Effective financial management

This workshop has a focus on enabling you to become confident with finance terminology and to understand the linkage between effective financial management and your business strategies.

  • Supported by: AusIndustry – Innovation Programmes
  • Sessions: -
  • Event type: Information session

Participants will gain an understanding of how to structure a business to ensure best practices in financial management are embedded into everyday operations, including:

  • how to understand financial reports
    • what is the Chart of Accounts and is yours poorly designed?
    • the importance of Cash Flow projections and management
    • what your Balance Sheet shows you about the business
    • understanding your Profit and Loss report
  • using financial reports in business decision making including exploring the importance of budget processes and financial forecasting
  • protecting the business with internal controls
  • introducing accountability through reporting
  • identifying typical financial risks for SMEs
  • exploring the linkage between financial management and delivering on future plans and strategies
  • developing an understanding of your legal responsibilities as a Director, Owner and/or Manager.

Session List

Select the specific event you wish to attend from the sessions listed below

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