Budgets, Cashflow Forecasting and Management Accounts

What you'll learn

• Understand what budgets are and how to create and develop them and be able to present them to funders.

• Create and develop a cashflow forecast.

• Understand how the cashflow forecast relates to the budget.

• Understand what management accounts are and why they are useful.

• Develop a solid understanding of financial management principles and practices, such as budgeting, cashflow forecasting, and management accounting

• Learn how to create and manage budgets and cashflow forecasts to ensure the financial sustainability of a small business or not-for-profit organization

• Gain the skills to analyze and interpret financial statements and management accounts, and use this information to make informed decisions

Requirements

• No previous knowledge is required. Having excel will be useful as there is a downloadable excel template included

Description

Are you struggling to manage the finances of your small business or non-profit organization? Do you want to learn how to create and manage budgets, cashflow forecasts, and management accounts? Look no further! Our online course, "Budgets, Cashflow Forecasting and Management Accounts: Financial Management and Making A Profit For Charities, Not-For-Profits & Small Businesses" is designed for you.

This practical course covers everything you need to know about financial management for small businesses, particularly charities, not-for-profits, and project-based organizations. Our expert tutor, with over 20 years of experience in accounting and investment management, will take you step by step through creating budgets, managing unrestricted and restricted funds, and creating project budgets. You will also learn how to create cashflow forecasts and understand management accounts.

Our course is perfect for bookkeepers, non-financial managers, trustees, treasurers, and admin staff who want to understand financial management concepts better. No previous knowledge is assumed, and we will explain all the jargon and terminology. Plus, our tutor is online daily to answer any questions or queries you might have.

Don't miss out on the opportunity to improve your financial management skills and make a profit for your organization. This course is the Complete Guide to Budgeting, Managing Funds, and Understanding Management Accounts for Charities, Not-for-Profits, and Project-Based Organizations.

Who this course is for:

• Anyone who has the responsibility for the finances in a small organisation such as the bookkeeper, non-financial manager, trustees, treasurers or admin staff

• Anyone who wants to understand budgets, cashflow forecasts and management accounts better

• Small business owners, managers, and financial professionals who want to gain a better understanding of financial management principles, budgeting, financial analysis, and effective communication with stakeholders

• Individuals working in charities, not-for-profits, and project-based organizations who want to improve their financial management skills