Improving Business Profits

by

his course takes a comprehensive look at how to improve profitability. Discover the processes necessary for enhancing revenue, optimising costs, eliminating waste and maximising assets and finance.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

Improving Business Profits

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

Improving Business Profits

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Create a good foundation for business success and improving profits
  • Apply practical approaches to improve revenues keeping the existing customer base in mind
  • Deploy different methods designed to optimise costs, deliver value, eliminate waste and non-value-added costs
  • Identify practical ways your business can make use of its assets and control its liabilities
  • Understand why motivation and communication are key in establishing realistic objectives

About the course

As accountants, we are always looking for ways to improve profitability. But how do you increase sales and reduce cost at the same time? For sustainable improvements, you need to put in place a structured approach that looks across the whole business to improve productivity.

This course takes a comprehensive look at the options you and your clients have for long-term improvement. You will learn how to control costs by examining pricing strategies and margins. Discover how to maximise customer profitability, through controlling inventory, eliminating waste and you’ll look at ways to boost profits by making use of assets and controlling liabilities.

Contents

Building the foundations for success

Improving profits
Key motivation factors
The importance of communication
The process of communication
Setting business objectives
Beating boredom
Key success factors
Diversification
Improving business processes
Going digital

Improving revenues

Customer profitability analysis
Brand value
The product life cycle
Watching revenues
Product planning
New market barriers
Pricing issues
Maximising gross margin
Upselling
Innovation strategies

Optimising costs

Cost optimisation
Identifying opportunities
Who is responsible?
Strategic initiatives
Waste reduction
The basis for costing
Cut it out!
The supply chain

Maximising assets and finance

Considerations
Budgeting
Asset management
Tangible assets
Managing cash
Inventory management
Manging receivables
Managing payables

How it works

Author

John Taylor

John Taylor

John is a Chartered Accountant who has spent many years advising small and medium-sized businesses across the North of England. John is the author of two industry standard textbooks: Millichamp – Auditing and Forensic Accounting. He has also written several auditing textbooks for AAT courses.