Costing Analyst
Profile Code: AL-MFG-01
- ₹6.5 LPA (Median Salary)
- Lecture Duration 2hrs
- Course Duration 10 Weeks
Skills You Learn: Cost Accounting | Standard Costing | Variance Analysis | Budgeting & Forecasting | Inventory Valuation | Financial Reporting | Advanced Excel | ERP Systems (SAP/Oracle) | Data Analysis | Manufacturing Cost Optimization
Overview Video
About This Course
A Costing Analyst in the manufacturing industry focuses on analyzing production costs, tracking cost drivers, and improving profitability through data-driven insights. This course equips learners with the skills to monitor material, labor, and overhead costs, perform variance analysis, and support budgeting and pricing decisions. Participants gain hands-on experience with tools like Excel, along with exposure to cost modeling and basic SQL/BI for reporting. The program emphasizes cost control, standard costing, and financial analysis within production environments. Learners will understand how to identify inefficiencies, optimize resource utilization, and support strategic cost management initiatives. By the end of the course, they are prepared for roles in costing and financial analytics, with career progression into finance, operations, and cost management leadership positions.
Course Content
3 modules · 10 weeks · 2hrs/dayExcel Course
The **Excel Course** covers basic to advanced concepts for Costing Analysts in the Manufacturing industry, including workbook management, formulas, functions, data validation, sorting, filtering, conditional formatting, Pivot Tables, Pivot Charts, XLOOKUP, INDEX-MATCH, Power Query, Power Pivot, cost sheet preparation, product costing, variance analysis, budgeting, overhead allocation, standard costing, activity-based costing, statistical functions, dashboards, What-If Analysis, Solver, VBA automation, KPI reporting, MIS reporting, and interactive dashboards to analyze manufacturing costs, improve profitability, and support data-driven financial and operational decision-making.
ERP/MRP Course
The **ERP/MRP Course** covers basic to advanced concepts for Costing Analysts in the Manufacturing industry, including ERP and Material Requirements Planning (MRP) fundamentals, bill of materials (BOM), inventory management, production planning, procurement, demand planning, work order management, shop floor control, cost center accounting, product costing, standard costing, batch costing, variance analysis, purchase order management, warehouse management, workflow automation, reporting, system integration, compliance monitoring, and manufacturing analytics to optimize production costs, improve inventory control, and enhance operational efficiency.
BI Course
The **BI Course** covers basic to advanced business intelligence concepts for Costing Analysts in the Manufacturing industry, including data integration, data transformation, data modeling, KPI development, dashboard creation, interactive visualizations, cost analysis dashboards, production performance reporting, inventory analytics, profitability analysis, variance reporting, predictive analytics, DAX fundamentals, drill-through reports, automated reporting, executive dashboards, forecasting visualization, performance monitoring, financial analytics, and business intelligence techniques to transform manufacturing and cost data into actionable insights for cost optimization, operational excellence, and strategic decision-making.
Key Responsibilities
- Prepare product cost estimates
- Analyze material, labor, and overhead costs
- Monitor production expenses and variances
- Develop standard costing models
- Support budgeting and forecasting
- Conduct profitability analysis
- Prepare cost reports for management
- Identify cost-saving opportunities
- Assist in inventory valuation and reconciliation
- Collaborate with production and finance teams
Growth Path
Tools Used
Perfect For
Commerce and Finance Graduates | Cost & Management Accounting Students | Aspiring Manufacturing Finance Professionals | Analysts Interested in Cost Control | Professionals Seeking Careers in Industrial Finance
Fee Structure
Mentor
Analytics Learners
Professional Analyst & Mentor
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