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