Course: Understanding Finance for Business Owners
Finance is the language of business. It is the only way to plan, communicate or measure business performance or value. As a business grows the owner and management team need to understand this language.
Unfortunately, business owners are not generally fluent in finance. They expect their accountant to keep them compliant and, beyond occasionally looking at turnover and net profit, avoid any further involvement. After all, they did not set up their business to spend time looking at accounts.
In this course we help business owners to understand the power of using financial information to improve business performance. The course takes a practical and accessible approach to the subject, based on case studies from the viewpoint of a business owner and the questions they need to answer to improve performance.
Note: This course is not suitable for anyone who is looking for detailed accountancy or book-keeping training.
Business owners and managers of small and medium-sized businesses.
To teach attendees how to understand the main types of financial report and use them to improve business performance.
- Financial accounts vs management accounts
- What your management accounts should tell you
- The standard financial reports
- Profit and loss
- Balance sheet
- Cash flow statement
- Design your management accounts
- Start with your strategy
- Income streams and units
- Key ratios
- Final thoughts
- Your accounts system
- Working with your accountant and book-keeper
At the end of this course you will:
- Understand the main financial reports
- Understand how to structure your management accounts to tell you what you need to know
- Know how to plan and run regular financial reviews
Nick Bettes is a management consultant and author.
He has held senior positions in the corporate world and since 2009 has been helping small and medium-sized businesses to apply the performance-enhancing techniques used by these bigger companies.
Nick is particularly interested in scalability, productivity and leadership.
Course Dates and Times
This course runs next on Wednesday 28th April 2021.
The course runs from 9am to 5pm UK time.
This is a live, interactive, online group course run over Zoom. During the course, attendees will complete a workbook that relates the learning to their own business.
You can reserve your place on this course using the Paypal button below. At just £199 for what will be a transformative day for your business this course represents great value for money.
Once you have booked your place we will send you joining instructions and preparatory work.