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PROGRAMME OBJECTIVES
INTRODUCTION
This module is about discussing the ways companies and organisations can improve their margins and in doing so improve their profits.
For most companies, large or small, the principle is :-
“in order to improve profit you have to increase revenue and/or reduce costs. So whatever business you are involved in, you have to sell more – at an increased price (or) reduce the cost of making it (or) reduce the cost of buying it, (or) reduce the cost of handling it. In other words – improve your cash position.
Simple isn’t it – or is it?
This programme will give you the ability to :-
· Distinguish between fixed and variable costs.
· Use knowledge of this distinction to deduce the breakeven point for some activities.
· Make decisions on the use of spare capacity, using knowledge of the relationship between fixed and variable costs.
· Make decisions about the acceptance (or otherwise) of a particular contract or activity based on the knowledge of the relationship between fixed and variable costs
· This is a generalist programme that is not intended to turn you into an accountant - but it will allow you to view the activities of your organisation in a much more informed way.
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