The basics of business finance

Every decision that a business makes potentially impacts on the finances of the organisation.

This course is designed to help those with little accounting experience to understand exactly how business finance works.

Delegates will develop a broad understanding of the financial statements and the basics that make the P&L and balance sheet tick, as well as financial record keeping, the importance of accounting systems and financial terminology, and an overview of financial statements.

What will you learn?

This course helps to demystify accounting and finance and provides a broad understanding of the basics. Areas covered include:

• Understand financial statements and how you can influence the results

• Understand different financial terms and concepts

• What is a profit and loss account (income and expenditure for the third sector)

• What is a balance sheet and the relationship with the profit and loss account

• What is a cash flow statement

• Why “cash is king” – the difference between profit and cash

• Debits and credits

• Accounting ledgers and systems

• The trial balance

• Preparation of accounts

• Jargon busting

• Other accounting transactions including VAT

Who is it for?

Business owners, managers, professionals and support staff who need to understand more about basic accounting and finance and how they function within business.

Cost and duration

This course lasts for one day and is delivered at the Aberdeen & Grampian Chamber of Commerce Training Hub by our approved expert trainer.

These sessions are also perfect for groups of staff that require the same training and can also be organised at your offices, an external location of your choosing.

If you wish to develop your financial knowledge even further, check out Business Finance Skills.