Anyone from a non-financial background who needs to use internally generated accounting information.
Anyone who has responsibility for preparing and/or controlling budgets.
Anyone who has responsibility for projects and needs to understand and present the financial implications of those projects.
Anyone running their own business who would like an introduction to some of the main ways in which financial information can help improve the performance and stability of the organisation.
The key financial documents and what to look for in these
How to prepare and analyse budgets
How to analyse the financial implications of a project
Course content
Key financial terminology explained in an easy to understand way
Profit & Loss Account, Balance Sheet and Cash Flow Forecasts
What are they? What do they tell us? How are they linked together? What figures are the most important?
Profit vs Cash - which is the real measure of success
3 ways to increase profit
Budgets & Projects
What costs to include and what costs to exclude from any budget
Understanding Fixed Costs and Variable costs
Understanding Direct and Indirect costs
How to account for large items that may last more than one year
When to actually count a Sale as a Sale
Should VAT be included in the figures?
Do Debtors/Creditors/Stock levels affect profit?
What about the "Opportunity Cost"
How to decide if a project is worthwhile
How to compare doing a project yourself or outsourcing it
Hidden costs
Putting a value on non-financial aspects of a project - eg "the staff are happier"
Comparing budget to actual
Should you look at the percentage difference or the actual amount of the difference?
Flexing a budget if the circumstances change
How to quickly check if a budget appears reasonable
2 essential ratios to consider
"Geoff kept everyone interested in each topic & made sure everyone understood what was being said"
Zoe F., London Zoo
"Explained everything clearly & with lots of examples"
Amanda M., Dorel UK
To book on this course please complete the form below, and an invoice will be sent to you for payment.
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Terms: A full refund (less 20% administration charge) will be made for cancellations received in writing or by email not less than 15 days prior to the course. Cancellations after this time are charged at the full fee or Block Places treated as utilised.
