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Course Description
Managing your business finances doesn’t have to be complicated. Our Business and Finance Management course breaks down the essentials into four straightforward, practical sub-courses. Whether you’re new to financial management or looking to refine your skills, this course will empower you to make smart financial decisions that drive your business forward.
What You’ll Learn?
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Costing:
Learn the true cost of your products or services. In this sub-course, we’ll teach you how to calculate and analyze your costs accurately. Understanding this will help you set the right prices, increase profitability, and stay competitive in the market.
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Budgeting & Forecasting:
Planning for the future is crucial for any business. This sub-course covers the basics of creating realistic budgets and forecasts. You’ll learn how to predict your income and expenses, set financial goals, and plan for growth, ensuring your business stays on track.
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Cashflow:
Cash is the lifeblood of your business. In this sub-course, you’ll discover how to manage your cash flow effectively, ensuring you always have enough money to cover your expenses and invest in opportunities. We’ll provide simple techniques to maintain a healthy cash flow and avoid financial pitfalls.
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Cost Control:
Keeping costs under control is key to maximizing profits. This sub-course will show you how to identify and reduce unnecessary expenses without sacrificing quality or efficiency. You’ll learn practical strategies to make your business more cost-efficient, helping you get the most out of every dollar.
Course Content
Types of Cost
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Introduction
01:57 -
Fixed Costs
03:17 -
Variable Costs
03:00 -
Semi-Variable Costs
02:53 -
Direct & Indirect Costs
04:31 -
Other Costs Concepts
04:50 -
Scenario
02:05
Costing Methods
Cost Control & Analysis
Budgeting & Forecasting
Financial Statements & Cashflow
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