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

Read more about our Understanding your co-op's finances training below. It takes place in Manchester on 3 October 2019, between 10.00am-5.00pm.

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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.

NB: 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.

"Incredibly informative, with complex ideas and information made easy to understand. 10/10." Plan B Housing

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

"Andy was a great trainer, clear and honest."  Alex Allsworth, Catalyst Collective

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 businesss

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.

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

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Event details
Date and time
Thursday, 3 October 2019 - 10:00am to 5:00pm
Co-operatives UK
Holyoake House
Hanover Street
M60 0AS
United Kingdom
£150 + VAT for Co-operatives UK members / £215 + VAT for non-members
More information
Contact Leoni Merrifield
Updated: 17/09/2019