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Practical Costing Essentials for Non-Finance Professionals

Course Information

  • Sessions 1 day
  • Duration 7.5 hrs
  • Level Beginner
  • Assessment NA

Venue

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Certification

  • 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

5 Review(s) | Add Your Review

What's This Course About

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.

WSQ Funding

Full Fee ₵1,500.00 Before GST
GST ₵135.00 9% of fee
Baseline Nett ₵885.00 SG/PR age 21+ · 50% funded
MCES / SME Nett ₵585.00 SG age 40+ · 70% funded

Course Fee

₵1,500.00

Course Date

Course Time

Additional Note

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

Post-Course Support

  • We provide free consultation related to the subject matter after the course.
  • Please email your queries to info@tertiarycourses.com.gh and we will forward your queries to the subject matter experts and get back to you as soon as possible.

Cancellation & Reschedule Policy

  • We reserve the right to cancel or re-schedule the course due to unforeseen circumstances. If the course is cancelled, we will refund 100% to participants.
  • Note: the venue of the training is subject to changes due to class size and availability of the classroom. The minimum class size to start a class is 3 Pax.

Course Details

Course Details

What You'll Learn

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

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

Trainers

is an accomplished IT and data specialist with over 20 years of experience in academia, ICT leadership, and professional training, with a strong focus on data analytics and Excel-based solutions. He has developed and delivered specialized training programs on Statistical Data Analysis with Excel and Visual Basic for Applications (VBA) for Excel, equipping learners with advanced data manipulation, automation, and reporting skills. His expertise extends to automating institutional reporting systems, where he successfully streamlined academic records management through Excel-based tools, integrating macros and automation to improve efficiency and accuracy. As a trainer and consultant, Dr. Siraj has taught Excel to diverse audiences, including university staff, administrative teams, and professionals in banking, security, and education, ensuring they can apply Excel for decision-making, statistical modeling, and process automation. His practical mastery of Excel is complemented by his deep knowledge of office automation and ICT project management, making him a highly sought-after trainer in data analysis and productivity tools. With his blend of hands-on technical expertise and instructional experience, Dr. Siraj stands out as a credible authority in leveraging Excel to drive organizational efficiency and data-driven strategies

Review

Customer Reviews (5)

Fantastic experience 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
The course materials were detailed and easy to reference afterwards. Great value for money. (Posted on 4/19/2026)
Great learning experience 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
Well organised course with clear objectives. The step-by-step approach made it easy to follow. (Posted on 3/10/2026)
Very informative 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 hands-on training with plenty of examples. I feel much more confident applying these skills now. (Posted on 10/13/2025)
Exceeded my expectations 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 found the course extremely useful and relevant to my job. Highly recommend it to others. (Posted on 6/3/2024)
Practical and relevant 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
A very practical course. The trainer made a complex topic simple and enjoyable to learn. (Posted on 3/5/2024)

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