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Finance for Retail Managers
"Over-trading is among tradesmen as over-lifting is among strong men"
-- Daniel Defoe
Our Finance for retail managers course will help you to maximise the financial return on your sales effort, understand the working capital cycle and equip you and your team with the tools to optimise profitability.

[ ]Course content
[Bullet 1]  Understand the financial impact of changes in margin and mark-up and
[ ]  how this affects profitability
[ ]
[Bullet 1]  Produce a profit and loss account by product
[ ]
[Bullet 1]  Produce, understand and challenge your budgets and forecasts
[ ]
[Bullet 1]  Understand why profit does not equal cash
[ ]
[Bullet 1]  Consider how your sales impact on cash requirements and the
[ ]  working capital cycle
[ ]
[Bullet 1]  Understand purchasing and stock controls: purchase orders, GRNs,
[ ]  stock cut-off, stock count, stock valuation methods
[ ]
[Bullet 1]  Analyse management accounts and learn what questions you should be
[ ]  asking your finance department
[ ]
[Bullet 1]  Measuring financial performance, using ratio analysis
[ ]
[Bullet 1]  Understand key performance indicators (KPIs): sales intensity, sales per
[ ]  employee, like-for-like sales, gross profit margins & operating profit
[ ]  margins, cash contribution per store, terminal stock
[ ]Who will benefit?
[ ]
Finance for retail managers is particularly recommended for all managers with budget responsibilities and profit targets.

[ ]Duration: One day

[ ]
Finance for Retail Managers is also available as an in-house course.
         
[Accounting knowledge | for everyone]