Accountant’s Guide to Retail Management ON DEMAND

Overview

Retailing, the business of selling consumer goods to final consumers, is constantly changing. Retailers are particularly affected by changes in the consumer population; in the economic, social, technological, and political environment; and in competitive conditions. Accountant’s Guide to Retail Management teaches you the main requirements of effective retail management: personal qualifications of management; an adequate financial structure; necessary physical facilities; effective policies and procedures; and competence, loyalty, and productiveness of personnel. This retail management accounting course discussed are online retailing strategy, improving internet presence, and future changes in retailing.

Highlights

Retailers and their structure. Retail management requirements. Retail store location. Store buildings, fixtures, and equipment. Arranging the store’s interior layout. Structure of retail. Retain human resource management. Merchandising policies and budgets. Planning and selecting item assortments. Selecting merchandise resources. Merchandise control, and more.

Prerequisites

None.

Designed For

CPAs, CFPs, and financial advisers.

Objectives

Recognize the importance of retailing to the U.S. economy. Recognize the structure of retailing. Identify advantages and disadvantages of online retailing, and methods to improve an online business. Identify the skills requirements of management. Recognize attributes of successful retail businesses. Identify the basic factors in choosing a retail location. Recognize differences between customers from urban and suburban areas. Recognize the key decisions when planning store equipment. Recognize the factors affecting layout. Recognize characteristics affected by the organization’s structure. Identify the steps to recruit an adequate workforce. Recognize techniques for evaluating an employee training program. Identify the goals of a compensation program for personnel. Recognize some of the major causes for job dissatisfaction and employee complaints. Recognize the characteristics of merchandise budgeting, and more.