Live Webinar (if a future date is listed) with Q&A
The Recording of the Event
This webinar is designed to help non-accountants, especially those working in HR and L&D, to understand the process and to better complete the financial tasks that often are part of their role. The session will concentrate on preparing a budget for a team or a department and will also explain the significance of that process in the context of the accounts and key financial performance indicators of the organisation.
Summary of primary financial and accounting statements and the key financial performance indicators
Profit and loss – revenue, gross and net profit
Balance sheet – measuring liquidity and solvency
Cash flow – positive operating cash flow
Understanding costs and expenses
Different cost types – fixed, variable, overheads
Asset v expense costs – what is the difference?
How to budget – options available
Fixed, variable or rolling budgets
Dealing wit uncertainties, estimates and changes in circumstances
Understanding variances from budgets – learning from past performance
Who Should Attend
This session is designed to help all non—accountants working in HR or L&D or similar roles within an organisation, especially professional services and other people lead businesses.