Coming Soon !!! - Generational Wealth Creation - by Mbi Mbapeh

Cost

costing

Project Details

CLIENT

DATE

IN

SKILLS

LINK

Project Description

THE FUNDAMENTALS OF COSTING AND PRICING

Workshop and Train partner organizations to prepare thorough budgets and cost estimates for their work, while also calculating a margin that allows them to be mission driven and market focused.  During the course participants learnt the basic vocabulary of financial accounting, examine the various types and sources of costs and margin, and create models to monitor their revenue, costs, and income over time, so that prices can be adjusted in keeping with their financial goals. A comprehensive financial modeling tool was introduced to facilitate the development of sound budgets that cover costs and generate income.

 

Objectives

By the end of this program, participants were able to:

 

  1. Understand and use basic financial accounting vocabulary related to costing, budgeting, and margin
  2. Navigate and use the Financial Modeling Tool for Costing and Pricing
  3. Describe the types of costs and incorporate them into the budget
  4. Describe the sources of margin and include them in the budget
  5. Develop a revenue forecast based on cost and price of delivering products and services
  6. Use financial metrics to monitor and report on financial performance

 

Client : Grants Management Services (GMS) – PEPFAR, USAID

Date: 2013 – 2014

Locations: Cote d’Ivoire, Kenya, Cameroon,