This course is all about demystifying basic business finance and accounts, so that us mortals can at least interact with company/organisation finance people and have half a chance of knowing what they are saying and signpost situations when they absolutely must use professional accountants.
The material is based on the presenter’s experience from working in businesses varying from SME's and start-ups, to a major oil company, and around 15 years of developing training material for non-financial people. It has been run for the Princes Trust, a Learned Society, 5 Universities, and as CPD for a Professional Institute, typically receiving average feedback scores over 90%.
You should come on this course if you:
At the end of the day you will be able to:
You will take away
09:00 Introduction
Workshop objectives
Finance for non-financial people
Financial Terminology
'Dragon's Den' Video
Some key accounting concepts
Profit/Loss exercise
Mr Brown Catering 1 (exercise)
Are profits the same as cash?
Overheads and breakeven
11:00 Break
How accountants do bookkeeping
Mr Brown Catering 2 (exercise)
The Balance Sheet and what it tells us
What do the financial pages in the newspaper tell us?
12:30 Lunch
13:30 Using company accounts
Debtor days and creditor days
A good company and a 'not so good' one…
14.:30 Break
15:00 Financial Proposals
Reading Budgets
Financial planning & budgeting
Preparing revenue budgets (exercise)
Revenue vs capital budgets
16.00 Tax
Corporation tax
The basics of VAT for Managers
16:15 Workshop Summary
'Dragons' Den Review'
Checking our jargon (exercise)
Workshop evaluation
Date
Wednesday, 22 January 2020
Time
9:00 - 17:00 GMT
Cost
contact linda_cook@zyen.com
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Location
41 Lothbury
London
EC2R 7HG