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Costing Overview
1 students

Costing Overview

An Introductory Course on Costing
Created bySavitha Muthukrishnan
Last updated 1/2025
English

What you'll learn

  • The Course provides an Overview on Costing.
  • Topics covered include Classification of Cost, Costing methods and Techniques, and Cost Estimation methods and Process Steps.
  • Students can familiarize themselves with Fundamentals in Costing as applied to various Industries.
  • Students will be able to leverage the knowledge in their day to day roles.

Course content

1 section • 6 lectures • 1h 4m total length

  • Lecture 1 - Costing Introduction7:24

    This module provides an overview on the Course Content

  • Lecture 2 - Costing vs Cost Accounting2:05

    This snippet explains the difference between Costing and Costing Accounting

  • Lecture 3 - Cost Management vs Cost Control2:16

    This snippet explains the difference between Cost Management and Cost Control

  • Lecture 4 - Costing Overview26:20

    This module provides an Overview on Costing

  • Lecture 5 - Cost Estimation Overview18:58

    This module provides an overview on Cost Estimation

  • Lecture 6 - Costing Automation Tools7:16

    This Snippet provides a short overview on various Automation tools used across Industries for automating costing processes.

Requirements

  • No prerequisites for the Course.

Description

This Course provides an overview on Costing as it applies to various Industries and will be beneficial for all IT professionals including IT Project Managers, Developers, Business Analysts, and Testers.

The Course provides a fundamental overview on the below Topics:

Classification of Cost

Methods of Costing

Costing Techniques

Cost Estimation methods

Cost Estimation process Steps

Automated Costing Tools


Costing is a very Critical process that is needed in every Organization to better plan its budgets, make proactive financial decisions, as well as Strategic decisions to be a competitive player in the Industry. 

The Fundaments provided in this Course is applicable across all Industries. Most Industries and Organizations apply one or more of these Costing methods and techniques in their Business processes. A Consolidated estimated Cost from these is then used to prepare the Organization's Budget plan and Financial plans.

Depending on the Industry or Domain the learner is working in or interested to work in, additional detailed Courses can be pursued to gain in depth knowledge.  Examples of Industries using several of these Costing methods is mentioned as part of the Course.

Upon completion of this Course, Students will be able to better understand and apply their knowledge on Costing in their day to day jobs.

Happy Learning!


Who this course is for:

  • The Course will be beneficial for all IT professionals including IT Project Managers, Developers, Business Analysts, and Testers.

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