Financial fundamentals

This is a fast-moving information-packed session designed to give you a basic understanding of the fundamental accounting concepts, processes, and tools which produce your business' financial reports.

Delivered in easy-to-understand language, you will learn how to read, interpret, and use your balance sheet and profit and loss to manage and maximise the performance and overall health of your business.

You will also gain insight on the need to plan and project, to budget your expectation of your business performance into the future, to establish your "roadmap".

Learning objectives:

• learn about the concepts of double entry and debits versus credits
• understand accounting structures such as Chart of Accounts, general ledger, balance sheet, and profit and loss
• learn about other essential tools such as cash flow, budgeting, and break-even.

Learning outcomes:

• improve performance with a good understanding of basic accounting concepts, structures, and essential reporting tools
• improve decision-making with an ability to read, understand, and interpret the financial reports for your business
• boost your confidence to converse with other stakeholders about the financial performance of your business.