Operating Costing

🎉 Master Operating Costing in the Service Sector! 🎓

Course Overview

Welcome to our comprehensive course on "Operating Costing In Advance," where Dr. Mohd Saifi Anwar, a seasoned expert, will guide you through the intricacies of understanding and calculating the operating costs within the service sector. This course is meticulously designed for professionals and students alike who are keen to master the art of costing in sectors like transportation, education, hospitality, banking, and more.

Course Contents

1. Introduction to Operating Costing 📘

   • A methodical approach to understanding costs associated with service-based industries.
   • Critical for assessing profitability in the service sector.

2. Application in the Service Sector 🛠️

   • Essential for a variety of sectors: Transport, Education, Hospitality, Software, B.P.O., Insurance, Banking, Electricity, Cinema, Hotels, Canteens, Circuses, DTH, Telecom, Internet, Tourism, Libraries, and Gas.

3. Understanding Operating Costing Methods 💡

   • Learn the nuances of calculating the per-unit cost of services provided.
   • Detailed explanation with examples from road transport.

Course Objectives

1. Cost Analysis 📈

   • Determine the operating costs to establish competitive pricing for services.
   • Analyze profitability of vehicles and routes.

2. Transport Costing 🚗✨

   • Explore both passenger and goods transport costing.
   • Dive into the cost structures of buses, railways, and airlines.

3. Cost Classifications 💰

   • Fixed costs (standing charges) vs. Variable costs (running charges).
   • Learn how to create statements for operating and total operating costs.

4. Goods Transport 📦

   • Understand absolute ton-km and commercial ton-km calculations.
   • Get a grasp on the formulas used in goods transport.

Key Takeaways

• Real-World Applications 🌍

  • Learn how to apply operating costing methods in real-world scenarios across various service sectors.

• Detailed Examples & Case Studies 📊

  • Gain insights from practical examples and case studies that highlight the importance of accurate costing.

• Profitability Analysis 💹

  • Understand how to compare your costs with market rates, ensuring competitive pricing and maximum profitability.

• Maintenance & Repairs Focus 🛠️

  • Learn how to control maintenance and repair expenses to minimize operational costs.

What You'll Learn

• How to calculate depreciation per annum and per kilometer.
• The significance of understanding both fixed and variable costs in service operations.
• Strategies for cost-effective decision-making in transport management.
• Methods to evaluate the efficiency and profitability of different routes and services.

Enroll Now!

Embark on a journey to master operating costing within the service sector with our expertly crafted course. Join us and transform your understanding of costs, pricing, and profitability! 🚀

Enroll in "Operating Costing In Advance" today and take the first step towards becoming a costing wizard in the service industry! 🎓🚀