit. Operations managers don’t relate to accounting information, special studies or analyses are required for many decisions, cost control initiatives often result in unintended consequences due to misaligned information and incentives, and many more issues. Resource Consumption Accounting is based on foundational principles for management accounting and decision science focused on linking operations to finance and supporting the internal decision making needs of managers and employees creating value inside organizations. Learn:
Key foundational principles of costing for managerial decision making
Common decision making distortions from poor cost information
Principle based techniques to improve operational cost modeling
Techniques to create a cost model to support continuous planning and adaptive control
To improve marginal cost and profit information along multiple dimensions – product, customer, etc.
Recent RCA Presentations
Innovations in Shared Service Center Costing for the Beyond Budgeting Round Table Annual Conference
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.