Costing Strategies for Improving Profit (Recorded Access)

“In good times, anybody can make profit. The challenge is to survive during tough times.”

Programme Content:

Marginal Costing
1. Understanding marginal costing principles and appreciation of terms like Contribution, P V Ratio, Break-even point etc.
2. How to use these principles in taking financially intelligent decisions pertaining to pricing of the product, the credit that is offered to customers and availed from vendors, the discount structure etc
Case studies and practice sessions illustrating application of the principles

Leverage Analysis
1. How to calculate the operating, financial and combined leverage multiples.
2. How to use Leverage Analysis to understand the impact on the bottom line of any change in the top line and in understanding the risk profile of any entity.

Who is it for:

• Teams involved in pricing policy, price negotiation
• Those handling the sales and marketing function
• People working in the accounts & costing department
• Middle and senior level managers who need to understand the financial implication of their actions

Program Faculty:

Bestselling author, financial literacy activist, and an international corporate trainer, Dr Anil Lamba is a Chartered Accountant and holds degrees in Commerce, Law and a Doctorate in Taxation.

His training programmes are held internationally, with a client list exceeding 3000 large and medium-sized corporations spread across several countries including India, the USA, and in Europe, Africa, Russia, the Middle-East and the Far-East.

He has also written several books and over 1500 articles. His books, ‘Romancing the Balance Sheet’, ‘Flirting with Stocks’, ‘Eye on the Bottom Line’, ‘Financial Affairs of the Common Man’ and ‘Timeless Wisdom on Finance’ are making waves.