PACE has authorized development of the Profitability Analytics Body of Knowledge - PABOK.
This is an important step for the field.
Profitability analytics has many valuable methods: activity-based costing, time-driven ABC, resource consumption accounting, GPK, throughput accounting, driver-based costing, cost-to-serve analytics, margin waterfalls, and customer and product profitability analysis.
But the field lacks a shared body of knowledge.
That creates fragmentation: different terminology, different frameworks, different levels of auditability, different approaches to reconciliation, and different ways of communicating profitability to boards and executives.
PABOK is intended to help change that.
It will be method-neutral, practitioner-informed, board-relevant, and certification-aligned.
The goal is not to replace professional judgment. The goal is to create a common foundation for better profitability decisions.
The field has methods. Now it needs a standard.
If you believe profitability analytics needs a common language, a stronger professional foundation, and a method-neutral body of knowledge, express interest in contributing to or reviewing the PABOK at https://www.surveymonkey.com/r/CVJXPCZ
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Raef Lawson CSCA, CPA, CFP, CAE, CFA
Executive Officer
CSCA, CPA, CFP, CAE, CFA
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