Accounting

	*The Remington Group* Accounting Services *Manufacturing In The New Millennium* The Remington Group, LLC 475 Wall Street Princeton, New Jersey 08540 (609) 497-6400

Last update:

08/21/2001

ACCOUNTING

In manufacturing, the metrics of the past -- output, overhead absorption, labor efficiency, detailed standard cost variances, and others -- have been consigned to the dustbin of history. The "new" metrics have contributed only marginally to effectiveness in telling the story about performance and results in the manufacturing enterprise.

Activity Based Costing/Management is clearly a sensible alternative in seeking the underlying causality of costs but has not lived up to its potential in providing knowledge for resource allocation, activity value, and profitability analysis.

Accounting, once the den of arcane numbers,
is now becoming the clarifier and interpreter of
economic events through modern metrics and systems.

We assist clients in making accounting the dynamic clarifier of results and performance through:

Development of profitability oriented activity based costing;
Identification and establishment of metrics which communicate value and performance;
Development of "Theory of Constraints/Throughput" accounting approaches;
Revitalization of "old" accounting systems through infusion of "new" accounting approaches and new metrics; and
Preparation of measures to expose the "hidden factory" of period related labor and overhead costs.

The presentation of economic events and the measurement of results and performances are company specific. We treat them that way and custom tailor the appropriate accounting techniques to suit the individual company's needs

Related Services:
Integrated Information Systems
Constraints Management

The Remington Group, LLC 475 Wall Street Princeton, New Jersey 08540 (609) 497-6400