Institute of Commercial Management | Qualification Subject

Financial Aspects Of Retail

Main Topics of Study
  • The essential role of finance in the business
  • Issues and concepts of financial analysis and control
  • Financial statements: understanding the balance sheet and the profit and loss account
  • Basic stock turn and stock control issues. Analysing stock turn financially for greater profit
  • Expenditure, fixed and variable costs
  • Gross and net profit, markup and margin
  • Pricing policy

Example Candidate Response Booklet

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Recommended Reading

Main Text:

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Retailing: An Introduction. Cox, R and Brittain, P (2005) - FT/Prentice Hall.

Indicative Text:

Alternative Text and Further Reading:

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Retail Buying Techniques: Planning, organising and evaluating retail buying decisions. - Elliot, F and Rider, J (2003) - Cirencester Management Books.

Retail Buying Techniques: How to source and plan a winning product range. - Elliot, F and Rider, J (1999) - Cirencester Management books.

Specialty Shop Retailing: How to run your own store. - Shroeder, C.L. (1997)  - New York/John Wiley.

Mintel Financial Reports/Retail Business pages of the Quality press.