For many accountants there is confusion and a lack of consensus with how to allocate costs to products and service lines. I refer to this as “a mystery in a box to accountants”. To solve this mystery here are three lectures to accounting professionals and students from a skilled and experienced accountant – me – that explains the problem and how to solve it. Even if you believe you have already ‘graduated’ from a “Cost Accounting” course in college or have a CPA, I encourage you to sit in the back of our virtual lecture hall and audit these three lectures.

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If you work in FP&A or across finance, you often feel like you have keys to a “city” with all the necessary data at your fingertips. Your department is one of the few that have the lens into the overall health of the company – past, present, and future.

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Financial professionals think of business investments in a relatively straight forward fashion: When will I get a return on this investment? Is the investment worth it? Do I have the budget?

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“LL states that the long-term average number of customers in a stable system L is equal to the long-term average effective arrival rate, λ, multiplied by the average time a customer spends in the system, W.

Expressed algebraically, LL appears quite simple: L = λ W

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“More efficient you make a resource the greater the demand for it”

“JP is named after William Jevons, who observed in the 19th century that an increase in the efficiency of using coal to produce energy tended to increase consumption, rather than reduce it. Why? Because, Jevons argued, the cheaper price of coal-produced energy encouraged people to find innovative new ways to consume energy.”

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