Tracking and Cost Analysis Course
This tracking and cost analysis course by FiguringOutData 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.
Following this tracking and cost analysis course you will be able to:
Use Excel to track and analyse costs from the Xero finance application.
Relate spend to value within your business providing insights into operational efficiency and service effectiveness.
Identify where to strengthen financial controls.
Challenging costs in order to establish a base line for sustainable operation.
Identify how to spend in ways that help to drive profitability.
Workshop structure:
Tracking your costs using Excel and Xero.
Discovering what’s driving your costs and whether they are adding value.
‘Zero basing’ your costs to focus on just those delivering value.
Spending to build profit.
Exploring costs to find meaningful relationships to support predictions and forecasts.