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Professional training course · AF-040

Cost Accounting and Product Costing

Accurate product and service costs underpin pricing, profitability analysis and cost control. Weak costing leads to unprofitable products and poor decisions. This LLMI…

  • 5 daysClassroom or online
  • 13Upcoming dates
  • 6Cities
  • £2,850Fees from
View dates & register Get quotation Download PDF
Cost Accounting and Product Costing
Next classroom session Munich 14 - 18 Dec 2026 · £4,250 Also available Barcelona 18 - 22 Jan 2027 · £3,850

Course overview

Why Attend

Accurate product and service costs underpin pricing, profitability analysis and cost control. Weak costing leads to unprofitable products and poor decisions.

This LLMI course covers cost concepts and classifications, absorption and marginal costing, job and process costing, overhead allocation, activity-based costing, standard costing and variance analysis, and using costing for decisions. Participants build costing models.

Course Objectives

Classify costs and understand behaviour

Apply absorption and marginal costing

Use job and process costing

Allocate overheads using appropriate methods

Apply activity-based costing

Use standard costs and variance analysis

Target Audience

Cost and management accountants

Financial controllers

Finance analysts

Production and operations managers

Pricing managers

Accountants

Course Methodology

Worked examples

Spreadsheet labs

Case studies

Group discussions

Reviews

Course outline

  1. 1Day 1: Cost Concepts
    • Cost classifications
    • Cost behaviour
    • Cost objects
    • Uses of cost information
    • Exercise: Cost classification
  2. 2Day 2: Costing Methods
    • Absorption costing
    • Marginal costing
    • Job costing
    • Process costing
    • Lab: Product cost
  3. 3Day 3: Overheads and ABC
    • Overhead allocation
    • Activity-based costing
    • Cost drivers
    • Comparison
    • Lab: ABC model
  4. 4Day 4: Standard Costing
    • Standards
    • Variance analysis
    • Interpretation
    • Control
    • Exercise: Variance analysis
  5. 5Day 5: Costing for Decisions
    • Pricing
    • Product profitability
    • Make or buy
    • Relevant costs
    • Capstone: Costing review

Schedule

Dates and fees

13 upcoming dates in 6 cities. Fees are per delegate; bring colleagues and every seat is discounted. Every date can also be joined live online for £1,280.

All dates as PDF
December 2026
14DEC 14 - 18 Dec 2026Mon to Fri · 5 daysNext session
Germany flag MunichGermany · Classroom
£4,250per delegate2+ people: £3,400 each
Register
January 2027
18JAN 18 - 22 Jan 2027Mon to Fri · 5 days
Spain flag BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Register
February 2027
15FEB 15 - 19 Feb 2027Mon to Fri · 5 days
France flag ParisFrance · Classroom
£3,250per delegate2+ people: £2,600 each
Register
March 2027
15MAR 15 - 19 Mar 2027Mon to Fri · 5 days
Germany flag FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
Register
April 2027
19APR 19 - 23 Apr 2027Mon to Fri · 5 days
Spain flag BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Register
May 2027
17MAY 17 - 21 May 2027Mon to Fri · 5 days
Turkey flag IstanbulTurkey · Classroom
£2,850per delegate2+ people: £2,280 each
Register
June 2027
21JUN 21 - 25 Jun 2027Mon to Fri · 5 days
Italy flag RomeItaly · Classroom
£4,250per delegate2+ people: £3,400 each
Register
July 2027
19JUL 19 - 23 Jul 2027Mon to Fri · 5 days
Germany flag MunichGermany · Classroom
£4,250per delegate2+ people: £3,400 each
Register
August 2027
16AUG 16 - 20 Aug 2027Mon to Fri · 5 days
Spain flag BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Register
September 2027
20SEP 20 - 24 Sep 2027Mon to Fri · 5 days
France flag ParisFrance · Classroom
£3,250per delegate2+ people: £2,600 each
Register
October 2027
18OCT 18 - 22 Oct 2027Mon to Fri · 5 days
Germany flag FrankfurtGermany · Classroom
£3,250per delegate2+ people: £2,600 each
Register
November 2027
15NOV 15 - 19 Nov 2027Mon to Fri · 5 days
Spain flag BarcelonaSpain · Classroom
£3,850per delegate2+ people: £3,080 each
Register
December 2027
20DEC 20 - 24 Dec 2027Mon to Fri · 5 days
Turkey flag IstanbulTurkey · Classroom
£2,850per delegate2+ people: £2,280 each
Register

Questions

Frequently asked questions

How long is the Cost Accounting and Product Costing course?

The course runs over 5 days of classroom training, usually Monday to Friday.

When is the next Cost Accounting and Product Costing course?

The next public date is 14 - 18 Dec 2026 in Munich. There are 13 upcoming dates in total.

Where is this course held?

Upcoming sessions run in Munich, Barcelona, Paris, Frankfurt, Istanbul, Rome.

Can I take Cost Accounting and Product Costing online?

Yes. Every date can also be joined live online in a virtual classroom with the trainer, for £1,280 per participant. Choose "Live online" in the dates table when you register.

How much does the course cost?

Fees start from £2,850 per delegate, depending on the city. Fees include tuition and course materials.

Do participants receive a certificate?

Yes. Delegates who complete the course receive a London Leadership Management Innovation certificate of completion.

Can this course be delivered in-house for our team?

Yes. LLMI can tailor and deliver this course privately for your organisation at your premises or in one of our training cities.

Course information last updated 14 November 2026.

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