By Andy Vitullo on 5/15/2008 1:02 PM

In my next series of blogs, I want to explore the business issues and business processes involved in the annual cost formulation process. I will discuss the following:


1. Budget Planning and Annual Forecasting.
2. Burden and Overhead versus Variable and Fixed Costs.
3. Direct vs. Indirect Costs.
4. Understand your Profit and Loss Statement
5. What is SG&A and does it belong in my standard cost?
6. The blocking and tackling of cost formulation.
7. How should I recognize write up or write down of inventory from my annual cost roll?


Although the above concepts are ERP software independent, I will discuss the business concept in relation to the QAD MFG/PRO software.

By Andy Vitullo on 3/31/2008 11:31 AM

As a financial leader in an organization considering a new ERP implementation or upgrade, it is important to clearly define your objectives for you new system or enhanced functionality.  Consideration should be given to the following;

1. How can I optimize my Financial Reporting environment to efficiently produce statements from the organic data in the general ledger?
2. What are the true business drivers of the company that require reporting and analysis?
3. What are the bottlenecks to an efficient seamless general ledger accounting close?
4. Do I deliver timely feedback to the organization in the form management reporting so the business managers can make cogent informed business decisions?
5. Is my finance and accounting organization sized properly for my current business environment and future growth?
6. Is the Internal Control ... Read More »
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