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Principles of Financial Reporting

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Title: Principles of Financial Reporting

Developed by: NRF Foundation

Target Audience: The Retail Management Training Suite is designed to engage a new Sales Manager or Assistant Manager, but it is also ideal for all retail managers who would like to learn and understand more about the retail business.

Hours of Study: 1.5

Course Outline:

  • A Look at Sales Performance
  • Using the Financial Reporting Tools
  • Sales Reports
  • Identifying Top Sellers
  • Drawing Conclusions
  • The Business Analysis Process

NB This course is suitable for use in Microsoft Windows based environments but not MAC environments.

Cost: $50/£33/€45

Group Discounts: 100-249 seats 20% off, 250-499 30% off, 500-999 40% off, 1000+ 50% off

Alternative courses on the same subject: Mindedge has a Retail Math class which covers all the basic arithmetic formulae and calculations necessary when calculating key retail numbers. It is a good class to take if you do not have a good understanding of basic maths before you start to study the financial classes. Retailtraining.com’s Introduction to Retail Finance is a 20 minute program which introduces the three main financial statements and also introduces Open to Buy. It goes on to explain the importance of financial analysis. 6One5’s Managing the Finances of Your Retail Store is also suited to independent retailers and store managers and potential store managers. Martec’s Retail Financials module is more geared to headquarters personnel who need to analyse a company’s financial statements to identify long term trends and performance improvement opportunities by analysing the profit and loss account, balance sheet and cashflow statement along with selected key performance indicators. Companies selling goods and services to retailers will also find this helpful.