Job costing, also known as labor cost allocation, is an incredibly important financial reporting tool which many businesses do not utilise. While running job costing reports, you can identify which clients, programs, staff, and facilities are the most profitable ones. This kind of analysis enables an organisation to monitor its existing activities, recognise opportunities for growth and improve its profitability. Proper project costing leads to better profitability, project estimating, management decisions, and timely financial reporting. Proper job costing uses the costs recorded to a particular contract to reveal the profitability of each job, which can be compared to the original profit estimate.

This is a comprehensive course and will discuss key modules in-depth such as the information systems for the job costing environment, tracking job cost within the corporate ledger, accounting for actual and applied overheads and modern management of cost and quality. Take this opportunity to empower yourself with strong information on measuring and controlling business costs. Information systems that are technologically advanced can be utilised to capture data, analyse data and make sound business decisions.

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