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Welcome to the Resource Consumption Accounting Institute

A Few Words About Resource Consumption Accounting

Welcome to the RCA Institute website, the comprehensive online source for information and services related to Resource Consumption Accounting (RCA). The RCA Institute’s primary objective is to establish a knowledgeable RCA community. RCA Institute members have access to content not available to the public including research and publication libraries. RCA Institute members also receive discounts on products and services the institute provides. Please feel free to contact us with any comments or questions you might have.

Associate membership in the RCA Institute is now free. All you need to do is register. You gain access to the Library, Bibliography, and Webcasts. This is a great way to start learning about RCA or add to your knowledge. The RCA Institute does not sell its membership list, and typically sends only 1 or 2 Emails per month notifying you of upcoming RCA Discussions or distributing the quarterly newsletter.

Larry R White, Executive Director

RCA News:

RCA Discussion Series

The RCA Institute holds monthly discussion series for those interested in RCA, providing the opportunity to learn and ask questions. All levels of experience and interest are welcome. The sessions will be held on a web meeting at 12:00 PM (US Eastern Time) with a 15-20 minute presentation followed by discussion and questions.

 

The RCA Discussion series is also available on the Resource Consumption Accounting YouTube channel.

2020 Discussion Series

December   11:  What is “Truth” in Managerial Costing?

Determining “cost” can be very frustrating.  Accountants calculate costs for financial reports, but use different cost calculations for other decisions.  Sometimes the term “relevant” cost is used. Sometimes people seek the “true” cost...are other costs lies, are they irrelevant?  The December RCA discussion will present a logical approach to sort out the clutter around “truth” as it applies to costing in organizations.  You may find an answer or develop a new opinion.

To Join:   https://altavia.zoom.us/meeting/register/tJcoduyrrzIqG9fkjIV5hY4AW2IUFSJLUrVJ 

RCA Related Presentations

 

RCA Education by Webcast

The RCA Institute is producing a series of pre-recorded webcasts that will provide an introduction to Resource Consumption Accounting.  Five introductory webcasts are now available on the RCA Institute You Tube Channel. The topics are:

The Institute of Management Accountant's Conceptual Framework for Managerial Costing

In September 2014, the IMA published its Conceptual Framework for Managerial Costing (CFMC) that established clear principles, concepts, and constraints for creating cost information purely for internal decision support. RCA is the most comprehensive approach to implementing the CFMC. In July 2019, a follow on Statement of Management Accounting, Costing System Attributes that Support Good Decision Making, provides practical guidance on applying the principle of causality and the concepts for building effective cost models for internal decision support. The SMA Developing an Effective Managerial Costing Model provides a process to create cost information for internal decision support.  These documents are aligned with the RCA approach to modeling and internal decision support information.

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About Us

The Management Accounting profession currently lacks the ability to provide managers with relevant and comprehensive information for their decision-making roles. Numerous approaches and techniques serving different objectives, and subject to individual interpretations, lead to inconsistent and unreliable decision support information. Moreover, these approaches are based on contrasting principles and result in conflicting responses to managers’ questions.

The RCA Institute seeks to change that by raising the standard of management accounting knowledge and encouraging sound techniques and practices.

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