event

This workshop will be hosted by Mandy MacKinnon from MHA MacIntyre Hudson

About The Workshop:

In this session you will look at the fundamentals of sets of accounts, explaining clearly what they tell you and how they can be best used.

We start with the profit and loss account (P&L) looking at what is included plus some key ratios, an understanding of which will enhance your chances of boosting your profitability and avoiding running out of cash.

• We then look at the balance sheet, exploring how this differs from the P&L and again considering what key ratios you should be looking at.
•  We also cover cash flow forecasts, explaining how they differ from P&L’s and stressing their importance in ensuring you can pay your liabilities as they fall due.
•  Finally, we look at some of the differences in the way the same items are treated for producing sets of accounts and the way they are treated for calculating the tax you owe.

The Benefits:

The main benefit of this workshop is that you will have a better understanding of your own set of accounts and how the information has been built up. This means you can understand what the figures mean and relate them to how your business operates. If you do not understand your financial information it can be a big risk, as you may not realise when you need to take action to remedy issues or you may miss out on opportunities to develop your business further.

Please feel free to bring along your own set of accounts or other financial information if you feel this will be helpful.

About Mandy MacKinnon:

Mandy MacKinnon is an experienced chartered accountant and business strategist who excels at advising clients how to overcome growth and profitability issues.

As a founder member of the Firm’s Business Strategy Group, formed in 2001, Mandy has worked with a wide variety of SMEs from a range of sectors over the years.

Business owners and management teams have benefited from her help with developing robust strategic plans that have improved the value of their businesses.

About MHA MacIntyre Hudson:

Corporate Statement: Global Expertise. National Experience. Local Excellence

“At MHA MacIntyre Hudson, they understand that entrepreneurs are driven by vision – and thrive on change.

They know the importance of seizing the advantage in a constantly evolving environment.

They appreciate the powerful forces that motivate both small & medium-sized businesses (SMEs)  and larger enterprises chasing growth.

With roots in the owner managed business community, they have evolved advising the vital SME sector.

Today they also provide a full range of financial and business strategy services to larger enterprises with additional needs be they audit, governance, tax mitigation or corporate finance.

Their approach is always personal and in a changing world, their support is a constant – and enables their clients to achieve their goals.”