Event

Training: Understanding your co-op's finances - Birmingham

Take your co-op to the next level with our one day training courses, delivered by co-operative experts.

Read more about our Understanding your co-ops finances training below. It takes place in Birmingham on Thursday 3 December, 10AM-4.30PM.

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About the training

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

“Andy managed to make accounts interesting! He was extremely clear and logicial, patient with questions and kept to time!” 
Naomi Diamond, Locality

How much does it cost?

The training costs £150 + VAT for members of Co-operatives UK and £215 + VAT for non-members.

Training covers

  • What management accounts are
  • The importance of cash to a business
  • Cash flow forecasting and scenario planning
  • The essentials of accounting, such as types of accounts, double entry bookkeeping and the accounting equation
  • Creating income statements and balance sheets
  • Financial performance indicators and what we can learn from them
  • Gearing ratios and what we can learn from them

Learning outcomes

 

  • The basic concepts of accounting
  • The importance of management accounts for making financial decisions
  • How to interpet 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 is aimed at people running co-operative organisations who need to understand and make decisions based on financial accounts:

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

About the trainer

Andrew Woodcock from Co-op Culture and Acorn Co-op Support will be running this session. An open and talented trainer, with excellent communication skills and knowledge of participatory techniques, Andy has lived and worked in co-ops for the last 20 years. He co-operatively manages a £750,000 co-op loan fund that has never made a bad loan in over 25 years as well as a co-operative investment fund of just under £1million. He has helped various co-ops raise over £5m of capital as well as being treasurer to many co-ops. He also prepares co-ops accounts. He co-produced the Introduction to Financial Literacy workshop which has now trained over 500 people in better understanding their co-op's accounts.

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Image: Christina Morillo

Event details
Date and time
Thursday, 3 December 2020 - 10:00am to 4:30pm
Location
Birmingham
United Kingdom
More information
Contact Leoni Merrifield
Updated: 01/11/2019