Practical Financial Management for the Small Business Short Courses
This practical course is aimed at those interested in or already running their own business who want to learn how to record and prepare business accounts that comply with accounting standards and HMRC requirements. Students learn the basics of financial management for the small business and look at the essential elements of finance, including book-keeping, cost analysis, VAT returns, sources of funding, taxation and cash flow forecasts. The course will examine how these techniques can be integrated into all aspects of running a small business.
|Start Date||Start Time||Duration||Cost||Course Code||Apply|
|Tuesday 6 October 2015||18:30 - 20:30||10 weekly classes||£415.00||CS1798||Apply Now|
|Tuesday 23 February 2016||18:30 - 20:30||5 weekly classes (Tuesday & Thursday)||£415.00||CS1798||Apply Now|
|Tuesday 26 April 2016||18:30 - 20:30||10 weekly classes||£415.00||CS1798||Apply Now|
Tony Pamphilon has many years' experience of working in colleges and universities, in the UK and overseas. He has managed large departments and taught learners of all abilities from beginners up to undergraduates and postgraduates. He currently works as a freelance lecturer and consultant and teaches a wide range of accounting related subjects at City University London and Birkbeck, University of London.
An interest in small business management.
Applicants must be competent in basic arithmetic.
Applicants must be proficient in spoken and written English.
What will I learn?
By the end of the course, you should be able to understand the basics of:
- How to prepare and maintain a set of business accounts that comply with accounting standards and HMRC requirements
Budgeting to enable better business cash flow management
Costing and ratio analysis to enable you to review business performance and efficiency
Sources of Funding
Completing VAT returns
Tax planning. Gain an overview of HMRC requirements with a view to minimising your tax burden
SCHEME OF WORK:
|Week 1||Introduction to Accounts: Double Entry Principles & Trial Balance|
Income Statements and Balance Sheets
|Week 3||Ratio Analysis|
|Week 4||Cash Flow Forecasting|
|Week 5||Accounting for Cash|
|Week 6||Bank Reconciliation|
Computerised Accounts overview
Costing and Break Even Analysis
|Week 8||Sources of Finance|
|Week 10||Tax Planning|
Cox, D. (2012) Business Accounts for book-keeping and financial accounting courses: Osborne Books
Additional reading will be suggested during the course.