Finance for Small Business & Access to Funding

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, margins, percentages 
• Profit Vs Cash 
• Cash Flow Management – effective credit control and debt collection 
• Cash Flow Forecasting 
• Access to Funding 
• Revenue Obligations – Business Taxes and important deadlines

This course is for Westmeath Businesses. Businesses who book on who are not based in Westmeath may be removed if the place is required by a Westmeath-based business

Please note: In the event you book a place and subsequently do not cancel your booking at least ten working days prior to the commencement of the course and do not take up the place no refund or fee transfer will be offered.