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 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.
January 15: Improving Profit Margin Analytics with RCA: Demonstrating a Quote and Margin
Price Calculator (View Recorded Webinar)
2021 Discussion Series
February 5 Introduction to RCA
This discussion will introduce new attendees and review with longer term members the foundations of RCA and how it can improve information on cost and profitability. It will focus on the central role of resources, capacity, causal relationships, and responsiveness play in improving decisions. Begin the process of understanding how RCA connects operations to finance and provides the information to optimize your organization’s profitability or mission outcomes.
March 5 Introduction to RCA Modeling – Part I
This discussion introduces Resource Consumption Accounting modeling techniques that improve operational, cost, and profit performance. Learn how RCA models operational resource quantities and monetary values to produce superior information on capacity use, consumption of resources, and information on costs and quantities for marginal and incremental decisions.
April 2 Introduction to RCA Modeling – Part II
The discussion will illustrate the calculation methodology for Resource Consumption Accounting models. It will present an example that shows how a factory floor and supporting activities are modeled and transformed into actionable management information using RCA. This discussion will highlight the clear causal relationship between operational and financial information when RCA is used to develop cost information.
RCA Related Presentations
Recorded Presentation - Conceptual Framework for Managerial Costing, Part 1
Recorded Presentation - Conceptual Framework for Managerial Costing, Part 2
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:
Part 1: What is Resource Consumption Accounting? (7 minutes)
Part 3: Resource Consumption Accounting Overview (8 minutes)
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.