This free two-day workshop helps start-ups and small business owners understand material related to business accounting and entrepreneurial finance. In this workshop, you’ll gain a basic understanding of finance and accounting concepts to drive the success of your business.
Gaining accounting knowledge
This workshop aims to clarify the accounting language so that you are in control of the financial performance of your business, helping you forecast for the future, evaluate your current efforts, and establish strategies to meet your goals.
Accounting knowledge is still needed even if you plan to recruit an accountant as you can make better, informed decisions about your business. This workshop will enable you to have the tools necessary to have a better understanding of what the professionals are saying, so you can run your business more efficiently.
You’ll learn about cash management, funding scored and bookkeeping basics and on day two, you’ll learn about cash flow forecasting, break-even analysis and variance analysis. These topics will give you the confidence and control needed when making financial decisions.
Day 1 topics:
- Bookkeeping basics
- Simple financial statements (p&l, b/s, cash)
- Ratio analysis
- Types of business
- Cash management
- Funding sources
Day 2 topics:
- Budget preparation and cash flow forecasting
- Break-even analysis
- Project appraisal
- Variance analysis
- Product costing
Who the workshop is for
The workshop is aimed at businesses ranging from start-up founders to local business owners to corporates and is geared to anyone without a finance or accounting background.
The full value from this course is only gained by full participation in both days. After completing the course, delegates will be able to:
- understand basic financial documents used in business
- interpret the information in these documents and use it to manage day-to-day business activity
- be more effective in their role