1 - Getting the 'Right ' Numbers
Qualitative vs. Quantitative Decision-MakingStandardsEffective and Efficient DecisionsConstraints
2 - Review of the Financial Statements
The Balance Sheet and Income StatementStatements of Cash FlowWhat the Financial Statements Do Not Tell You
3 - Making Money
Maximizing Profit or Minimizing CostThinking in UnitsDefining Cost
4 - Identifying Costs and Their Behaviors
Fixed, Variable, and Mixed CostsRelevant RangeCost Per UnitCost Categories on the Income StatementDiscerning Variable CostsDiscerning Mixed Costs
5 - Controlling Costs
Contribution Margin on the Income StatementActivity-Based CostingNon-Value-Added Activity
6 - Am I Breaking Even?
The Cost-Volume-Profit GraphThe Contribution Margin Approach to Break-EvenCalculating 'What If' ProfitMargin of Safety
7 - Operating Leverage
Defining Operating LeverageOperating Leverage and the Bottom Line
8 - Influences on Pricing
Pricing in Line with the CompetitionTrade-Offs Between Price and DemandElasticity of Demand IllustratedMarket and Cost Influences on PricingQualitative Factors in Relation to Price
9 - Making the Numbers Work for You
Responsible Decision-MakingQuality Mangement
Actual course outline may vary depending on offering center. Contact your sales representative for more information.
Who is it For?
This course is intended for non-financial individuals who want to gain basic knowledge of accounting fundamentals.