Outlines

Understand Basic Financial Statements and Terminology

• Balance sheet – assets, equity and liabilities
• Profit and loss account – matching revenues to expenses
• Accruals accounting- Difference between profits and cash
• Understand the use of Absorption Costing in decision making
• Product costing – direct and indirect costs
• Management of overheads – over / under absorption and its impact on marketing
• Use of absorption costing in pricing decisions
• Sales Planning and Forecasting
• Understanding the importance of effective sales forecasting, its impact on budgeting management and company performance
• Pricing policies - Impact of price on profitability
• Tracking profitability performance ratios
• Using marginal costing techniques
• Effective Working Management
• accounts receivables management
• inventory management – inventory turns
• accounts payables management
• Measuring working capital management - operating cash cycle

Who Should Attend

For all senior financial and executives in every functional management area and industry.

Duration

5 Days