Finance for Retail Managers

• Understand the financial impact of changes in margin and mark-up and 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.

Offered either by public seminar or on site.