Budgets, Cashflow Forecasting and Management Accounts

What You'll Learn

• Understand the fundamentals of budgeting and how to create, develop, and present them to funders


• Learn how to create and develop a cashflow forecast for better financial planning


• Understand the relationship between cashflow forecasts and budgets for optimal financial management


• Understand what management accounts are and why they are crucial for business success


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


• Learn how to manage unrestricted and restricted funds and create project-specific budgets


• Gain the ability to analyze and interpret financial statements and management accounts for informed decision-making


• Acquire skills to ensure the financial sustainability of your small business or non-profit organization

Requirements

• No previous knowledge required


• Excel will be useful as a downloadable template is included

Description

Are you struggling to manage the finances of your small business or non-profit organization? Do you want to learn how to effectively create and manage budgets, cashflow forecasts, and management accounts? This course, "Budgets, Cashflow Forecasting and Management Accounts: Financial Management and Making A Profit For Charities, Not-For-Profits & Small Businesses", is designed just for you!

This practical course covers everything you need to know about financial management for small businesses, charities, not-for-profits, and project-based organizations. With the guidance of our expert tutor, who has over 20 years of experience in accounting and investment management, you'll learn how to:

• Create and manage budgets and cashflow forecasts


• Handle both unrestricted and restricted funds


• Prepare management accounts for informed decision-making


• Understand the key principles of financial sustainability and resource management

The course is perfect for bookkeepers, non-financial managers, trustees, treasurers, and admin staff who want to better understand financial management concepts and improve their organization's financial performance. No prior knowledge of accounting is assumed, and our tutor is available online daily to answer any questions you may have.

This course is not just theory; it’s a complete guide to financial management, with practical assignments and real-world scenarios. By the end of the course, you’ll have the skills to make informed financial decisions and manage your organization’s finances with confidence.

Who This Course is For:

• Bookkeepers, managers, trustees, and treasurers who manage finances for small organizations


• Small business owners and financial professionals seeking a better understanding of financial management, budgeting, and communication with stakeholders


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