West Coast New Zealand

Accounting for Non Accountants

Presented by Geof Franks 

A recent survey of small businesses revealed that 41% consider the financials to be the hardest part of running their business, and 19% admitted they put their financials into the ‘too hard’ basket. Accounting for non-accountants is designed specifically for those who need to read their basic financial statements and improve their understanding of key accounting concepts.

This practical workshop will improve your financial understanding. By the end of this course you’ll be able to read your Profit & Loss Statement and Balance Sheet, and understand the common classifications and groupings within them.

Through practical examples and exercises you will learn: 

• What double entry accounting means
• The key elements of a Profit & Loss Statement
• The important features of a Balance Sheet
• The purpose of depreciation
• Some key ratios for further analysis.

Each topic begins with easy examples and builds towards the more complex, as participants are guided through financial statements, their classifications and groupings, and other related issues.

After this course you will be able to:

• Understand the key groupings for your expenses, assets and liabilities
• Read behind the numbers and know which are the most important
• Understand the jargon used by accountants
• Read your own financial statements

Budgets and Cashflow 

Presented by Geof Franks 

Too many businesses fail because there is insufficient cash to pay bills as they fall due. This workshop explores the importance of budgets and sound cashflow management in a small business and gives you some of the tools you need to start planning your future revenues and expenses.

By the end of this workshop you'll understand how budgeting can help you control your expenses, and how to anticipate your future cashflows.

• Why you should prepare budgets and cashflow projections
• Techniques for preparing simple (and not so simple) budgets
• Ways to reduce your small business costs
• How a small business can be profitable but not have enough cash to pay bills
• How to prepare a cash budget (cashflow forecast)

Note: This is a hands-on workshop and participants will be asked to complete practical exercises. Bring a calculator.

Costing and Pricing Your Goods & Services 

Presented by Geof Franks 

Most businesses have a range of products and services. But do you know if some of the items you sell are losing you money? By the end of this workshop you’ll be able to go back to your business and calculate how much you should be charging for your products and services.

Through practical examples and exercises you will learn:

• How to calculate what it costs you to provide your products or services
• The most common methods of determining a selling price for your products or services
• How to calculate charge-out rates for employees (or how much per hour they really cost you)
• How to justify the price you need to charge rather than competing with a low margin at a low price
• How to calculate break-even points in your business
• How to work out the extra sales necessary to recover a planned expense.

Note: This is a hands-on workshop and participants will be asked to complete practical exercises. Bring a calculator.