Duration:                      1 day course

Delegates:                   up to 10 max

This course is aimed at developing a range of skills and techniques to enable delegates to apply financial management to the areas within their control.

The objectives of the course are:

a)            To demonstrate an understanding of the three key financial statements

b)            To develop a practical understanding of cost control and reduction

c)            To be able to illustrate the relationship between costs and pricing

Course Outline:

• an introduction to financial management
• financial quiz
• review of management accounts and published accounts

The key elements of cost control

• how costs are affected by activity
• knowing which costs can be controlled by the manager
• measures of activity and performance

Costs and pricing

• pricing and marginal costing
• breaking even
• quoting a fixed price

Action planning and feedback