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£25.00

Accounting and Finance for Engineers Part One Unit 3: Introduction to Cash flow forecasting and Management for New Businesses

SKU
AU191560
In stock
105
Unit overview

In this unit we are going to look in detail at cash flows from the new business point of view - the cash you will receive and the expenses you are likely to incur.  By now, if you have completed units 3 and 4 you will have a good idea about the basics of cash flow. 

 We will be building on your understanding to look at a few new concepts that apply specifically to new businesses.  The new business could be you as a sole trader setting yourself up to provide a service such as small electrical appliance testing through to starting a new business to exploit a new piece of intellectual property you own.  The range of business is vast but the basics from a financial, and in particular cash flow, point of view are basically very similar.

 We will start by looking at what you, as the originator of the new business, need by way of cash, your personal survival cash; then we will follow the same patter as in the previous two units and look at the sources of cash and then the uses of cash, finally all the information will again come together in the cash flow forecast.  We will round off the unit by looking at cash flow problems.

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Level Professional
Partner Details

Professor  Tony Ward

Tony is Professor of Engineering Management in the Department of Electronics at the University of York where he has worked for 25 years. Prior to that he spent 18 years in Industry as an electronic design engineer, technical manager and programme manager for a number of different companies.  Within York he has held the position of Provost of Alcuin College and Director of the Centre for Excellence in Teaching and Learning in Enterprise.  Externally he has been President of the European Association for Education in Electrical and Information Engineering and managed or participated in over 20 research projects.  He has published 17 journal papers, over 100 conference papers, given over 20 invited lectures or keynotes and written or contributed to 8 books or formally published reports. His research is in area of Engineering Education and Entrepreneurship.  He is the founder and Chairman of Skillsforge Ltd. A competence management and course booking spinout business from the University of York.

Type Unit
What you will learn
• Enable you to understand what is and what counts as cash;
• Enable you to determine your own Personal Survival Cash;
• Describe the sources of cash for a new business;
• Understand the differences between start up and running costs;
• Describe the uses of cash for a new business;
• Show you how to produce a cash flow forecast;
• Understand how to use a cash flow forecast to analyse and solve business problems

Who should learn
• Junior managers who aspire to more senior positions
• Engineers who aspire to management positions
• Non-financial employees who want to learn the basics of accounting and finance
• Individuals wishing to start their own business
Other relevant courses available