WSQ , IBF, SkillsFuture, PEI Approved Training Provider

Practical Costing Essentials for Non-Finance Professionals

Take a deep dive into the critical world of Practical Costing Essentials tailored for non-finance professionals. This comprehensive course ensures participants become adept at identifying cost behaviour patterns, discerning the intricate relationship between fixed and variable costs, and separating mixed costs effectively. They'll also gain insights into estimating the influence of varying costs, processes, and volumes on profit margins and calculating pivotal metrics like the break-even point.

Additionally, attendees will learn the nuanced distinctions between discretionary and committed fixed costs. The course culminates in a thorough exploration of the budgeting process, evaluating its nature, characteristics, strengths, and weaknesses. By leveraging capital budgeting evaluation models, participants will be poised to craft astute expenditure budgets. With Tertiary Courses, you're not just learning; you're preparing to make informed financial decisions in the corporate world.

Certificate

All participants will receive a Certificate of Completion from Tertiary Courses after achieved at least 75% attendance.

Funding and Grant Applications

No funding is available for this course

Course Code: C730

Fee

$350.00 (GST-exclusive)
$381.50 (GST-inclusive)

The course fee listed above is before subsidy/grant, if applicable. We will apply for the grant and send you the invoice with nett fee.

Course Date

Course Time

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Post-Course Support

  • We provide free consultation related to the subject matter after the course.
  • Please email your queries to enquiry@tertiaryinfotech.com and we will forward your queries to the subject matter experts.

Course Cancellation/Reschedule Policy

  • You can register your interest without upfront payment. There is no penalty for withdrawal of the course before the class commerce.
  • We reserve the right to cancel or re-schedule the course due to unforeseen circumstances. If the course is cancelled, we will refund 100% for any paid amount.
  • Note the venue of the training is subject to changes due to availability of the classroom

Course Details

Topic 1: Cost Components

  • Direct Materials, Direct Labour costs, Manufacturing Overhead
  • Prime Costs, Conversion Costs

Topic 2: Product Versus Period Costs

  • Product Costs
  • Period Costs

Topic 3: Cost Behavior

  • • Nature of Costs, Variable Costs, Fixed Costs
  • • Economies of Scale
  • • Business Model

Topic 4: Cost Bahavior Analysis

  • Mixed Costs
  • High-Low Method, Least Squares Method

Topic 5: Break-Even and Target Income

  • Contribution Margin
  • Break-even Calculations, Target Income Calculations

Topic 6: Sensitivity Analysis

  • Changing Fixed Costs, Changing Variable Costs
  • Blended Cost Shifts, Per Unit Revenue Shifts

Topic 7: CVP for Multiple Products

  • Multiple Products, Selling Costs, and Margin Management

Topic 8: Job Costing Concepts

  • Cost data Determination, Conceptualizing Job Costing,
  • Tracking Direct Labor, Direct Materials, Overhead

Topic 9: Tracking Job Costing Within Corporate Ledger

  • Direct Material, Direct Labor, Applied Factory
  • Overhead, Global Trade and Transfers

Topic 10: Process Costing

  • What is Process Costing?
  • Job Costing Versus Process costing

Topic 11: Cost Allocation to Completed Units and Units in Process

  • Cost of Production Report, Journal Entries

Topic 12: Activity-Based Costing

  • Pros and Cons of ABC, Reality of ABC, Implement ABC

Topic 13: Case Study

Course Info

Promotion Code

Your will get 10% discount voucher for 2nd course onwards if you write us a Google review.

Minimum Entry Requirement

Knowledge and Skills

  • Able to operate using computer functions
  • Minimum 3 GCE ‘O’ Levels Passes including English or WPL Level 5 (Average of Reading, Listening, Speaking & Writing Scores)

Attitude

  • Positive Learning Attitude
  • Enthusiastic Learner

Experience

  • Minimum of 1 year of working experience.

Target Age Group: 21-65 years old

Minimum Software/Hardware Requirement

Software: NIL

Hardware: Windows and Mac Laptops

Job Roles

  • SME Business Owner
  • Financial Analyst
  • Business Development Manager
  • Financial Consultant
  • SME Accountant
  • Finance Manager
  • SME Credit Analyst
  • Investment Banker focusing on SMEs
  • Venture Capitalist
  • SME Loan Officer
  • Business Strategy Consultant
  • Start-up Founder
  • Economic Development Specialist
  • Chief Financial Officer (CFO) for SMEs
  • Financial Planner specializing in SMEs

Trainers

Gary Chan: Gary Chan is a ACTA certified trainer. Gary Chan is a Chartered Accountant (ACCA, UK) and a member of the Institute of Singapore Chartered Accountants (ISCA). He has a MBA in International Business from Henley University (UK) and a Master degree in Strategic Marketing (Ireland). He is an ACTA certified trainer.

Gary has more than 20 years in business and financial management responsibilities in multinationals and local SMEs and more than 10 years’ experience of teaching/training/consulting in financial, business management & development, sales and marketing and leadership.

Bell Ang Chai Huat: Bell Ang is a ACTA certified trainer. Bell Ang is a Certified Practicing Accountant, member of CPA Australia. Approved mentor of Singapore Accountancy Commission. She is an ACTA Certified trainer and Xero Certified Advisor.

With more than 40 years working experience, Bell has held positions both in the Accounting/Finance and IT consultancy positions in various industries.
As an IT consultant, Bell specialises in the financial systems for example, Oracle financial, Scala. She has successfully led and handled more than 20 projects with full implementation and conducted several in-house and clients' trainings.

Malcolm Soo Chee Kong: He is a ACTA certified trainer. He is an  experienced trainer/lecturer for financial courses such as LCCI 1&2 and Accounting for Non-Financial Professionals. Knowledgeable trainer cum facilitator for CPR & AED, Discounted Cash Flow, SAP Budget System Implementation, New Financial System Implementation (Purchasing, Payment Run and Public Utility). An experience finance professional with strong hands-on knowledge in area of financial planning & analysis and finance reporting & analysis. Highly skilled in Excel to produce interactive financial modelling and reporting. Ensure the balance of internal control compliance and efficiency in the operation of the organisation

Customer Reviews (3)

will recommend Review by Course Participant/Trainee
1. Do you find the course meet your expectation?
2. Do you find the trainer knowledgeable in this subject?
3. How do you find the training environment
GOOD TRAINER! (Posted on 9/29/2020)
will recommend Review by Course Participant/Trainee
1. Do you find the course meet your expectation?
2. Do you find the trainer knowledgeable in this subject?
3. How do you find the training environment
. (Posted on 4/13/2020)
Will Recommend Review by Course Participant/Trainee
1. Do you find the course meet your expectation?
2. Do you find the trainer knowledgeable in this subject?
3. How do you find the training environment
I learnt a lot from the course, content was good and instructor was professional (Posted on 10/9/2018)

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