Accounts: an introduction to the terminology, statements, and more

Host: ScaleUp 360

Location: Online

Cost: FREE

Dates:

Saturday, 29th May 2021 at 10:00am - 12:00pm

What we cover

The workshop introduces key financial concepts, demystifies the terminology, and builds confidence in interpreting your accounts.  It is a highly practical session that emphasises the importance of sound finance to every business and where to get help.

The morning starts with a look at finance: what it is, why it matters, how to measure, where to record, and who needs to know.

It then moves on to consider the three essential statements: cashflow, profit and loss, and the balance sheet.

We then look at how to draw up a budget before we consider the importance of cashflow and how to manage it.

The group then learns where to find help and resources and spell out the benefits of using a bookkeeper or accountant.

The workshop ends with a brief look at how to get finance: types to consider, the pros and cons, what it costs, and how to secure it!


What will I learn?

  • the importance of finance to your long term success
  • the basics of the three financial statements: cashflow, P&L, and balance sheet
  • best practice in drawing up a budget for your business
  • manage cashflow to ensure your short term survival
  • understand your financial needs and how to meet them
  • whether raising capital is right for your business
  • interpreting financial statements – both yours and others
  • simple ratios that will improve your financial decision making
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Anthony Byrne
Account Manager
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