Welcome to the “Finance for Everyone Toolkit: Costs and Expenses” video lesson intended to help learners effectively manage their various costs and expenses. During this lesson, viewers will learn the difference between expenses and costs and become familiar with common costs and expenses they will encounter as part of business. Finally, viewers will examine two major types of expense classification that organizations typically use. This video lesson is part of the “Finance for Everyone Toolkit,” which provides non-financial employees with foundational knowledge on finance topics.
Overview
COURSE DIFFICULTY
COURSE DURATION
8m
Skills Learned
After completing this online training course, students will be able to:
Understand the Importance of Tracking Costs and Expenses
Differentiate Between Fixed and Variable Costs
Analyze Cost Structures to Improve Profitability
Create and Manage a Budget Effectively
Implement Cost-Reduction Strategies
Finance Professionals, Small Business Owners, Budget Analysts, Students in Finance or Business Studies
Basic Understanding of Financial Concepts, Familiarity with Spreadsheets
01. Introduction to Costs and Expenses
02. Types of Costs: Fixed vs. Variable
03. Budgeting Fundamentals
04. Cost Analysis Techniques
05. Strategies for Cost Reduction
SKILLS LEARNED
Skills Learned
After completing this online training course, students will be able to:
Understand the Importance of Tracking Costs and Expenses
Differentiate Between Fixed and Variable Costs
Analyze Cost Structures to Improve Profitability
Create and Manage a Budget Effectively
Implement Cost-Reduction Strategies
WHO SHOULD ATTEND
Finance Professionals, Small Business Owners, Budget Analysts, Students in Finance or Business Studies
PREREQUISITES
Basic Understanding of Financial Concepts, Familiarity with Spreadsheets
COURSE OUTLINE
01. Introduction to Costs and Expenses
02. Types of Costs: Fixed vs. Variable
03. Budgeting Fundamentals
04. Cost Analysis Techniques
05. Strategies for Cost Reduction
