Costing and pricing involve distinct sets of decisions. Identifying something as a cost does not necessarily or in every instance mean that it will be reflected in a price. By the same token a decision about the 'price' should not be based on unexamined or erroneous assumptions about the costs that should or should not be recovered in a given activity. Costs and price are distinct, but must be related in a transparent and consistent manner. Therefore, participants on this course will be able to examine the issues of costing and pricing in relation to their businesses.
On completion of this course, participants will be able to:
- Articulate the key concepts related to costing and pricing;
- Assess the implications of cost models for products and services.
- ARticulate the rationales, principles and application of cost accounting models.
- Identify and assess different cost concepts.
Accountants, Financial officers, Mayors, Councilors, Policy makers, Economists, Accountants, Auditors, Procurement Officers, Treasurers