Episode 110 features Gary Cokins, an expert in enterprise and corporate performance management.  Gary emphasizes the importance of embracing accounting and finance practices that move beyond traditional methods to focus on financial transparency, risk management, and the strategic implementation of activity-based costing. 

The conversation explores misconceptions in accounting methods, differentiating tax accounting, external financial reporting, and internal management accounting.  Gary advocates using the latter with emphasis on logical cause-and-effect relationships.  The key method discussed is activity-based costing, breaking down overhead into cost pools with cause-and-effect relationships, illustrated through examples like a restaurant bill-splitting analogy.

Real-life examples showcase the strategic and operational benefits of progressive accounting methods. The discussion also highlights the importance of measuring customer profitability, challenging the belief that the largest customer in sales is the most profitable.  Overall, the episode emphasizes the value of activity-based costing in achieving accurate and insightful financial information for better decision-making.

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When everyone's eyes are focused on the next sale, high-impact, low-visibility risks often get overlooked …we call these Blind Spots. These blind spots cause 'WHAT THE R*SK!' moments.

So, join us on this journey, as we learn to ask the right questions, expose potential pitfalls, and turn those 'WHAT THE R*SK!' moments into 'I've got this!' victories."

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Now we're moving on to the Blind Spot Insider segment of the show. This is where our guests answer questions that have been submitted by our listeners. This allows the listeners to submit questions, get different insights specifically to questions that they had that may not otherwise be covered in our episode. If you're not a blind spot insider, please go and register at risk blindspots.com plural because we all have them risk blind spots.com to be able to submit questions for our guests, to listen to the responses, and to get exclusive content. So with that, here's our first question.

So, Gary, the knowledge you provided today has been really terrific. Very insightful. I think people that are not accounting experts will understand that. Bottom line, you can't always rely on the standard numbers, the standard panels, when you're trying to run and manage a business. And the blind Spot insiders got a bit of an insight as to how to think about the cost accounting and the ABCs in their situations, so I want to thank you for that. So can you tell our audience where to find you?