POD Section 12
30
Financial & Investment Planning
You will need to understand the main financial aspects of the railway business including the financial structure of a company , budgeting , managing and auditing accounts , revenue planning , commercial transactions and legal requirements for financial reporting .
How good is your knowledge ?
Complete this self-assessment to see how well you know this subject area and what you can do to improve your knowledge and experience .
Essential Knowledge & Experience Elements
Railway costs – cost structures , fixed and variable costs , cost allocations Financial structure of your own organisation How budgets are created and used How finance is controlled and overall performance assessed and reported Revenue strategies and how they can work . Revenue analysis
Commercial transactions such as asset management , purchase , lease , debt , grants , owners capital and share
Public and commercial funding of railways
Operational Expenditure ( OPEX ) vs Capital Expenditure ( CAPEX ) with infrastructure management
Knowledge of Schedule 8 and Schedule 4 payments QX and track Access Charges Making a business case Total points
0 None
1 Basic
2 Moderate
3 Good
Add up your score using one point for Basic , two for Moderate and three for Good . Use your combined score to see suggested activities on the opposite page .
Chartered Institution of Railway Operators