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Practical Costing Essentials for Non-Finance Professionals

Sessions 1 day
Duration 7.5 hrs
Level Beginner
Assessment NA

Venue

12 Woodlands Square #07-85/86/87 Woods Square Tower 1, Singapore 737715. 5 mins walk from Woodlands (NS9) MRT station.

The venue is disabled-friendly.

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Certificate of Completion from Tertiary Courses - Upon meeting at least 75% attendance and passing the assessment(s), participants will receive a Certificate of Completion from Tertiary Courses.

Practical Costing Essentials for Non-Finance Professionals

Course Code: C730

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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.

No funding is available for this course

Course Fee

$350.00 (GST-exclusive)

$381.50 (GST-inclusive)

Mode of Training

Physical Classroom Training
Synchronised Teaching using ZOOM
Corporate Training at Company Premise

Course Date * Course Date

Course Time * Course Time: No. of Participants

Sponsorship

Self-Sponsored
Employer-Sponsored

Additional Message

* Required Fields

Please bring your own laptop for hands-on training. If you don't have laptop, we can provide spare laptop for training use.

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.

You can register your interest without upfront payment. There is no penalty for withdrawal of the course before the class commences.
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 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 is a trainer and consultant with professional expertise in finance, auditing, and corporate governance. Having supported organizations in financial analysis, compliance, and reporting, she brings a practical and governance-focused perspective to financial training. For this program, Bell emphasizes interpreting financial statements through ratio analysis, guiding learners to uncover strengths, weaknesses, and risk factors in business performance. Her sessions highlight real-world applications, preparing participants to make informed financial decisions.

Malcolm Soo is an ACTA-certified trainer and Chartered Accountant of Singapore with more than 20 years of professional experience in accounting, financial planning, and internal control compliance. His career includes senior roles at JTC Corporation and Eu Yan Sang, where he was responsible for financial reporting, budgeting, and system integration. He has delivered training in LCCI accounting modules and corporate programs on financial systems, focusing on bridging technical accounting knowledge with practical business applications. In his training for SMEs, Malcolm specializes in helping participants understand the integration of accounting and tax systems with financial management processes. His sessions cover account setup, tax reporting, receivables and payables management, and compliance frameworks. With his strong accounting and training background, he equips learners to leverage accounting systems effectively to improve business transparency and financial governance.