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Date/Time
Date(s) - 22/08/2018
1:30 pm - 3:00 pm
Event Overview
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.
