Retail Financials — Learn the Main Financial Statements in Retail

This course explores the main financial statements used by retail organizations and how retailers make their money.

To view a sample of this Retail Financials e-learning course select the Video tab above.

Who Is It Suitable For?

This program is designed for:

• People who sell or market to retailers, especially IT suppliers.
• It will also benefit consumer goods manufacturers who sell directly to retailers and those who are involved in manufacturer Direct to consumer (DTC) operations.
• Those who market to retailers to get their content specified in retail products.
• And is also valuable as part of induction training for retail management trainees and for retail IT teams and others, such as Finance, HR and Supply Chain, who need to understand the retail business more fully.

Detailed Content

The detailed content includes:

• Retail profit model:

  Retail profit and loss account

  Average retail profit before tax

  Retail profit model

  Operating expenses

• Balance sheet:

  Balance sheet essentials

  Current assets

  Fixed assets

  Liabilities

  Equity and retained profits

  Return on Net Assets

  Asset utilization

• Industry profitability drivers:

  Building retail sales and profitability

  Maximizing cash flow and profits

  Balancing gross margins, payment terms and inventory turns

• Retail and cost methods of accounting:

  Definitions

  Advantages and disadvantages of the retail method

  Advantages and disadvantages of the cost method

• Summary
• Mastery test
• Learners completing the mastery test and obtaining an 80% pass mark will also receive a mastery certificate upon completion.

Benefits of Studying This Program

Learners studying this program will gain familiarity with the retail industry faster, shortening their path to full productivity.

Customer Feedback

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You can read some of our reviews by clicking the Review tab above.

Hours of Study

1 to 2 hours

Resources Included

The class includes the following downloadable resources for printing and review:

• Module summary
• Retail and Cost Methods of Accounting
• Numbers that matter in retail white paper

Price

The price for a single student is US $68, or UK £54 or EU €62.  This includes one year’s access to the class.

Corporate licences are available.

Pre-Requisites Necessary

None.

After This Program

This program is a module from our Fundamentals of Retail training suite. The next logical program in developing learners’ knowledge is Retail KPIs.