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Introduces different cost types and explains how costs are classified and represented within manufacturing environments.
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Product Costing in ERP Fundamentals for Manufacturing
This is part of Finance Fundamentals Package
Product Costing in ERP Fundamentals for Manufacturing
This is part of Finance Fundamentals Package
Self - paced Programme Overview
This self - paced programme is part of Finance Fundamentals Package by our expert Bartosz Tyrala. Manufacturing organisations use ERP systems to structure and analyse product costs across materials, activities and production processes. This course introduces the fundamentals of product costing and explains how cost components, cost structures and costing methods are represented in ERP environments. Through clear explanations and practical examples, learners understand how product costs are described and how costing concepts support interpretation of manufacturing data..
Programme Structure
Key Module 1: Understanding Cost Types in Manufacturing
Key Module 2: Components of Product Cost in ERP Systems
Explains the main components of product cost and how ERP systems structure and represent these cost elements.
Key Module 3: Technical Cost of Production: BOM and Routing
Introduces the role of bill of materials and routing in cost structures and explains how they represent production processes.
Key Module 4: Standard Cost Calculation Methods
Explains standard costing concepts and how organisations structure cost estimation within ERP systems.
Key Module 5: Applying Standard Costing in Manufacturing
Explains how standard costing is described in manufacturing contexts and how cost structures are interpreted.
Key Module 6: Actual Costing and Variance Analysis
Introduces actual costing concepts and explains how differences between planned and actual costs are represented.
Key Module 7: Cost Centres, Activities, and Production Orders in ERP
Explains how cost centres, activities and production orders structure product costing within ERP environments.
Key Module 8: Cost Allocation and Calculation Mechanisms
Explains how costs are allocated and how calculation mechanisms structure cost representation in ERP systems.
Business Outcomes
Learners understand the concepts and terminology used in product costing within ERP systems. They recognise how cost types, cost components and costing methods structure product cost models and can explain how cost data is represented in manufacturing environments.
Is this right for your organisation?
Suitable for organisations introducing teams to product costing concepts in ERP environments. Relevant for professionals in manufacturing, finance or operations who need to understand costing terminology and how ERP systems represent product costs.
Programme Impact
The course creates a shared understanding of product costing concepts and ERP terminology across teams. This supports clearer communication and more consistent interpretation of product cost structures within manufacturing organisations.