Public Sector Finance – Costing

General

Program Description

Course Outline

Cost Estimation

  • Cost classification
  • Total cost estimation
  • Average cost estimation

Cost Comparison

  • Calculating present value
  • Calculating annualised cost

Incremental Cost Analysis

Cost-Benefit Analysis

  • Introduction to cost-benefit analysis
  • Issues in cost-benefit analysis

Target audience

  • Financial and budget personnel in governments.
  • Anyone who is interested in governmental finance.

Learning outcomes

Upon completion of this course, you will be able to:

  • Calculate total cost, average cost, direct cost, indirect cost, personnel cost, operating cost, and capital cost.
  • Perform cost allocation.
  • Use cost depreciation methods.
  • Apply average cost to determine efficiency.
  • Understand the concepts of present value, future value, time value of money, discount rate.
  • Apply present value of cost in cost comparison.
  • Apply annualized cost in cost comparison.
  • Understand fixed cost, variable cost, marginal cost, and incremental cost.
  • Apply marginal cost in decision making.
  • Apply incremental cost in decision making.
  • Calculate the net present value and the benefit/cost ratio.
  • Understand the conditions to which a cost-benefit analysis applies.
  • Apply the cost-benefit analysis in decision making.
Last updated Mar 2020

About the School

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consulting service provider. We cater to both individual and organisational clients from all o ... Read More

London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consulting service provider. We cater to both individual and organisational clients from all over the world. Read less