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Dairy Facts 2016

Gain New Tools for Profitability at IDFA Accounting Workshop

Apr 20, 2011

Are you taking advantage of every available financial tool to improve your company's financial health and profitability? Join IDFA and the financial services firm Herbein+Company at the IDFA Dairy Cost Accounting Workshop, May 10-11, in Rosemont, Ill., for that competitive edge. More than a simple accounting seminar, this workshop is designed specifically for dairy professionals. It focuses on unique fiscal challenges and tools the industry can use to enhance financial functions and improve profitability.

Attendees will hear the latest industry news, opportunities and trends, while learning how to enhance communication between finance professionals and management, identify key performance indicators, build better balance-sheet analyses and keep tabs on key ratios.

Whether you're an experienced financial pro or new to the world of dairy accounting, there's valuable information here for you. Even CEOs and staff who work in sales, production and distribution have realized great benefits from attending every year. Here's what some of them have said:

  • "For me, the first day of this workshop was worth a million bucks because it took the mystery out of milk pricing! I can now go back and be able to speak on the same terms with my controller. Thank you!"
  • "Very useful information on plant standards, shrinkage and lean accounting. 95 percent of this information can be utilized at my plant."
  • "This was one of the most valuable career trainings I have ever had. Thank you!"
  • "I found all topics to be interesting and valuable to my company. Both Carl Herbein and Ron Mong were excellent speakers as well, which was a huge plus during the presentation."

Other topics to be covered include:

  • milk costing and pricing
  • tax credits
  • cost segregation
  • depreciation and acceleration
  • lean manufacturing
  • new product lines
  • new software
  • financing new investments
  • working capital
  • leasing alternatives
  • tracking shrinkage control
  • cost center development
  • benchmarking risk
  • translating sustainability to savings

Read more about the workshop here.


Dairy Delivers