Finance for Retail Managers
Short course
In Sandbach
Description
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Type
Short course
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Location
Sandbach
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. Suitable for: Finance for retail managers is particularly recommended for all managers with budget responsibilities and profit targets.
Facilities
Location
Start date
Start date
Reviews
Course programme
- 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.
Finance for Retail Managers