The Key Relationship – Cost, Volume and Profits

Course Outline

Overview

This training workshop looks at the impact that varying levels of costs and volume have on operating profit.

Agenda

• Costs for decision-making
• Breakeven analysis
• Types of profit
• Cost management strategies

Target Audience

This training workshop is suitable for:

• Staff responsible for budget preparation and reporting.
• Managers who are budget holders or have budget responsibility.
• Staff with planning responsibility who need a deeper understanding of costs and budgets.

Learning Outcomes

Upon completion of this training workshop, you will understand:

• The importance of understanding cost behaviour.
• Why the term “profit” has a number of meanings.
• How to build a cost management strategy.