* Course language determined by audience's


Course Outline

The practice of product and service costing is critical for any type of business; big, small, start-up or established. And the reason is simple: without founded knowledge about what it costs to produce or acquire a product and/or to render a service, a manager or business owner will never be able to set a price that is competitive and that leads to business profits. This crash course aims at making the art of determining costs for products and services easier to participants by covering the material with lots of examples and exercises. 

Course Objectives

By the end of the workshop, participants will be able to:

  • Describe the importance of adopting product and service costing
  • Explain different costing terminologies
  • Determine unit costs of products using merchandise costing
  • Determine unit costs for items produced using production costing
  • Determine unit costs for services rendered using service costing

Target Audience

Starting entrepreneurs in search of techniques to properly cost their products and/or services;
Executives, managers and administrators of established SME companies looking into revamping their existing costing methods; and anyone interested in the topic of product and service costing.

Key Topics

The key topics covered in the course are:

  • Fundamentals of product and service costing
  • Costing terminologies: direct and indirect costs, variable and fixed costs, inventoriable and period costs
  • Merchandise Costing methods
  • Job (Order) Costing method
  • Activity-Based Costing method
  • Service Costing method


Participants need to complete class assignments successfully.

A Certificate of Participation is awarded if the workshop is successfully fulfilled.

Course Fee in Aruban Florins

Per participant: AFl. 95.=

Includes: course material, handouts, snacks, coffee and refreshments.

Location and Dates

Location: EC&T Office & Training Facility (Newtonstraat 1-A)
Next workshop date: Wednesday April 8, 2020

Workshop length: 3 1/2 hours
Time: 6:00 PM - 09:30 PM

We reserve the right to alter dates, content, venue and trainer.

Discount Plans and Cancellation Policies

We offer discount plans for group bookings and in-house course and workshop facilitation. Click here for details about our discount plans and cancellation policies.

Register Online or Download Course Registration Form:

​​Length:           1/2 day

Effort:             Active participation

Level:              Beginner

Language:     English, Dutch or

                          Papiamento *

Exam:             None

​Credits:          N/A

Fee:                 AFl.   95.= (p/p)



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