SCVO

This event is in the past

This online course is packed full of content to help you identify and understand what is required to manage your finances effectively.

• Budgeting
  • Why we need a realistic budget
  • Thinking about the different types of cost
  • Setting budgets
  • Making sure it all stacks up
• Full Cost recovery
  • Why we need to use full cost recovery
  • Practical use of FCR
  • How this can be used for costing services
• Budget monitoring and reporting
  • Monitoring – actual v budget
  • What do variances tell us
  • Using budget monitoring internally
• Cashflow projections
  • Purpose of cashflow projections
  • Constructing a simple cashflow
• What we need our financial package to do
  • Choosing a suitable financial package and setting it up to be used
  • Restricted funds – recording for easier reporting
  • Effective use of the reports function

Course overview

This online course with Pamela Redpath will look at financial roles and responsibilities within a voluntary sector organisation, why you need financial information, how to use it and how it impacts on others.

It can be studied as a standalone course or in conjunction with the other "All things financial" course Annual accounting, governance and reporting - book both courses, get 10% off the 2nd!  

Overall course aim

The aim of this online course is to look at how to get the financial planning right within your organisation by setting project and organisational budgets that are realistic and cover full costs of service delivery, how to monitor the budgets and recognise when to take corrective action.

It will also look at cash flow management as another essential tool for maintaining good financial health.

There will also be time to take a brief look at financial systems and how getting them right is essential, not just for sound financial control but also for efficiency and effectiveness and making the most of the always limited financial staffing resources.

Who is the course aimed at?

This course is aimed at people requiring an introduction to the principles of budget setting, monitoring and effective financial management.

Entry requirements

There are no formal entry requirements.

Date

09:30-13:00, 22 October 2024

Contact

Helen Swatton

Cost

SCVO members £90, Non-members £130

Attendance type

Online only

Venue

SCVO Zoom meeting

Book now

In house training service
This course can be delivered in-house
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