Date/Time
Date(s) - 17/11/2017
1:30 pm - 3:00 pm
This online course provides an overview of the key aspects of finance including purpose and workings of the management accounts and annual financial statements and various factors to consider in order to feel comfortable with how they are presented and what they are telling the reader.
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: Peter Smithson MPRCA
Bookings
Bookings are closed for this event.
