Budgets, Cashflow Forecasting And Management Accounts

Financial Management and Making A Profit For Charities, Not-For-Profits & Small Businesses
What you'll learn
Understand what budgets are and how to create and develop them and be able to present them to funders.
They'll be able to 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.
Requirements
No previous knowledge is required. Having excel will be useful as there is a downloadable excel template included
Description
This course is aimed at those who have the responsibility for managing, organising and governing the financial resources of any small business - particularly charities, not-for-profits and those businesses that are project based.
BUDGETS
We look at what a budget is, how to create a budget, how to calculate your resources in line with your objectives, what information to include and how to manage unrestricted and restricted funds (for those organisations that have to manage different pots of funding).
PROJECT BUDGETS
We learn when and how project budgets are used, what to include in a project budget, define direct and support costs of projects and how project budgets can support funding requests.
CASHFLOW FORECASTING
We look at what a cashflow forecast is? How to create one? Why is it so important and what does it tell us. A template is included for you to use.
MANAGEMENT ACCOUNTS
What are management accounts? Why are management accounts useful? How do you present manaagement accounts and how are they used?
If you are a bookkeeper, admin support worker, a manager who has the responsibility for managing the finances or a trustee or treasurer and you want to understand these ideas and concepts better - then this course is for you. No previous knowledge is assumed, and we'll look at jargon and terminology and take you through making a budget, understand a budget step by step. We create a cashflow forecast stpe by step.
If you have the responsibility for reporting back to funders and you NEED to understand what you're doing at work or in a voluntary role - this course is for you.
Your course tutor runs a bookkeeping service, and has been studying, working in or teaching this material since 1996. She has a 1st class honours degree in Accounting with Marketing and an MSc in Investment Management and is online daily to answer any questions or queries that you might have.
Overview
Section 1: Introduction
Lecture 1 Introduction to the course and your tutor
Section 2: Budgeting
Lecture 2 All about budgeting
Lecture 3 EXample template
Lecture 4 Preparing and presenting a budget
Section 3: Project Budgets
Lecture 5 Project Budgets
Lecture 6 Project Budget Template
Lecture 7 Direct, Fixed and Variable Costs
Section 4: Cashflow Forecasts
Lecture 8 Cashflow Forecast Overview
Lecture 9 Creating a Cashflow Forecast
Lecture 10 Inputting expenses into a cashflow forecast
Lecture 11 Adding up the Net Cashflow
Section 5: Management Accounts and Reporting
Lecture 12 Management Accounts
Lecture 13 Actual results, Budgets, Variances
Section 6: Conclusion
Lecture 14 Conclusion and Next Steps
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
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