Business Finance: Understanding and Managing Financial Accounts
New to finance and accounts but need to understand them for your business to be successful?
About this Event
This workshop helps you to understand, interpret and create financial accounts for use in your own business. The three key sets of accounts covered over the morning are profit and loss accounts, cashflow forecasts, and balance sheets.
Attendees will leave the workshop…
- With the ability to self construct financial accounts for their own business, both to avoid the cost of outsourcing but also to enable the business owner to have a platform for monitoring the progress of the business at a financial level and avoiding financial risks.
- With the ability to forecast forward their likely cash profiles and movements with the result that they have the ability to scientifically identify the funding needs of the business .
- Better placed to present their case to future lenders and/or investors by a) enabling them to demonstrate that they have a firm grip on the financial side of their business and b) that their funding requirement has been expertly assessed.
- Knowing how to build and understand their own balance sheets and how to explain them to others such as external funders.
Time will be allocated towards the end of the workshop to enable the attendees to practice creation of Financial Accounts for their own businesses, under the supervision and support of the workshop tutor.
Introduction to your Workshop Provider
Chris Sharkey has worked in the banking and finance industry for 38 years from 1978 to 2016. He spent the majority of his career supporting businesses of all sizes from Start Ups, to SME’s, to PLC’s and Multi National Conglomerates (many of which are household names), with financial capital. Over the years he has developed an in depth knowledge of Financial Accounts, which he used to examine the viability of those businesses he supported. Recent career highlights include Regional Board member of NatWest/RBS, and subsequent to that became the first ever Regional Director for Santander Corporate Banking in the North West of England… a business he built up from scratch starting in 2009 before departing the Banking industry in 2016. Since then, he has dedicated his time exclusively to passing on his knowledge to young or growing businesses, the majority of which is channelled via the University of Chester.
These workshops are for beneficiaries of the Cheshire & Warrington Business Growth Programme – if you are not yet registered to the fully-funded programme you can still register for a ticket and you will be contacted by our team to check your eligibility. For any queries please email firstname.lastname@example.org or call 01244 512 655. Please also contact us if the event is fully-booked and you’d like to be added to the waitlist.
To be eligible to apply for support from the ERDF-funded Cheshire & Warrington Business Growth Programme you must be:
- Small – your new business must be an SME. An SME has under 250 staff, turnover of £45 million and any ownership by a wider commercial group is below 25%. You may also be a pre-start business.
- Local – your business address (registered or trading) is within the Cheshire East, the Cheshire West and Chester, or the Warrington council areas.
Do I need to bring or prepare anything for the workshop?
All you need to bring is yourself, a pen, notebook and a willingness to learn. We will ask for some details about your business upon registration to the workshop – this will help us in tailoring content to your needs.
Light refreshments (tea, coffee, water, biscuits) will be provided throughout the workshop.
Unfortunately we cannot offer event parking at the Riverside Innovation Centre, however there is paid parking available a short walk away at the Little Roodee car park. If you need a disabled parking space please let us know.