Economics and Costing gives you knowledge of the importance of financial management for achieving various organisational goals. You learn to apply methods for budgeting, financial planning, costing and follow-up, and to understand the importance of a profitability mindset. The course gives you an understanding of traditional key figures, annual reports and life cycle analysis. The course is part of TUC's YH programme Public Procurement Officer/Buyer and gives you financial tools for making well-founded purchasing decisions.
Purpose and goal of the course The purpose of the course is to give the student knowledge of the importance of financial management for achieving various organisational goals. The student should be able to apply methods for budgeting, financial planning, costing and follow-up, and understand the importance of a profitability mindset. The student should gain an understanding of traditional key figures, annual reports and life cycle analysis.
Purpose and goal of the course The purpose of the course is to give the student knowledge of the importance of financial management for achieving various organisational goals. The student should be able to apply methods for budgeting, financial planning, costing and follow-up, and understand the importance of a profitability mindset. The student should gain an understanding of traditional key figures, annual reports and life cycle analysis.
Methods for budgeting and financial planning in an organisation.
Practical costing and how financial follow-up is carried out.
Interpreting traditional key figures and the content of an annual report.
Assessing costs and profitability over the life cycle of a product or investment.
The course is aimed at students on TUC's YH programme Public Procurement Officer/Buyer who want to build financial skills for purchasing and procurement work.
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Sample Credential with placeholder data. Each credential is issued with the recipient’s details and is verifiable with the provider.