Course
Cost Model Fundamentals (0200)
B1) Cost Model Apprenticeship
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01) IT Financial Management (ITFM)
Cost Model Fundamentals (0200)

(+- 25 minutes)


Identify the key components of a cost model, understand Total Cost of Ownership (TCO), and apply these concepts in a way that ensures accurate cost allocation and reporting.

Lesson 1 - Introduction to Cost Models

Lesson 2 –...

Financial & Framework Foundations for Cost Modelling (0204)
B1) Cost Model Apprenticeship
Financial & Framework Foundations for Cost Modelling (0204)

(approx 45 minutes)


The purpose of this course is to give you the essential financial and framework knowledge that underpins cost modelling. With this foundation, you’ll be able to explain why and how MagicOrange is built around principles like...

Bridging the Gap: Understanding IT for Finance Professionals (0205)
B1) Cost Model Apprenticeship
/
01) IT Financial Management (ITFM)
Bridging the Gap: Understanding IT for Finance Professionals (0205)
(approx 45 mins) 


With the skills from this course, you will be better equipped to engage with IT colleagues, interpret IT-related financial data, and use MagicOrange to help your organization make informed, value-driven decisions.


▪ Introduction...
Integrating TCO, CAPEX, and Lifecycle Costing in
IT Asset Management (0361)
B2) Cost Model Magician
/
01) IT Financial Management (ITFM)
Integrating TCO, CAPEX, and Lifecycle Costing in IT Asset Management (0361)

Estimated Duration: 40 minutes

Course Objective:

Deepen understanding of Total Cost of Ownership (TCO) and lifecycle costing across CAPEX and OPEX, integrating accounting principles such as software capitalization and amortization.


• Re-examining...

Insights into Software Capitalization (0362)
B2) Cost Model Magician
/
01) IT Financial Management (ITFM)
Insights into Software Capitalization (0362)
(approx 40 minutes) ▪ What is software capitalisation? ▪ Benefits and drawbacks of software capitalization ▪ When and what can be capitalized? ▪ How do you calculate software capitalization? ▪ How does it affect application total...
ITFM Mastery: Budgeting, Forecasting & Variances (0363)
B2) Cost Model Magician
/
01) IT Financial Management (ITFM)
ITFM Mastery: Budgeting, Forecasting & Variances (0363)

(Duration: 40 min)
Are you ready to elevate your IT financial management skills and drive real business value? In this course, you'll master the essential practices of budgeting, forecasting, variance analysis, and financial reporting—core tools...

IT Cost Allocation & Driver-Based Modeling for ITFM and TBM (0368)
B2) Cost Model Magician
/
01) IT Financial Management (ITFM)
IT Cost Allocation & Driver-Based Modeling for ITFM and TBM (0368)

Duration: 40 min

• The Role and Principles of Cost Allocation in ITFM and TBM

• Allocation Methods and Driver-Based Modeling Approaches

• Integrating FinOps: Consumption-Based Drivers for Cloud and Modern IT

• Evaluating and Communicating...

KPIs & Analytics for ITFM: Measuring Model Performance (0369)
B2) Cost Model Magician
/
01) IT Financial Management (ITFM)
KPIs & Analytics for ITFM: Measuring Model Performance (0369)

Duration: 50 min

• The Role and Purpose of KPIs in ITFM and TBM

• Categories and Design of Effective ITFM KPIs

• Measuring and Analyzing Model Performance in ITFM

• Applying KPI Insights for Continuous Improvement and Accountability

Insights into Showback vs Chargeback (0470)
B3) Cost Model Magus
/
01) IT Financial Management (ITFM)
Insights into Showback vs Chargeback (0470)
(approx 30 min) ▪ What is Showback? ▪ What is Chargeback? ▪ Implementing Chargeback ▪ Key differences between Showback and Chargeback ▪ What is Bill of IT?

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