Financial Management

Programme Aim

Due to the fact that more businesses are failing because of insufficient control of their finances, it is crucial to gain some understanding of this area. This programme will give you the skills and knowledge to understand basic financial structures as well as detailed information on financial planning for new dimensions of your business.

Programme Content

Understanding financial statements – profit and loss, balance sheet and cashflow

Budgeting – understanding the budget setting process and setting sales targets

Cost Management – calculating fixed costs

Introduction to breakeven analysis – calculating break even point

Margin V Mark-up

Pricing for profit

Cashflow management – cashflow budgeting, factors & issues with cashflow

Systems Management – bookkeeping, accounts, tax

Using benchmarks to monitor business performance

Snapshot reporting

Action plan/checklist