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 Sacramento 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 Sacramento 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 Sacramento 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 Sacramento 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 Sacramento 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.

Sacramento is situated near central valley at the joining of the Sacramento River and the American River, as well as it being the capital city of California it is also the sixth largest city within California and is home to around 485,199 people within 2014. Sacramento also has a metropolitan population of an estimated 2,414, 783 in 2010 therefore ranking it in third place as the largest metropolitan population within California. Sacramento is also the seat to the government of Sacramento County, and America’s most diverse city as of Harvard University civil rights project in 2002. There are a number of different types of schools, which are public, private or independent, the independent schools within Sacramento include the Waldorf School and the Sacramento Country Day School which was run by the California Association of Independent Schools as opposed to being one of the Roman Catholic Independent schools. The Public schools include Natomas Unified School District, Twin Rivers Unified School District, Sacramento City Unified School District and Elk Grove Unified School District. Some of the Universities within the city include Sacramento State (California State University, Sacramento) and University of California. Sacramento State University plays a big part in the education of students, as of 2004 they enrolled roughly 22,555 undergraduates within the eight colleges it operates. There is also a few universities with campuses in Sacramento which include the McGeroge School of law – University of Pacific, National University, Western Seminary and the University of San Francisco. All of the Universities offer students different types of courses and degrees some of which include graduate, undergraduate, bachelors, masters and doctoral degrees. Subjects can also differ depending on the institution with regards to public health sciences, administration, project management, business, sciences, law, counselling, education, mathematics, engineering, arts, sports and many more. Sacramento also consists of different schools which practise religion, these being an Islamic school the Masjid Annur, Christian schools such as the Sacramento Adventist Academy and the Capital Christian School as well as a Jewish school which is the Shalom School.

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Address

Sacremento, California

T: +1 7204454674

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 Sacramento. 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 Sacramento, 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.

Streamline large-scale training requirements with The Knowledge Academy's In-house/Onsite at your business premises. Experience expert-led classroom learning from the comfort of your workplace and engage professional development.

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Tailored learning experience

Leverage benefits offered from a certification that fits your unique business or project needs

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Team building opportunity

Our offers a unique chance for your team to bond and engage in discussions, enriching the learning experience beyond traditional classroom settings

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Monitor employees progress

The course know-how will help you track and evaluate your employees' progression and performance with relative ease

What our customers are saying

Costing And Pricing | Management Training in Sacramento FAQs

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The training fees for certification in Sacramento starts from $1295
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Best price in the industry

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Many delivery methods

Flexible delivery methods are available depending on your learning style.

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High quality resources

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"

Joshua Davies, Thames Water

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