This topic explains how to assess the effectiveness of your business at converting revenue and resources into profit through the process of profitability ratio analysis.

This topic aims to increase your understanding of accounting principles and practices by solving the following problems:

• How efficient is my business at converting revenue to profit /
• What is my profitability ratio analysis?
• How efficient is my business at converting resources to profit?
• How sound are my sales and cost models?
• Is my business sustainable in the future based on financial performance?

This topic is for current and aspiring entrepreneurs who want to get insight into the health of their business through profitablility ratio analysis.

Do these questions describe you?

• Do you want to equip yourself with the necessary knowledge to make more effective decisions and better manage your finances?
• Do you want to better understand the role of profit in your business?
• Do you want to assess the soundness of your current sales model?
• Do you want to assess how effective your business is at converting revenues into profit?
• Do you want to know how efficient your business is at controlling costs associated with operations?
• Do you want to know what the current return on the money invested in your business is?
• Are you doing the finances of your business yourself?
• Are you a strategic decision maker for your business?
• How to interpret financial statements?
• Why you need to master the skill of profitability ratio analysis?
• Do you want to remain relevant in an ever-changing world of work?
• Do you want to embrace life-long learning and work towards recognised qualifications?

Then this topic of Why you need to master the skill of profitability ratio analysis is for you!

This is an online course with learning material and assignments.  The duration is based on your own pace and motivation.

This time commitment includes working through online content, completing assesments, reflection activities and any additional reading and enrichment activities to translate the content into your current situation.

Every course consists of a series of topics that aim to solve problems you could be facing in your business as an entrepreneur. Each topic contains a number of lessons, each with a variety of activities and resources designed to aid your learning process.

• Work through the content in each lesson
• Take time to complete the progress quizzes to check your understanding
• Explore any additional resources to gain access to valuable sources
• Take time to reflect how you will apply the knowledge in your own business

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You will be awarded a badge for every topic you complete with MyElearning so that you can build up your online learning profile.

Additional Accreditation Options:

The completion of all the relevant topics in this course will provide a delegate with supporting evidence to earn credits towards a different accredited course or skills programmes, such as Business Management, Business Advisory Services and or New Venture Creation on NQF Level 4 and NQF Level 5.

If you are interested to earn credits after completing the programme, you are more than welcome to contact any of the accredited training providers.

Please take note of the following important information with regards to earning credits on the NQF through the RPL (Recognition of Prior Learning) process:

• You will need to complete all the topics of this course to qualify for accreditation.  The completion of the assignments linked to each topic can provide some of the required evidence.
• You will need to register as a learner on the programme through an accredited training provider.
• An Accredited Provider can guide you on the appropriate qualification and the process that you should follow to earn credits that will be relevant for your career path.  You will also receive guidance on compiling your portfolio of evidence.
• The Provider can provide you with the appropriate assessment tools that you will have to complete, in order to be found competent on the credits.
• It will be your responsibility to pay for the additional costs of the provider and the assessments and NLRD (National Learners Records Database) uploads.