Cashflow Management for Owner Managers

Online interactive workshop delivered via Zoom
Monday 1st February & Monday 8th February
Business Training

This online interactive practical programme will teach participants how to improve management of cashflow. Upon completion of the course participants will be able to analyse business performance and manage finances effectively in business for stability and growth. If this course is booked out, please email us and we will either add an extra space for you or organise a new date*

This event is no longer available

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 1st February & Monday 8th 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