Principles of Costing

Is This for You?

Learn to understand an organisation’s cost recording system, use it to record or extract data, and use spreadsheets to convey information on actual and budgeted income and expenditure.

Award and Associated Qualifications

cpd

Awarded 50 CPD points upon successful completion

About This Course

There are six modules in this course:

– Identifying Costs
– Cost Centres and Cost Absorption
– Material Costs
– Labour Costs
– Budgets and Standard Costs
– Spreadsheets

* Level 2 is the equivalent of Level 4 in Ireland and Level 5 in Scotland.

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Aims and Objectives

To understand an organisation’s cost recording system and use it to record or extract data. To use spreadsheets to convey information on actual and budgeted income and expenditure. 

Pre-Requisites

Students should have some bookkeeping knowledge.

Finance Options

Wherever possible our training is tailored to your needs. The cost of our training programmes depend on the course(s) you choose and varies according to duration and breadth. Rest assured we have a number of payment options available to ensure the cost of training is affordable and can be worked alongside your other financial commitments. Common ways people fund their training include: –

Self-Funded:

  • Flexible payment plans to help you spread the cost* available at many of our centres;
  • You could opt to pay upfront.

Company Funded:

Requesting funding from your employers needn’t be a daunting task. Many employers support and encourage their employees with their professional development and consider it a worthwhile investment to fund any training required.

What we can help with:

  • Providing a comprehensive training programme outlining learning outcomes
  • Tailored personnel letters
  • Communication with finance departments to arrange payment options (upfront or payment plan*).

Funding & Grants:
There may be the opportunity to apply for funded grants that can help towards the cost of training. These include the Skills Development Scotland ITAs and the ReAct programme in Wales. All schemes will have different terms and conditions that will need to be met in order to qualify for a grant and these are managed by each individual centre.

We’d recommend you speak to a Course Advisor in your local centre to find out whether they are registered to offer any such schemes and discuss your requirements further.

* Terms and Conditions apply. Speak to a Course Advisor for full information on the options available to you.

Career Path

This course is designed for anyone looking to work within the Accounts Department of any organisation or who wishes to manage and understand the financial costs of their own business.

Related Courses

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Certificate in Accounting with AAT

This accounting programme combines Pitman Training’s renowned practical approach to learning with industry leading knowledge from AAT, the professional body for accountancy.