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Tracking and analysing cost

This course is for business leaders who want to gain a greater understanding of their costs and be confident that money spent is driving value in the business.

It starts with the simple mechanics involved in getting a record of transactions into Excel where it can be explored for trends and relationships. 

It then addresses how spend can be better understood – in terms of the factors that drive spend and how those factors are therefore influencing profitability.  And it explores how costs can be challenged in order to reduce unnecessary and non-essential spend without impacting the fundamental health and profitability of the business.

Close up of smiling group mixed gender and ethnicity working at desk covered with spreadsheets and a lap top
Following this course you will be able to:
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Use Excel to track and analyse costs from the Xero finance application.
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Relate spend to value within your business providing insights into operational efficiency and service effectiveness.
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Identify where to strengthen financial controls.
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Challenging costs in order to establish a base line for sustainable operation.
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Identify how to spend in ways that help to drive profitability.
Workshop structure:
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Tracking your costs using Excel and Xero.
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Discovering what’s driving your costs and whether they are adding value.
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‘Zero basing’ your costs to focus on just those delivering value.
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Spending to build profit.
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Exploring costs to find meaningful relationships to support predictions and forecasts.

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