Costing and Pricing - Finance for non-Financial Managers
Online course with study materials and tutor support included.
Pitman Training Essex and Suffolk
Summary
- Certificate of completion - Free
- Tutor is available to students
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Location & dates
2 St Johns Court, Moulsham Street
CHELMSFORD
Essex
CM20JD
United Kingdom
12 Northgate Street
IPSWICH
Suffolk
IP13DB
United Kingdom
Lansdowne Road
Croydon
Surrey
CR92ER
United Kingdom
Central London
London
WC1A2RP
United Kingdom
Overview
This is a very hands on, practical course in which we deal with real scenarios and help demystify some of the complexities around costing and pricing, so you get the best possible results. We help you see how to be really focused on working smarter to
generate more profit.
CPD
Description
Topic One: What to consider when pricing a product, factors which affect the profitability of a business. Common price-setting strategies, factors which influence the customer’s decision to buy. Ways to check that the price is right, how increasing or decreasing selling price affects profit, ways to market and sell products, defining direct costs and indirect costs, recovering costs.
Topic Two: Examples of a service business, identifying overheads of a typical service business, calculating a suitable hourly rate, defining fixed costs, variable costs and semi-variable costs, understanding the break-even point on a graph, formula to calculate the break-even point, limitations of break-even analysis.
Topic Three: What ‘contribution’ is and how it is calculated, how fixed costs, variable costs, selling price and profit interact, using Excel to carry out appropriate calculations, how contribution theory can help to make business decisions, setting out and interpreting a marginal cost statement, understanding what is meant by ‘absorption costing’.
Who is this course for?
If you work in bookkeeping or accounts or are a small business owner and need to know how to charge out time for staff, how to calculate profit on a job, or project profit in the next year’s turnover, this course is for you.
Requirements
No prerequisites
Career path
Further commercial decision making and management accounting can be studied as part of our AAT Accountancy programmes.
Questions and answers
Certificates
Certificate of completion
Digital certificate - Included
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This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.
