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Understanding your co-op’s finances

Event

Start date / time
Wednesday 02 December 2020, 9:30am
End date / time
Thursday 03 December 2020, 1:30pm
Location
Online
Price
£50 + VAT for members of Co-operatives UK / £72 + VAT for non-members
More information
[email protected]
Organised by
Co-operatives UK
Event type
Event type
Training
Webinar
Image
Understanding your co-op's finances, training course, 2-3 December 2020

Join Andrew Woodcock from Co-op Culture and Acorn Co-op Support for this online training workshop from 2-3 December, 9.30am-1.30pm (both days).

About the training

This advanced-level workshop is a must-attend for board directors, management committee members and members involved in overseeing their co-op.

It aims to demystify accountancy and help delegates interpret their co-op's management accounts and use that financial information to make informed business decisions.

Please note: This course is suitable for all legal forms. It is not an accountancy course based on what the law says; it's about understanding what accounts mean and how to understand them.

Format

  • This training workshop will be hosted on the Zoom for 4 hours on both 2 and 3 December. Attendees will need to attend both days.
  • A mix of presentation, Q&A and breakout sessions. 
  • Refreshment breaks will be incorporated. 

How much does it cost?

  • £50 + VAT for members of Co-operatives UK
  • £72 + VAT for non-members. Co-operatives UK members receive 30% off all paid events – plus LOTS more benefits. Learn about Co-operatives UK membership.

What you will learn

  • The basic concepts of accounting.
  • The importance of management accounts for making financial decisions.
  • How to interpret management accounts.
  • How to forecast cashflow and interpret cashflow statements.
  • How to create an income statement, profit and loss sheet, and balance sheet.
  • Financial performance indicators and what can we learn from them.
  • Gearing ratios and what we can learn from them.
  • How share capital relates to this accounting framework.

Who should attend

The course for anyone running co-operative organisations who need to understand and make decisions based on financial accounts. For example:

  • Members of a board of directors
  • Members of a management committee
  • Members involved in overseeing the business

About the trainer

Andrew Woodcock is from Co-op Culture and Acorn Co-op Support. Andy is an experienced trainer with excellent communication skills. They have great knowledge of participatory techniques and has lived and worked in co-ops for the last 20 years.

Andy co-manages a £750,000 co-op loan fund, as well as a co-operative investment fund of almost £1million. They have helped various co-ops raise over £5m of capital as well as being treasurer to many co-ops. Andy also prepares co-ops accounts. 

Andy co-produced the Introduction to Financial Literacy workshop which has now trained over 500 people in better understanding their co-op's accounts.

Joining info

Registration link: Book now
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