Cashflow Management for Owner Managers

Course Aim:

Upon completion of the course participants will be able to:

• State importance of taking time to manage your finances
• Analyse business performance
• Manage finances effectively  in business for stability and growth, especially  cashflow
• Improve financial management skills

Programme Content:

• Why is financial management important for your business?
• Key aspects to effective financial management
• Busting financial jargon
• Different types of accounting and accounting professionals
• Financial Statements explained:
  • Balance Sheet: Investment and financing cycle  - the balance sheet includes definitions of asset, liabilities, debtors, creditors
  • Profit and Loss Account: The trading cycle - the trading, profit and loss account
  • Cashflow Statement
• Capital versus revenue expenses – how we treat them differently and how they are treated by the Revenue and how they affect “profit”
• Concepts underlying the financial statements
• Maximising profit – key elements to improve the “bottom line”

Difference between profit and cash

• Managing Cashflow – key tips
• Managing Debtors
• Key ratios for financial management – gross and net profit margins, ROCE, debtor days
• Reading financial reports for your business
• Snapshot Reporting and using it in your business – key figures to monitor – Draft snapshot report for your business using KPI’s for performance monitoring
• Define breakeven – homework for purpose of doing breakeven analysis
• Estimating breakeven & assessing viability
• Using breakeven to establish goals and set targets
• Annual budgeting and regular reviews

Course Delivery:

• 2 X half days Monday 1^st February & Monday 8^th February from 2pm-5pm
• This course will be delivered via Zoom. Details about how to log in will be emailed to you following registration.

Delivered by:

ACE Training