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Are old ghosts haunting you?
A recurring question facing many cost managers has to do with how frequently they should invest the time and effort required to do a complete standard cost revision. Typically these revisions can be...
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Costing Is ALWAYS Important!
Recently I met with a CEO who had a strong costing background before he became an entrepreneur. During the depths of the recession he was able to locate a manufacturing company that was in serious...
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Cost Accounting for Small Manufacturers
Cost accounting is valuable for all sized manufacturers and even the smallest manufacturers can benefit from good cost methods. Our most recent assignment in cost accounting related to a very small...
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When Do I Need to Review My Cost System?
One of the questions we hear most frequently at our cost forums is, “how frequently should my cost system be updated?” Some people ask the question directly while for some it is apparent from their...
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Getting To Know Your Company
The other day we had a meeting over lunch where everyone from William Vaughan Company got together to briefly talk about the various specialty services we offer. We recently acquired another accounting...
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Barriers to Transitioning Your Cost System?
A frequent topic in today’s business news relates to current management’s unwillingness to accept new and more robust cost systems and how the delay in adopting a new cost system is expensive to...
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Change A Number, Change Views
Even though my true passion lies in costing models and the profitability of businesses, during tax season I must return to my true job, tax returns! This week, I made a mistake. Well, actually two! I...
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Transparency vs. Complexity
This service company includes a group of highly paid professionals and a team of technicians that offer technical support for the services the company provides. These skill levels were generally...
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Simple or Better? Which Costing Information Is King?
You have heard us argue time and again that simplicity is better than complexity in the spirit of transparency. I am not arguing against this notion, but instead, I believe sometimes there is better...
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William Vaughan Company Costing CPE
The William Vaughan Company consulting team is proud to announce Why Guess? Mastering the Fundamentals of an Accurate Cost System, a CPE course unlike any other that finally takes an in-depth look into...
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It’s Beginning To Look A Lot Like . . . Cost Revision Time
This time of year everywhere you go and practically everything you hear is related to the holiday season. For some, the hustle and bustle of the holidays are filled with excitement and for others, its...
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The Evolution of Costing and What Does It Mean For The Future?
One of the topics frequently brought up in my conversations with cost managers is the delayed conversion by today’s manufacturers to alternative costing methods. There seems to be a general lack of...
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Your Manufacturing Standards And Costs: To Change Or Not To Change?
One re-occurring topic at our cost forums and other seminars involves the frequency in which standards and costs should be changed. I believe this is really a two-part question. The first part should...
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