Explain the importance of costs in the pricing strategy of an organization. Design a costing system: Managing Financial Principles and Techniques Research Paper, UOS, Ireland

Explain the importance of costs in the pricing strategy of an organization
Design a costing system for use within an organization
Propose improvements to the costing and pricing systems used by an organization
Be able to apply forecasting techniques to obtain information for decision making
apply forecasting techniques to make cost and revenue decisions in an organization
assess the sources of funds available to an organization for a specific project
Be able to participate in the budgetary process of an organization
select appropriate budgetary targets for an organization
participate in the creation of a master budget for an organization
compare actual expenditure and income to the master budget of an organization
evaluate budgetary monitoring processes in an organization
Be able to recommend cost reduction and management processes for an organization
recommend processes that could manage cost reduction in an organization
evaluate the potential for the use of activity-based costing
Be able to use financial appraisal techniques to make strategic investment decisions for an organization
apply financial appraisal methods to analyze competing investment projects in the public and private sector
make a justified strategic investment decision for an organization using relevant financial information
report on the appropriateness of a strategic investment decision using information from a post-audit appraisal
Be able to interpret financial statements for planning and decision making
analyze financial statements to assess the financial viability of an organization
apply financial ratios to improve the quality of financial information in an organization’s financial statements
make recommendations on the strategic portfolio of an organization based on its financial information

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