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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.

Larry White, CMA, CFM, CGFM, CPA
Executive Director, RCA Institute

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

This RCA Institute discussion will introduce attendees 
to the Conceptual Framework for Managerial Costing 
developed by an Institute of Management Accountants 
(IMA) Task Force which was led by RCA Institute Executive
Director, Larry White.  The Conceptual Framework 
articulates the principles, concepts, and constraints for
developing cost information based on the rigorous 
application of cause and effect operational relationships.  
The sole objective of the cost information is supporting internal 
decision making (as opposed to cost information for external 
financial reporting).   Learn about the Conceptual Framework 
and how RCA applies it to better link operations and finance.

The discussion begins at 12:00PM (US Eastern) and ends at 12:30.
Comments and discussion will follow an opening presentation.
No prior RCA knowledge or familiarity is required.

To register:  https://www1.gotomeeting.com/register/199186384

May 16             RCA: Linking Operations and Finance

 To register:  https://www1.gotomeeting.com/register/980741472

June 13            The RCA Implementation Process

 To register:  https://www1.gotomeeting.com/register/464575528

July 18             Software Options for RCA

 To register:  https://www1.gotomeeting.com/register/419080272

August 15         Cause and Effect in Managerial Costing

September 19     The Importance of Capacity in Managerial Costing

 

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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