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Charities, not-for-profit organisations, and small businesses: Financial Management and Making a Profit

Course Instructor
Duration

2 hours, 40 minutes

Last updated

October 3, 2024

Students

2

£24.99 inc. VAT

More about the course

The "Budgets, Cashflow Forecasting, and Management Accounts" course is designed to equip participants with essential financial management skills crucial for effective business operations. The course covers the fundamental principles and practices of budgeting, enabling participants to develop, implement, and manage budgets that align with organisational goals. It delves into cashflow forecasting techniques to predict and manage the inflow and outflow of cash, ensuring businesses maintain liquidity and financial stability. Additionally, the course offers comprehensive insights into the preparation and interpretation of management accounts, providing the analytical tools necessary to make informed strategic decisions. Through practical exercises and real-world examples, participants will gain a thorough understanding of how to integrate these financial tools to enhance business performance and achieve sustainable growth.

You will have the following skills after completing this course:

  • Understand what budgets are and how to create and develop them and be able to present them to funders.
  • They'll be able to create and develop a cash flow forecast.
  • Understand how the cash flow forecast relates to the budget.
  • Understand what management accounts are and why they are useful.

Who will benefit from this course?

This course will benefit a wide range of professionals who are involved in financial management and decision-making within their organisations. Key beneficiaries include:
  1. Business Owners and Entrepreneurs: Individuals looking to gain control over their business finances, optimise cash flow, and make strategic financial decisions.
  2. Finance Managers and Directors: Professionals responsible for overseeing financial operations, managing budgets, and ensuring the financial health of their organisations.
  3. Accountants and Financial Analysts: Individuals seeking to enhance their skills in budgeting, cash flow forecasting, and preparing management accounts for better financial analysis and reporting.
  4. Managers and Department Heads: Non-financial managers who need to understand budgeting and financial reporting to manage their departments effectively.
  5. Aspiring Finance Professionals: Students and early-career professionals aiming to build a strong foundation in financial management to advance their careers.
  6. Consultants and Advisors: Professionals providing financial advice to businesses and needing up-to-date skills in budget management and financial forecasting.
Overall, anyone involved in the financial planning, management, and strategic decision-making processes within an organisation will find this course highly beneficial.

Why Should You Take This Online Course?

  • Expertly Designed and Delivered by Industry Experts: Developed and delivered by LISA NEWTON -Entrepreneur, Infopreneur & Serial Author.
  • Immediate Recognition with an Instant E-Certificate: After finishing our online course, you will receive an instant E-certificate. This certification acknowledges your dedication and successful course completion, allowing you to demonstrate your newly gained knowledge and skills to potential employers, colleagues, or clients. The E-certificate validates your accomplishments immediately, raising your professional standing.
  • Convenient Online Learning Experience: Because our course is entirely online, you may learn at your own pace and convenience. The course materials are accessible from anywhere and anytime, making it ideal for people with hectic schedules. The curriculum is delivered via captivating videos and extensive reading materials, creating a dynamic and interactive learning experience.
  • Self-paced Learning for Maximum Progress: We recognise that everyone has various learning styles and time commitments. As a result, our online course provides self-paced study. You can work through the course materials independently, allowing for a more personalised learning experience. Our course supports your individual learning preferences, whether you like to immerse yourself in the information or take it step by step.
  • Laptop, tablet, and smartphone compatibility: Our online course is device-compatible to improve accessibility. Whether you choose a laptop, tablet, or smartphone, you may easily access and interact with the course contents. This adaptability allows you to learn on the go, incorporating your studies into your everyday routine and maximising your learning possibilities.

Career prospects after completing this course:

Completing the "Budgets, Cashflow Forecasting, and Management Accounts" course can significantly enhance career prospects by equipping participants with valuable financial management skills that are highly sought after in various industries. Career prospects include:
  1. Financial Manager/Director: Overseeing the financial health of an organisation, managing budgets, and ensuring effective cash flow management.
  2. Management Accountant: Preparing and analysing financial reports, budgets, and forecasts to support business decision-making.
  3. Business Analyst: Evaluating business processes and financial data to provide insights and recommendations for improving efficiency and profitability.
  4. Financial Controller: Managing accounting operations, financial planning, and reporting to ensure compliance and accuracy in financial records.
  5. Budget Analyst: Developing and managing an organisation's budget, analysing financial data, and making recommendations for budget adjustments.
  6. Treasury Analyst: Managing the organisation’s cash flow, investments, and financial risk to maintain liquidity and optimise financial performance.
  7. Consultant/Advisor: Providing expert financial advice to businesses, helping them with budgeting, forecasting, and financial planning strategies.
  8. Entrepreneur/Small Business Owner: Applying financial management skills to effectively run and grow a business, ensuring financial stability and strategic growth.
  9. Finance Officer: Handling day-to-day financial operations, ensuring proper financial control, and supporting budget preparation and management.
  10. Corporate Financial Planner: Developing long-term financial strategies, planning for future growth, and managing financial risks for corporations.
By mastering the skills taught in this course, participants can advance their careers in finance, take on more strategic roles, and contribute significantly to the financial success of their organisations.

Industry Expert Instructor

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5 5
Entrepreneur, Infopreneur & Serial Author

Rated Excellent on Trustpilot

Course Content

    • Introduction 00:10:00
    • All about budgeting 00:16:00
    • EXample template 00:12:00
    • Preparing and presenting a budget 00:15:00
    • Project Budgets 00:13:00
    • Project Budget Template 00:07:00
    • Direct, Fixed and Variable Costs 00:12:00
    • Cashflow Forecast Overview 00:14:00
    • Creating a Cashflow Forecast 00:06:00
    • Inputting expenses into a cashflow forecast 00:11:00
    • Adding up the Net Cashflow 00:09:00
    • Management Accounts 00:16:00
    • Actual results, Budgets, Variances 00:12:00
    • Conclusion and Next Steps 00:06:00
    • Resources 00:01:00
    • Get Your Certificate & Transcript 00:00:00

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