Finance Workshop
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TDA Business Finance Workshop: "Finance for Non Financial Owners and Managers"
Why should I worry about the numbers - I have an accountant?
Accounts are often seen as the preserve of the accountant, only to be unearthed to support a loan application or in times of emergency, but learning how to read and interpret them can help you manage your business and from there guide it to a secure future.
When you own a business, time is a precious commodity - you need to invest in it wisely. That’s why we’ve packaged the information you need, tailored to your size of business, into a handy affordable workshop.
- Gain an insight into the health of your business through your accounts
- Understand the various sources that can be used to finance growth
- 70% of businesses have experienced late payment in the last 12 months
- 66% of businesses have had to write off some of their invoices
What you will learn
- What do the numbers tell me? An illustration
- Why forecast and what is important to understand
- Profit & loss - what it is and how to read it
- Profit & loss exercise
- What is cash flow?
- How it varies from profit and loss
- Cash flow exercise
- The Balance Sheet
- Assets, tangible and intangible
- Liabilities
- How the business is funded
- Pulling it all together - the whole package exercise
- Financial ratios - what they are and how to use them