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Finance Made Easy - 8th May
Mon 8 May 2017, 10:00 – 16:00 BST
Finance Made Easy is a one day course that is ideal for anybody working in the voluntary and community sector (including social enterprises) looking to improve their confidence when dealing with finances.
The session will incorporate practical exercises and discussion to explore the key components of good financial management, including the role of financial controls; budgets; cash flow; management accounts and balance sheets.
Who should attend?
The course is suitable for:
Trustees (not just the Treasurer!) who want to understand how they can implement and utilise good financial management
Paid staff (managers) who are non-Finance people who want to understand the how good financial management works.
1. Financial jargon buster
2. Financial Responsibilities of Trustees
3. The components of good financial management:
A clear finance strategy
A plan for generating income
Robust financial management system (includes: role of financial strategy; budget incl. Full Cost Recovery and knowing your break-even point); monthly cash flow; book keeping and bank reconciliation; monthly income and expenditure accounts; financial controls; meeting regulatory requirements)
An accountable internal environment.
4. Practical exercises and case studies to explore the role of all of the above
On completion of this course participants will be able to:
Understand the role of Trustees in relation to Finance
Understand the link between financial strategy and organisational planning
Be able to calculate the full costs of your projects and identify your break-even point
Analyse the implications of cash flow projections and monthly management accounts
Understand the key role of financial controls for accurate reporting and in preventing fraud
Be aware of the financial reporting requirements for your organisation's legal form
Please see our Training Terms and Conditions before booking your place. We ask that a maximum of two people per organisation book to attend as we have limited places.
Lunch is not provided for this course. Please bring lunch with you otherwise we can provide you with directions to other local cafes and supermarkets nearby.
Community waltham Forest, Development Team.