Global Learning for Operational Leaders
Classroom
14 sessions
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Online / Live
14 sessions
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Introduction
Course overview
Accurate product and service costs underpin pricing, profitability analysis and cost control. Weak costing leads to unprofitable products and poor decisions.
This Aractech course covers cost concepts and classifications, absorption and marginal costing, job and process costing, overhead allocation, activity-based costing, standard costing and variance analysis, and using costing for decisions. Participants build costing models.
What you will achieve
Learning objectives
- Classify costs and understand behaviour
- Apply absorption and marginal costing
- Use job and process costing
- Allocate overheads using appropriate methods
- Apply activity-based costing
- Use standard costs and variance analysis
Who should attend
Target audience
- Cost and management accountants
- Financial controllers
- Finance analysts
- Production and operations managers
- Pricing managers
- Accountants
Methodology
Learning approach
- Worked examples
- Spreadsheet labs
- Case studies
- Group discussions
- Reviews
Complete course outline
Five focused days of learning and application
The timings provided are estimates and may vary depending on the number of participants and the discussions taking place during the sessions. They are indicative only and do not constitute a binding commitment.
Day 1
Cost Concepts
- Cost classifications
- Cost behaviour
- Cost objects
- Coffee break
- Cost objects (continued)
- Uses of cost information
- Exercise: Cost classification
Day 2
Costing Methods
- Absorption costing
- Marginal costing
- Job costing
- Coffee break
- Job costing (continued)
- Process costing
- Lab: Product cost
Day 3
Overheads and ABC
- Overhead allocation
- Activity-based costing
- Cost drivers
- Coffee break
- Cost drivers (continued)
- Comparison
- Lab: ABC model
Day 4
Standard Costing
- Standards
- Variance analysis
- Interpretation
- Coffee break
- Interpretation (continued)
- Control
- Exercise: Variance analysis
Day 5
Costing for Decisions
- Pricing
- Product profitability
- Make or buy
- Coffee break
- Make or buy (continued)
- Relevant costs
- Capstone: Costing review
FAQ
Frequently asked questions
What does Cost Accounting and Product Costing (AF-040) cover?
This course covers Accounting and Finance through a structured five-day outline focused on practical application, discussion, and implementation planning.
When is the next available session?
The next scheduled session starts on 9 - 13 November 2026. See the course schedules section for the available dates and delivery formats.
Who should attend this course?
Cost and management accountants, Financial controllers, Finance analysts
Is bilingual course delivery available?
Yes. All course materials and presentations are provided in English, while bilingual explanation and discussion support may be available depending on the selected location and trainer availability. For example, when attending a course in Istanbul, you may request a Turkish-speaking trainer to explain the English course content in Turkish. Arabic explanation support may also be requested at this location. Other languages are available in selected cities. You can choose your preferred language support as an optional preference during registration.
How can I register for a session?
Use any Register button next to the available course dates to open the participant registration page and submit your booking request for the selected session.
Is this course available online as well as classroom-based?
Check the course schedules section for currently published classroom and Online / Live sessions.
Where are classroom sessions delivered?
Current classroom venues include Rome, Munich, Barcelona, Paris, Frankfurt, Istanbul.
How long is the training programme?
The programme runs for five days from 09:00 to 14:00, which gives 25 contact hours, including a daily 30-minute break (22.5 hours of instruction).
Quick request
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Choose an available date and venue, add your participants, and we will email a formal quotation for Cost Accounting and Product Costing to your business address.