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Understanding finance

This course covers financial management in the professional practice and how to manage practice finances for greater profitability.

Who should attend Professionals and senior support staff involved in day to day finances and longer-term planning.

What they will learn
1. The importance of managing finances proactively.
2. How to understand and use basic financial documents.
3. Taking control of finance through stock control, expenditure and credit control.
4. Setting budgets and managing cash flow.

Course content
1. A business approach to finance.
2. The mysteries of the balance sheet.
3. The profit and loss account and how to use it.
4. Financial ratios and tracking trends.
5. Pricing and its effect on profitability.
6. Control of working capital.
7. Setting and developing budgets.

Contact us for further details or to book a course.