PROCESS COSTING

Articulating the benefits of your product is something successful business owners and entrepreneurs can do easily, but how well do you understand your product from a cost perspective? IBioIC are offering CPD on Process Costing at 3 levels. Delegates will be able to build knowledge and increase the complexity of their cost model through the 3 levels of training.

Constructing a cost model will enable you to determine which of your costs are the most important to your business.  Successful businesses use that knowledge to drive process development and optimisation, giving you the confidence you need to understand your profitability and answer the questions an investor will want to know.

IBioIC are offering CPD on Process Costing at 3 levels.  Delegates will be able to build knowledge and increase the complexity of their cost model through the 3 levels of training.  Check the events page to see when the courses are running or contact info@ibioic.com.

Level 1 – Plan, Do
Half-day theoretical course to understand the structure of a process cost, provide the tools to carry out basic cost calculations and begin to understand investment costs (Plan). You will be able to put these skills to the test in a business example, demonstrating how to apply the learning to your own business process on return to work (Do). See the course details from the January 2020 edition of this course.


Level 2 – Check
Half-day consultancy-style training to review how you’ve applied your level 1 knowledge to your existing cost model, or used the level 1 knowledge to construct a model for a new process. This will reinforce your learning and give you the opportunity to check how you’ve applied your learning.  You’ll have the opportunity to refine the model with additional support.

Level 3 - Act
This level of training will enable you to deepen your understanding and develop an advanced, probability-driven model for your process.