Public Sector Finance - Costing

• Cost classification
• Total cost estimation
• Average cost estimation

• Calculating present value
• Calculating annualised cost

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

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 conditions to which a cost-benefit analysis applies.
• Apply the cost-benefit analysis in decision making.