Costing, pricing and forecasting techniques

  • Explain the importance of costs in the pricing strategy of an organization
  • Design a costing system for use within an organization
  • Propose improvements to the costing and pricing systems used by an organization
  • Apply forecasting techniques to make cost and revenue decisions in an organization
  • Assess the sources of funds available to an organization for a specific project
  • Select appropriate budgetary targets for an organization
  • Participate in the creation of a master budget for an organization
  • Compare actual expenditure and income to the master budget of an organization
  • Evaluate budgetary monitoring processes in an organization
  • Recommend processes that could manage cost reduction in an organization
  • Evaluate the potential for the use of activity-based costing
  • Apply financial appraisal methods to analyze competing investment projects in the public and private sector
  • Make a justified strategic investment decision for an organization using relevant financial information
  • Report on the appropriateness of a strategic investment decision using information from a post audit appraisal
  • Analyze financial statements to assess the financial viability of an organization
  • Apply financial ratios to improve the quality of financial information in an organization’s financial statements
  • Make recommendations on the strategic portfolio of an organization based on its financial information

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