Product Costing - A Series of Cases

This one-day course enables you to understand costing and its use in business. It assists you in fully utilizing the advanced functionality in Product Costing, which is an invaluable tool for achieving cost effectiveness throughout your enterprise.

What Does This Course Cover?
This course aims to explain product costing, its use in business and best practice using Lawson M3 as well as to give you a detailed understanding of the costing methods and models available in Lawson M3.

The course covers:
· The concepts of product costing and business requirements
· How product costing is performed in Lawson M3
· How and when to use the different costing methods in Lawson M3, i.e. standard, dynamic and actual
· How and when to use the different cost drivers and elements
· How costing methods, drivers and elements affect cost accounting and the financials
· Use of production statistics for order costing and analysis.

Who Should Attend?
This course is recommended for management/ cost accounting and purchasing personnel that want realistic purchase costing that can be managed effectively using Lawson M3.
To fully benefit from this course, we recommend that you have:
· A basic understanding of product costing and cost accounting
· Familiarity with the item and product structure files
· An understanding of the production flows
· Successfully completed the Product Costing Introduction course.

PCO 1.00 Symbol Explanation

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Information about course dates is only available for Lawson customers who are logged on to the Customer Community.

You must register to gain access to Customer Community. Then you will have access to our entire course offering.