ABCs of Accounting
The James Beard Foundation presents ABCs of Accounting, an educational resource that seeks to help independent restaurant chefs, owners, and operators tackle one of the industry's biggest challenges, rising costs. This comprehensive package teaches participants to optimize their operations using the Activity-based Costing (ABC) methodology, combining curriculum-based learning with a plug-and-play costing tool. Through practical applications of ABC methodology, users will be able to analyze their profit and loss statements more effectively, identify operational inefficiencies, and conduct strategic pricing techniques. Ultimately, they are enabled to make data-driven decisions about pricing, budgeting, and forecasting.
ABCs of Accounting Includes:
Curriculum PowerPoint presentation
Activity-based Costing and Optimization Tool (ABCOT)
ABCOT Overview
Monthly live learning session on ABCOT on Zoom
Join our first virtual session on the Activity-based Costing and Optimization Tool (ABCOT) July 21 from 2-3 P.M. ET on Zoom.
ABCOT Overview
The Activity-based Costing and Optimization Tool (ABCOT) is a formulated spreadsheet designed to calculate the Activity-Based Costing (ABC) for a single dish. Update the spreadsheet with your information and values, simply plug-and-play, and the tool does the work. Use the ABCOT Overview for detailed step-by-step instructions on how to correctly use the tool. Be sure to sign up for one of the monthly virtual sessions for live instruction and the ability to ask questions!
Virtual Monthly Office Hours
Each month, we will host a one-hour session over Zoom for further instruction and insights on using the ABCOT. Hosted by Anouska Biswas, Director of Finance at the James Beard Foundation, along with members of the Executive MBA team at the Ross School at the University of Michigan that produced these resources, attendees receive live instruction and are able to ask questions for increased comprehension and use optimization. Sign up for a session below: