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Most people understand why unit economics is critical as that drives profit margins. They might use different names for it. Some might call it cost accounting. Depending on the industry, different terms may be used. But the intent is very similar. To understand the cost to produce a product. Cost accounting is also a unique profession, as it sits at the intersection of finance and operations. You need to understand the depth of both worlds to be effective as a cost accountant. So which are the KPIs that are critical for cost accountants?
In today's episode, we invited a panel of cross-functional experts for live interview on LinkedIn who brings significant expertise to discuss the Top KPIs for cost accountants. We discussed the maturity of cost accounting in different organizations and how that might impact KPIs that cost accountants might track. We also discussed different challenges, such as currency fluctuations, regulatory requirements like market pricing used for regulatory reporting, and how overhead allocation might impact the cost accounting KPIs.
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WBSRocks: Business Growth with Enterprise Software and Digital Transformation