Certificate of Achievement
has completed the following course:
Break-Even Analysis Unlocked: How to Understand the Profit and Loss Statement
This online course calculated and applied break-even point, margin of safety and profit; described contribution and its importance; explored the concept of operational gearing and its importance and explained the difference between fixed, variable and semi variable costs.
2 weeks, 5 hours per week
Winfred Akomeah
Lecturer in Accounting
Coventry University
Transcript
Learning outcomes
- Calculate and apply break-even point, margin of safety and profit
- Describe contribution and explain its importance
- Evaluate the effect of operational gearing on risk and profit
- Explain the difference between fixed, variable and semi variable costs
- Explore the concept of operational gearing and explain its importance
Syllabus
- Identify the definitions of cost and their relationship with business sustainability
- Gain an understanding of break-even analysis and its method
- Learn how to calculate the break-even point
- Get introduced to the concept of margin of safety and its importance
- Gain an understanding of operational gearing and what this means for a business
Issued on 18th February 2021
The person named on this certificate has completed the activities in the transcript above. For more information about Certificates of Achievement and the effort required to become eligible, visit futurelearn.com/proof-of-learning/certificate-of-achievement.
This certificate represents proof of learning. It is not a formal qualification, degree, or part of a degree.
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