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.|
Understand the financial impact of changes in margin and mark-up and
Who will benefit?
how this affects profitability
Produce a profit and loss account by product
Produce, understand and challenge your budgets and forecasts
Understand why profit does not equal cash
Consider how your sales impact on cash requirements and the
working capital cycle
Understand purchasing and stock controls: purchase orders, GRNs,
stock cut-off, stock count, stock valuation methods
Analyse management accounts and learn what questions you should be
asking your finance department
Measuring financial performance, using ratio analysis
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
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.