Note:
(a) All Wednesdays - 19/01/22, 26/01/22, 02/02/22 (b) By booking this programme you agree to share your contact details with the Training Facilitator for the purposes of the programme.
Category:
Management Development
On completion of this 3 X half-day programme, you will understand the principles and importance of financial control, budgeting, reporting performance and cost control for effective management of your business.
This event is no longer available
Grasp the basics of budgeting and use it to your advantage to grow your business.
- Part 1 of 3 - 19/01/22
- Part 2 of 3 - 26/01/22
- Part 3 of 3 - 02/02/22
Programme outline includes:
- Introduction to the language of financial statements while 'keeping it simple and cutting through the jargon"
- Use of ACCQ Simulator hosted on www.bingbong.ie to understand budgeting and financial projections and "why does Balance Sheet 'balance' "?
- The importance of budgeting, beginning with a zero-based approach every time
- Performance reporting and understanding the WHY of budget and actual variances
- Basic terms in finance eg margin, mark-up, P/L, B/S, and Cashflow Statements & Projections incl. key financial ratios, breakeven analysis cash flows
- Basics of keeping your books straight and financial recording
- How to measure financial performance and what's really behind profit & loss and cashflow statements
- Working on your own business finances, analysing the results, how to interpret and ask the 'hard' questions of yourself and your team. (participants may use their own accounts as examples/for questions, if they wish , provided they are comfortable revealing this information)
- Top Tips on how to identify effective cost reduction opportunities, without negatively impacting on product/service delivery or long-term potential
- 'Four ways to GROW your business'
- Accessing finance - the different sources
- Maintaining early and open communications to work effectively with your accountant, the banks, stakeholders and support agencies
- Why you should NOT rely on your external accountant/auditor annual visit ...historic -v- now -v- future perspectives
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