Course information

Costing and Pricing Training Course Outline

Module 1: Introduction to Costing

  • Costing
  • Concepts of Costing with Example
  • Variable and Fixed Costs

Module 2: Introduction to Pricing

  • Pricing
  • Concepts of Pricing
  • Methods

Module 3: Costing and Pricing Procedures

  • Identifying Costs
  • Price-Quality Strategy
  • Setting Pricing Policy

Module 4: Price-Reaction Programme

  • Working of Price-Reaction Programme

Module 5: Break-Even Point Formula

  • Introduction
  • Calculation
  • Components
  • Break-Even Point with Graph
  • How to Use a Break-Even Analysis?
  • Limitations

Module 6: Strategies of Pricing

  • Demand Pricing
  • Competitive Pricing
  • Cost-Plus Pricing
  • Penetration Pricing
  • Price Skimming
  • Economy Pricing
  • Psychological Pricing
  • Discount Pricing
  • Geographic Pricing
  • Price Bundling

Module 7: Absorption Costing

  • Overview
  • Components of Absorption Costing
  • Absorption Costing Formula Using Excel
  • Absorption Costing Vs Variable Costing
  • Advantages

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Who should attend this Costing and Pricing Training Course?

The Costing and Pricing Course in Kolkata is tailored for professionals who are involved in financial decision-making, product pricing, cost analysis, and ensuring overall business profitability. This course can benefit a wide range of professionals, including:

  • Finance Managers
  • Product Managers
  • Entrepreneurs and Business Owners
  • Sales and Marketing Managers
  • Operations Managers
  • Procurement and Supply Chain Managers
  • Consultants

Prerequisites of the Costing and Pricing Training Course

There are no formal prerequisites for this Costing and Pricing Course.

Costing and Pricing Training Course Overview

Costing and Pricing are fundamental aspects of financial projection and programme management. These processes are intricately connected, with price analysis focusing on vendor unit prices, while cost analysis encompasses the cost of delivering the item to the vendor, ultimately defining the suitability of the quoted price. Understanding these concepts through this training in Kolkata is pivotal for professionals seeking to make informed financial decisions.

Proficiency in costing and pricing is essential for a wide range of professionals, including Project Managers, Financial Analysts, Procurement Specialists, and Business Leaders. It enables them to make strategic decisions, set competitive prices, and assess the feasibility of project costs. The knowledge gained through this training is particularly valuable for individuals responsible for budgeting and financial planning within their organizations.

The Knowledge Academy's 1-day Costing and Pricing Training in Kolkata provides delegates with a comprehensive understanding of the various aspects of costing and pricing in business. Delegates will gain insights into different costing and pricing strategies, including setting price policies and utilizing essential formulas like the Break-Even Point Formula and Absorption Costing.

Course Objectives

  • To comprehend the principles of costing and pricing in financial analysis
  • To gain practical knowledge of costing and pricing strategies
  • To learn how to set effective price policies
  • To master essential costing and pricing formulas
  • To evaluate and analyze price history and projections
  • To assess the cost of resources and labor in financial planning

Upon completing this course, delegates in Kolkata will be well-equipped to make informed financial decisions, set competitive prices, and assess the feasibility of project costs. They will have a solid understanding of costing and pricing strategies, which will empower them to excel in their roles and contribute to effective financial planning and budget management within their organizations.

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What’s included in this Costing and Pricing Training Course?

  • World-Class Training Sessions from Experienced Instructors 
  • Costing and Pricing Certificate
  • Digital Delegate Pack

Why choose us

Our Kolkata venue

Includes..

Free Wi-Fi

To make sure you’re always connected we offer completely free and easy to access wi-fi.

Air conditioned

To keep you comfortable during your course we offer a fully air conditioned environment.

Full IT support

IT support is on hand to sort out any unforseen issues that may arise.

Video equipment

This location has full video conferencing equipment.

Kolkata is situated on the east bank of the Hooghly River within East India, as well as it being the capital city of West Bengal, it plays a big part within East India’s educational, cultural and commercial industries. Calcutta as the city is otherwise known has a metropolitan population of around 14.1 million recorded in 2011 which makes it the third most populated metropolitan area within India, the city itself was home to around 4.5 million people in the same year. Kolkata has some history within its ports as the Port of Kolkata is the oldest one within India that is still used for operations. The secondary schools and universities within Kolkata can be owned either by the international board, central or state government or be privately owned. However not everyone is able to or goes to school, therefore, there are initiatives put in place to get more children into school such as the Shikhshalaya Prakalpa which also looks to improve the quality of teaching within the schools as well. Secondary schools within Kolkata include the Hare school, Hindu School and the La Martiniere Calcutta which is a Christian school, founded in 1835 which makes it one of the oldest within India. As well as one of the oldest schools, Kolkata is also home to two of the oldest engineering institutes within in India these being the Bengal Engineering and Science University and the Jadavpur University. There are many universities within Kolkata some of which include the Amity University, Aliah university, the Indian Institute of Science Education and Research, Kolkata, West Bengal National University of Animal and Fishery Sciences, West Bengal National University of Health Sciences, Techno India University and West Bengal National University of Juridical Sciences, Indian Statistical Institute, Indian institute of Foreign Trade and the Rabindra Bharati University. Kolkata also has two universities that are recognised as universities with potential for excellence these being the Jadavpur University and the Universtiy of Calcutta. The universities all offer different opportunities such as the public universities offer students their own diplomas and degrees. Courses can range from health sciences, management, science, engineering, medical, business, marine engineering, animal and fishery science, dentistry, science education and research as well as foreign trade.

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Address

P, 21A,Old Ballygung Road.
3rd Floor (above Chinese Pavilion)
Near Birla Mandir.
Kolkata 700019
(West Bengal)

T: +91 8037244591

Ways to take this course

Experience live, interactive learning from home with The Knowledge Academy's Online Instructor-led Costing And Pricing | Management Training in Kolkata. Engage directly with expert instructors, mirroring the classroom schedule for a comprehensive learning journey. Enjoy the convenience of virtual learning without compromising on the quality of interaction.

Unlock your potential with The Knowledge Academy's Costing And Pricing | Management Training in Kolkata, accessible anytime, anywhere on any device. Enjoy 90 days of online course access, extendable upon request, and benefit from the support of our expert trainers. Elevate your skills at your own pace with our Online Self-paced sessions.

Experience the most sought-after learning style with The Knowledge Academy's Costing And Pricing | Management Training in Kolkata. Available in 490+ locations across 190+ countries, our hand-picked Classroom venues offer an invaluable human touch. Immerse yourself in a comprehensive, interactive experience with our expert-led Costing And Pricing | Management Training in Kolkata sessions.

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Small class sizes

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Achieve certification without breaking the bank. Find a lower price elsewhere? We'll match it to guarantee you the best value

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Team building opportunity

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Costing And Pricing | Management Training in Kolkata FAQs

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The training fees for certification in Kolkata starts from INR24995
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Resources are included for a comprehensive learning experience.

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"Really good course and well organised. Trainer was great with a sense of humour - his experience allowed a free flowing course, structured to help you gain as much information & relevant experience whilst helping prepare you for the exam"

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