The selection below consists of a mixture of finance and business skills you may need to acquire or develop:
Accounting Issues (finance and management)
- Reading Profit and Loss Accounts with confidence
- Interpreting Balance Sheets and completing health checks on your own or on other companies
- Introducing and managing effective budgetary control systems
- Determining BEP at various cost/volume levels
- Understand clearly the relationship between fixed and variable cost
- Application on marginal costing techniques to make/buy decisions
- Pricing for Profit – maximise results by applying price / volume / cost matrices to new or existing services
- Using spreadsheets to determine correct overhead allocation rates
- Delivering a set of robust financials to Venture Capitalists
- Using spreadsheet formulas effectively – including the use of anchors to consider ‘what if’ situations to debatable outcomes.
(note this list is not exhaustive)
Number crunching issues
- Averaging and SD
- Analysis of sales data
- Market Research
- Hypothesis testing
- Forecasting
- Production quotas
- Time Series
- Correlation and Regression
(note this list is not exhaustive)
