Your email will be used for sending Abandoned Cart emails

Cost Classification and Allocation for Financial Management – 4 September 2025

Equip business accountants with practical cost classification and allocation techniques they can use to strengthen pricing, budgeting, internal reporting, and financial decision-making, whether advising clients or working within finance teams

Date:

4 September, 2025

Time:

10:00

Hours:

2 hours

CPD Units:

3

Category:

Management Accounting

Group:

Channel 2: Growth

Format:

Live Event

R345,00 VAT incl.

Product Information

This practical session unpacks the full landscape of cost classification and allocation methods used in financial management. You’ll explore how costs behave (fixed, variable, semi-variable), how they function across departments (production, admin, selling, finance), and how they relate to decision-making (sunk, relevant, opportunity, incremental). We’ll cover traceability, controllability, timing (product vs period costs), and the difference between standard and actual costs. You’ll also learn how to allocate indirect costs fairly across products, services, or departments using the right bases. Whether you’re advising clients or managing internal budgets, this session gives you the clarity, structure, and language you need to work with cost data confidently and accurately.

Presenter/s

Michelle de Lange
Michelle de Lange a globally recognised Senior Lecturer in Management Accounting, Michelle shapes future professionals with award-winning dedication and excellence.

What will set you apart

By attending this webinar you will gain the following competencies

 Learn eight practical ways to classify costs for clearer analysis and smarter decisions
✅ Allocate indirect costs with confidence across departments, products, or services
✅ Avoid common cost interpretation errors that distort reports and mislead management
✅ Understand how cost behaviour affects planning, budgeting, and profitability
✅ Communicate cost insights clearly to clients, boards, and executives

Event breakdown

  1. Why cost classification and allocation matter
  2. Overview of the eight major cost classification methods:
    • By Behaviour (fixed, variable, mixed)
    • By Function (production, selling, admin, finance)
    • By Nature or Element (materials, labour, overheads)
    • By Traceability (direct vs indirect)
    • By Relevance (sunk, relevant, opportunity, incremental)
    • By Controllability (controllable vs uncontrollable)
    • By Timing (product vs period costs)
    • By Standard Costing (standard, actual, variance)
  3. Cost allocation methods: choosing a base, ensuring fairness
  4. Common errors and misinterpretations in cost data
  5. Linking cost data to pricing, budgeting, and performance
  6. Practical examples and case studies: advisory and corporate perspectives
  7. Tools to present and explain cost insights effectively
  8. Final checklist: Using cost information to drive smarter financial decisions

Certificate

The following event is awarded 3 CPD units in Management Accounting.

You might also like