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Course Category: Finance Skills
Understanding the Nature & Behaviour of Costs
CPD Points : 1
Video Duration : 33
The delegate will understand more about how decisions are made in a business and why managing cost is essential.
Key Learning Outcomes
- Recognise the importance of a business having accurate cost information when making decisions about pricing and capital expenditure
- Identify and understand the difference between fixed and variable costs
- Be able to calculate breakeven point using a breakeven chart
- Be able to calculate breakeven point using the contribution method
Who Would Benefit
This module is aimed at those not in a financial role but with a need to understand the impact of costs to the organisation.
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