Financial Data Analysis to Inform Decision Making

Host: University of Derby

Location: Online

Cost: FREE

Dates:

Monday, 26th July 2021 at 10:00am - 12:00pm

Take a deeper dive into the finances of your organisation, and learn how to make the most of your financial data when making decisions. Discover how you can improve the performance of your business, using the wealth of information already at your fingertips.

What will I learn?

The workshop will look at the analysis and interpretation of financial statements, the profit and loss account and balance sheet. During the session you will learn the answer to questions such as:

  • What is a ‘statement of profit or loss and other comprehensive income’
  • What is a ‘statement of financial position’
  • What do these statements show and how can we make sense of them?
  • What can we understand about the business from their analysis?
  • You will then go on to using key financial ratios to help with our interpretation of the what the figures mean.

What does it cost to attend?

The workshop is part of our Enscite programme which is funded by the European Regional Development Fund (ERDF). This means the workshop is fully funded and offered without any cost to your organisation.

Meet your speaker

Richard Maksymowicz is a Fellow of the Chartered Institute of Management Accountants and has over 35 years of financial management experience. He has worked in both in the UK and overseas, including roles in central government. Richard has been a financial management consultant for 12 years.

Is my organisation eligible to participate?

To participate, you must work for an organisation that meets the following funding criteria:

  • Part of the automotive, aerospace or rail sector supply chains (not however part of the financial services sector)
  • Based in Derbyshire or Nottinghamshire
  • Fewer than 250 employees
  • No more than 25 per cent owned by a large company (i.e. a company that is not an SME)
  • Turnover of less than 50 million euros and/or annual balance sheet less than 49 million euros
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