Understanding Finance

Date/Time
Date(s) - 05/03/2018
2:30 pm - 4:00 pm

How attendees will benefit
Attendees will gain:

• An understanding and appreciation of the role of finance
• How to interpret and use a set of accounts in order to manage and improve profitability
• A broad overview of key financial terms and why they are relevant to you and your business

Who should attend
Directors or senior managers wanting to gain a greater understanding of how to interpret and use financial systems and reports to making decisions that affect the business and its performance.  Also potentially beneficial to acquirers hoping to gain a greater understanding of what to look for in prospective targets.

What attendees will learn

• Book-keeping versus management accounting
• Key elements of management accounts
• Why it is useful in the day to day running of business
• Overview of profit and loss account
• Difference between income, billings and cash
• Overheads – what are they and what is included
• Difference between overheads and capital – purpose of depreciation
• Key elements affecting profitability
• Under / over servicing and reporting options
• Cashflow management
• Debtor management
• Key elements of annual financial statements
• Difference between Statutory Financial Statements and management accounts
• Work in progress and advanced billings
• Overview of the balance sheet
• Key ratios

Materials
Attendees will receive the comprehensive course presentation.

Trainer: Francesca Rose

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