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Practical Financial Skills Workshop for Small Business Owners (HRDA Funded)

Practical Financial Skills Workshop for Small Business Owners (HRDA Funded)

  • Face-to-Face
  • December 10, 2024, 9:00 am to December 12, 2024, 4:30 pm
  • Seminar dates: 2024-12-10, 2024-12-11, 2024-12-12
  • Instructor: Georgia Cottis

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Tickets details

  • €250.00 Original Cost (Without HRDA subsidy) 20 remaining
  • €60.00 Cost with HRDA subsity 20 remaining
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Organized By Instructor: Georgia Cottis
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Original Cost (Without HRDA subsidy)
20
€250.00
One time registration allowed for this ticket
€0
Cost with HRDA subsity
20
€60.00
One time registration allowed for this ticket
€0
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Practical Financial Skills Workshop for Small Business Owners (HRDA Funded)

Face-to-Face

December 10, 2024, 9:00 am to December 12, 2024, 4:30 pm
December 10, 2024

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Instructor: Georgia Cottis

Organizer's other events

Event Categories:

Personal Development / Professional Development

Overview:

This course is designed to provide participants with a comprehensive understanding of basic financial bookkeeping principles and financial reporting techniques. Through a series of interactive lectures, hands-on exercises, and practical examples, participants will learn how to record financial transactions, prepare financial statements, and interpret financial data effectively.

Importance:

The program aims to meet the training needs and enhance the knowledge related to basic accounting principles, which are required for the preparation and analysis of financial statements and accounting results of a business. The need for the program arose from the fact that many business owners lack any accounting knowledge of their company’s financial data. Furthermore, the increased job opportunities in the field of accountancy and financial reporting raises the need to reskill individuals with the no financial backgrounds with the fundamentals to give them access to relevant job opportunities.

Learning Objectives:

At a knowledge enrichment level
  • Interpret the basic accounting principles governing the daily transactions of their business.
  • Define the various accounting elements of their business.
  • Distinguish between operational and capital expenditures of their business.
  • Differentiate between the financial functions of the business from their personal expenses.
  • Distinguish between assets and liabilities of their business.
  • Understand the difference between cash flows and profitability of their business.
At a skills enhancement level
  • Record and summarize company’s financial transactions.
  • Undertake financial checks and controls to ensure the integrity and accuracy of financial information.
  • Perform basic controls in safeguarding company’s assets.
  • Prepare basic financial statements to calculate the profit of their business and assess its financial position.
At an attitude improvement level
  • Handle financial risks arising from potential losses and impairment of assets from debtors.
  • Adopt basic accounting principles as part of the investment decisions of their business.
  • Εffectively manage the company’s and liabilities with objective to maximum the company’s financial performance.