This is a self-development programme in the area of costing and pricing public sector services. It comprises our book and an online assessment. It is aimed at public sector managers (and those working in a non-profit environment) who have to understand the cost of the services they have to provide. This is important to ensure they achieve value for money from the resources under their control. Costing and pricing is particularly relevant for services that are being charged for; or are being compared with other public and private sector providers.
When you purchase this programme you will be sent the book in paperback or pdf format and an access code to our online assessment in the subject. This assessment will allow you to guage your current level of knowledge and application. The assessment can be taken up to three times so you will be able to see how your knowledge has improved as a result of reading the book and undertaking the exercises and self development activities.
We have developed a composite approach to learning for those who are time poor and find it difficult to attend training events. The programme combines online assessments with a topic specific book. We describe the structure of the programme in the following paragraphs.
- To improve the financial competence of learners in the area of costing and pricing.
- To enhance both the underpinning knowledge of the subject, and the ability to practically undertake costing exercises in the workplace.
- To advance the participants skills and abilities, and increase their effectiveness in their current or future job roles.
- To support the continuing development of management skills within the public and non-profit sectors with a view to maximising value for money from limited resources
To ensure that learners understand how to develop unit costs for their services
To enable learners to distinguish between fixed and variable costs
To explain the concept of marginal costs and how these can be used to establish the “price” of a service
To consider different methods of apportioning and allocating costs
To ensure learners understand cost control and how it differs from budgetary control. This includes understanding variance analyses
To demonstrate different types of pricing techniques and provide learners with an understanding of “break-even”
To give examples of cost reduction strategies and consider solutions to common costing and pricing problems
Learners will engage with the programme by reading our book entitled “Costing and Pricing public sector services” which is the learning aid providing information on the topic along with exercises and self-development activities. It provides suggested solutions for the exercises and provides the reader with basic underpinning knowledge. There is also an online assessment for which you have three attempts from a randomised question bank.
The content covers the following:
ESTABLISHING THE COST OF A SERVICE
Elements of Service Cost
Direct and Indirect Costs
Controllable and Uncontrollable Costs
Cost of Capital Investment
Types of Overhead Cost
Methods of Apportionment and Allocation
CALCULATING UNIT COSTS
Unit of Service
Methods of Unit Costing
Choosing a Costing Technique
PRICING PUBLIC SECTOR SERVICES
Marginal Costing and Pricing
Cost Reduction Strategies
COMMON COSTING AND PRICING PROBLEMS ANSWERED
Who is this course for?
This course is ideal for managers, budget holders, those responsible for the organisations resources, and most people working within a public sector or non profit environment. Calculating the cost of a hospital bed, an emergency visit, a review meeting, a care package, and so on, is essential in the current climate when value for money is a priority.
Anyone working in a public sector or non profit environment who wishes to deliver value for money services. It is an excellent course to add to the CV when applying for jobs in this sector, and will assist in interviews for management posts.
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This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.