Financial Management for Entrepreneurs

Venue:
Remote
 
Date:
02/02/2023
 
Note:
Thurs 2, Fri 3, Thurs 9, Fri 10 February 2023
 
Time:
9.30 am to 12.30 pm
 
Category:
Management Development
 

The aim of this course is to increase the knowledge, skills & competencies of participants in the areas of finance within their business Priority must be given to participants from Offaly

This event is no longer available
 

This course is designed as a workshop with opportunities to participate and contribute.

 

The aim of the course is to increase the knowledge, skills and competencies of

participants in the areas of finance within their organisation – specifically to give them

an understanding of financial terminology as well as how to read and understand a Profit

& Loss and Balance Sheet. It will also give participants an understanding of the issues

they need to be aware of to enable them to set up an effective and efficient cashflow

management system in their business to help nurture, sustain and grow. It also points

out the difference business structures/entities available to business owners and their

impact on the accounts and taxes of the business.

 

Different Business Structures and Entities – Sole trader, Partnership, Company

Understanding Financial Information and Terminology

Accounting Elements and Allowable Business Expenses

Debtors and Creditors management

Understanding Profit & Loss / Income Statement

Understanding Balance Sheets

Breakeven analysis

Profit Vs Cash

Cash Flow Management – effective credit control and debt collection

Critical Performance Indicators

Revenue Obligations – Business Taxes and important deadlines

Delivery Method: Clear demonstrations by the trainer using Power Point, Excel and Screen-sharing (online).

This training will be delivered by Sarah McGuinness of SM Accounting Solutions