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Map Location

LEO Nenagh 0818 06 5000

LEO Clonmel 052 616 6200

Financial Management & Accounts for Small Business

Venue:
Virtual - a Zoom link will be emailed to you
 
Date:
15/02/2023
 
Note:
Wednesday afternoons
 
Time:
2pm-5pm
 
Category:
Business Training
 

In this 6 week webinar, learn how to improve your financial management skills, manage your finances, analyse business performance for stability and growth, especially cashflow!

€30
 
 

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