Welcome to the Resource Consumption Accounting Institute

Connecting Operational Information with Profitability

Designed to Improve Internal Decision Making Information

A Few Words About 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 at 12:00 PM (US Eastern Time) with a 15-20 minute presentation followed by discussion and questions.

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

2020 Discussion Series

January 24: Introduction to RCA (View Recorded Webinar)

February 28: Introduction to RCA Modeling – Part I (View Recorded Webinar)

March 13: Introduction to RCA Modeling – Part II (View Recorded Webinar)

April 17: The RCA Implementation Process (View Recorded Webinar)

May 15: Case Study – Automating Manufacturing and Finance Information for Decision Support (Recording)

June 12: Software Options for RCA (View Recorded Webinar)

July 10: RCA in Practice:  Applications and Cases (View Recorded Webinar)

August 14: RCA and the IMA Conceptual Framework for Managerial Costing (View Recorded Webinar)

Sept 11: Issues in RCA Modeling: Managerial Cost Objects  (View Recorded Webinar)

Oct 9: 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 Join: Click here

 

RCA Related Presentations

IMA Video: New Technology with Larry White - New Perspectives on Accounting and Finance

IMA Video: AI Economy with Anton van der Merwe - New Perspectives on Accounting and Finance

Recorded Presentation - Conceptual Framework for Managerial Costing, Part 1

Recorded Presentation - Conceptual Framework for Managerial Costing, Part 2

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

 

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)

The Institute of Management Accountant's Conceptual Framework for Managerial Costing

In September 2014, the IMA published its Conceptual Framework for Managerial Costing (CFMC) that established clear principles, concepts, and constraints for creating cost information purely for internal decision support. RCA is the most comprehensive approach to implementing the CFMC. In July 2019, a follow on Statement of Management Accounting, Costing System Attributes that Support Good Decision Making, provides practical guidance on applying the principle of causality and the concepts for building effective cost models for internal decision support. These documents are aligned with the RCA approach to modeling and internal decision support information.