Course Details
- Financial Statements vs Accounts - what’s the difference?
- Why do we have accounts? What’s their purpose?
- Balance Sheet and Profit & Loss Account - the fundamentals
- Turnover vs Gross Profit vs Net Profit vs EBITDA vs EBIT - why are there so many sub-headings and which one should you look at?
- Why Net Profit isn’t the most important figure in the accounts
- Three useful Financial Statements that often get ignored
- Activity: Test your knowledge: Which company would you invest in?
Course Details
- Why the management information pack could be the most important piece of information in the business
- The role of management accounts in decision-making
- Why the traditional methods of preparing budgets are flawed
- How should budgets be prepared? (Save £000s using this method)
- What’s the difference between a budget and a forecast?
- Have you tried feeding the translation robot?
- How to write great business plans by using relevant financial information
- Action plan: Prepare an outline of next year’s budget for your department
Course Details
- Who is responsible for the company’s finances?
- Why should middle-managers help? The answer to WIIFM (What’s in it for me?)
- Understanding your role as managers in helping the company meet its financial goals
- What to do if you feel that there isn’t enough money being invested in your area
- How to keep the accountants happy and on your side
- How to go about asking for the resources you need (and want) for your department
- Understand the importance of measuring performance using metrics
- Top five ways that managers can help: practical things that you can start doing from today
- Top five things for managers to look out for - red flags to be aware of
- Action plan: Create a personalised monthly checklist that will take you less than half an hour each month to complete
Course Details
- Choose profit over turnover every time - the busy fool example
- Pricing methodologies: Are you charging the right price?
- Focus on each and every product and service including loss leaders
- Proven techniques that you can use to charge more (using the psychology of pricing)
- Project Appraisal - which projects are making the most money?
- Price vs quality - striking the right balance
- Understanding the sales-volume mix
- Experimental pricing
- Activity: Decide how much to charge for this new product
Course Details
- Quick wins: My top 10 ways to save money
- Back to basics: A reminder about needs vs wants
- Understand the trade-off between long term vs short term savings
- Cheap vs quality: Making the right choice
- The biggest money waster in your business is probably this
- Other ways to stop money from being wasted in your company
- How to easily identify which parts of the business are losing money
- Using budgets to control costs and how to deal with overspend
- Activity: The sunk cost trap
Course Details
- Understand the main reasons for why profit doesn’t equal cash
- What is more important, cash or profit?
- How to use KPIs to improve cash flow
- Other practical ways to improve the company’s cash position
- Monitoring and reporting the company’s cash position
- The best way to prepare a cash flow forecast
- What is the ideal amount of cash to hold in a business and how much should be invested (or reinvested)?
- Activity: Have a go at preparing a cash flow forecast
Course Details
- What role do KPIs have in todays business environment and why are they so important?
- How to use KPIs to emulate successful global companies
- Why KPIs are more effective than the standard management accounts process that most companies use
- Top 5 KPIs to measure for any business
- KPIs that you should never miss but are often forgotten
- Using KPI budgets and forecasts to meet company goals
- What is a balanced scorecard and how do you create a good one for your company?
- Action plan: Create a balanced scorecard for your company by department
Course Details
- The different types of projects: Corporate change vs new opportunities
- Why is it important for companies to undertake projects?
- Why proper project appraisal always pays-off
- Tools to help you decide which projects to pursue: ROI, NPV, IRR, Payback
- Using probability and external factors
- Five handy tips to help you complete projects within the budget
- Activity: Practice what you have learnt: Decide which of these projects is the best one
Course Details
- Key principles of accounting including the ‘matching’ concept and ‘revenue recognition’
- Are all accountants the same?
- Why it matters which accountancy firm you hire
- The accounting terms you should know (explained in plain English)
- Know your debits from your credits
- Accruals and prepayments explained
- Understanding the language of accountants
- Quiz: Test your knowledge and see what you have learnt
- Activity: Open floor: Your chance to ask questions - accounting questions you’ve always wanted to know the answers to
Course Details
- Auditor - friend or foe?
- What do auditors look for? The inside track from someone that used to be one
- What are internal controls and what is your role?
- The key differences between external and internal audits
- Who audits the auditors? Who’s in charge of the auditors to make sure they are fair?
- Activity / Action Plan: How to prepare for and participate during an audit
Course Details
- What is money laundering and what are your responsibilities?
- Implications of non-compliance with money laundering regulations
- Fraud alert: 5 practical prevention methods that will minimise the risk of it occurring in your business
- What are the latest and most common cyber crimes committed in the digital world we operate within today?
- Bribery in the UK and abroad - things your staff need to watch out for if they travel overseas
- Activity: Can you spot all the key corporate governance issues within the scenario?
Course Details
- Mix and match from any of my courses
- 100% customisable: Only pay for what you want
- Courses can be tailored to your business and sector
- Choose any length of course; whether that’s a two-day course, a one-day course, a half-day course or a few 90-minute sessions
- Choose from a range of options including in-person training, zoom sessions or a combination of both
- Book a bespoke course for the same price as a standard course plus a small admin fee to cover the time it takes to customise it
- Arrange a call with Naeem to discuss your specific training needs and view a demonstration of your options