AAT Essentials Understanding Profitability (1 Day)
This AAT Essentials Understanding profitability training course is aimed at business owners and managers who need to ensure that their goods and services are sold at the right price. It unpicks the selling price of a product or service ensuring that all costs are covered, and pricing strategies are appropriate.
What does the course cover?
- Understanding costs.
- Understanding and recovering overheads.
- Planning for profit.
- Pricing strategies
What skills will you gain?
- Classify costs and calculate the direct cost of goods or services.
- Recognise overheads and calculate overhead recovery rates.
- Use appropriate pricing strategies.
- Break-even analysis for planning and monitoring profit targets
Learning outcomes:
- Empower your managers to make profitable business decisions based on finances.
- Raise awareness of the true cost of your businesses products or services to enable more insightful decision making about pricing.
- Increase efficiency by giving managers the ability to plan, monitor and assess proposals in line with profit targets.
Delivery Methodology:
- Presentation by tutor
- Case study
- Practical activity
Course Duration:
1 Day (7 hours / 1 day)
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