What is the workshop about?

By taking a deeper dive into the finances of your organisation you can learn how to make the most of your financial data when making decisions.

You will 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 a partnership between the University of Derby and Aston University . The programme is funded by the European Regional Development Fund (ERDF). This means the workshop is fully funded and offered without any cost to your organisation.

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 (or looking to work within these sectors).
• Based in Derbyshire or Nottinghamshire
• Fewer than 250 employees
• Not 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
• Not in the financial services sector.

Meet your speaker: Richard Maksymowicz

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.

Join our other Financial Management & Planning workshops;

Cash and Working Capital Management – 27/09/21

Preparing for Funding and Investment – 01/11/21

Getting the most out of your Accountant and Accounting Software – 06/12/21

We also have other workshops in B2B Sales & Marketing, Business Strategy & Planning, Operations and Supply Chain Management and Leadership and Leading People please email enscite@derby.ac.uk for further details.