Understanding the Nature and Behaviour of Costs

Course Overview

The delegate will understand more about how decisions are made in a business and why managing cost is essential. 

Learning Outcomes

By the end of this module the delegate can: 

• 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 on the organisation.

Approach

Maguire Training have created over 100 video-based modules using their own professional training team to present on subjects they are experts in. These videos are jargon-free and delivered with the enthusiasm and engagement you would expect from some of the country’s leading business skills trainers. Each module has interactive questions to check learner knowledge and is accompanied by supporting notes for the learner to read in their own time. Each module is a powerful package of learning designed to maximise learner development.