This webinar will run for 6 weeks on Wednesdays afternoons, 15 & 22 February, 1, 8, 15 and 22 March. 

Webinar 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