How attending a finance course can have a big benefit for your business

As a business owner or manager, it quite literally pays to be on top of your finances – but when your skill set lies in other areas, what’s the best way to bring your knowledge up to scratch?

While you may not feel you have time to invest in any long-term, ongoing commitment, there are some fantastic one-day financial training courses around that will arm you with all the information you need to make better decisions and understand the underlying principles of good financial management.

By getting to grips with the basics, you’ll be able to keep a closer and keener eye on many elements of your business finances, and have more informed conversations with colleagues, staff and associates.

Working in partnership with the Association of Accounting Technicians (AAT), I deliver these types of financial training courses to organisations and individuals across a wide range of sectors and job roles, helping me to translate theoretical scenarios into real-terms for attendees. Crucially they aren’t aspiring accountants, but simply just looking to increase their knowledge and understanding – and of course, aside from me, other options are also available!

How can financial training help you?

Let’s take a look at 5 of the main benefits you’ll get from undertaking just one day of financial training...

  1. Understanding and insight – you’ll be taught exactly how finance affects your organisation and why good financial management is so integral to business success, plus you’ll learn all the essential terminology to help you break through the jargon (in accounting there are lots of terms that actually mean the same thing!).
  2.  Accounting statements – it’s one thing to be presented with financial statements, but it helps to understand what they mean too! I good financial training course will guide you through the various elements of your balance sheet, cash flow etc so you can make sense of the numbers.
  3. Drive performance – the figures collated during your everyday accounting activities can provide some interesting and invaluable information when it comes to your organisation’s performance. You’ll learn how to identify key drivers, so you can tailor your business strategy accordingly.
  4. Outside-in perspective – while your financials are crucial internally, it also makes sense to understand your position from a market-wide point-of-view. Training will help you to identify and understand the different tools used by stakeholders and external sources to judge your organisational and financial success.
  5. Improved management – you’ll leave your training course armed with a much broader view on managing your budget, costings and cash flow, along with a clear understanding of how this information can be utilised to make more accurate financial forecasts.

When looking for a financial training course, I recommend choosing one that’s aligned with a recognised accounting body. For example, delegates who attend and complete my training courses are presented with an AAT certificate which can be included in their CPD records.

If you have a competent accounting team, or perhaps the assistance of a financial director or manager, it can be tempting to keep the ball firmly in their court – but as an owner or manager, knowing the fundamentals will help you to understand the data they present to you, and what it means to your business as a whole.

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