SO2406a Costing and Pricing

SO2406a Costing and Pricing 

Objective: to introduce participants to the basic principles of Costing/Pricing, and to techniques used in analysing and controlling costs, together with setting the right price for your products/services

Duration: 2 x 3 hour sessions, over 2 weeks, online

Content:

• Cost management
• Different types of costs, (direct, indirect, fixed, variable)
• Calculation of annual overheads
• Cutting costs and dealing with your accountant Updated
• Absorb overheads to individual jobs/products
• Calculating your product/service cost
• Estimating breakeven & assessing viability
• Estimate your breakeven in sales for one year/one month/one week
• Time management and costs
• Costing procedures – cost cards and time cards provided
• Costing techniques – batch, process, contract, job, service
• Cost plus pricing - calculating the job/product price
• Mark – up versus Margin – exercises updated
• Pricing for profit
• Factors to consider when pricing a job/product, e.g. customer, competition, product/service
• Pricing and the market including pricing tactics – Updated
• Pricing policy
• Monitoring price performance
• Write your pricing policy – do it right everytime!
• Action plan/checklist

About the Trainer:

Ace Training Ltd. was established in 1998 by Bernadette Farrell, a practicing Chartered Accountant in Kilbeggan where she has a client base of small micro businesses, sole traders, companies and individuals.

She has over thirty years’ experience in finance accounting and over twenty six years’ experience in adult education and training with over twenty four years’ experience training and advising start-ups and micro enterprise and working with LEOs

“A very gifted Teacher,. Excellent at painting the finance landscape for small business. Highly recommended” Costing, Pricing and Cashflow Trainee Cavan

“Bernadette was excellent at imparting her knowledge to the class A ++++” Basic Bookkeeping and Tax Trainee, Kildare