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Become a member

Four Day Course

Mastering Your Business Finance – Series 1

Equip yourself with the critical skills and insights needed to expertly manage and enhance your business's financial health.

732 reviews

Please note: Member credits available for use on this course

This series offers a foundational understanding of financial literacy, specifically tailored to the needs of business owners and professionals responsible for managing business finances.

Participants will explore the core components of financial management, including interpreting financial statements and addressing common financial challenges.

By mastering essential financial terminology and aligning with legislative requirements, learners will gain the confidence and skills necessary to drive their businesses toward sustained success and profitability.

Participants will receive comprehensive notes, Excel templates and other resources for ongoing use.

Save more when you train together. Get tailored workplace training and save up to 60%. Find out more.

Duration

Weekly, over four half days

Topics covered

Workshop 1	Accounting 101 The Language of Business - Introduction to Financial Statements
Workshop 2	Understanding the Profit and Loss Statement - Tracking Your Profitability
Workshop 3	Decoding the Balance Sheet and Statement of Cash Flows - A Snapshot of Your Business's Health
Workshop 4	Revenue and Cost Drivers - Maximising Profitability

Learning outcomes

Workshop 1

Understand why financial literacy is crucial for business success
Identify common financial challenges faced by businesses
Understand key financial terminology and jargon by defining essential terms found in financial statements
Understand legislative and compliance requirements for small businesses
Learn the basics of the three main financial statements and how they interrelate

Workshop 2

Understand how revenue and expenses are recorded
Differentiate between cost of goods sold (COGS) and operating expenses
Calculate gross profit, operating profit, and net profit
Learn about different profitability metrics
Understand the concept of accrual accounting vs. cash accounting

Workshop 3

Understand the key components of a balance sheet
Learn how to interpret a basic balance sheet
Understand why cash flow is different from profit
Understand the limitations of profitability
Recognise the importance of managing cash flow for business survival

Workshop 4

Learn how to identify the key contributors of revenue and the factors that impact revenue
Learn about the importance of customer acquisition and retention
Learn how to understand and manage costs including how to calculate the breakeven point and using other financial evaluation techniques
Learn how to assess the impact of changes in sales volume, price, or cost on profitability
Learn about the importance of profit margins

Who is this suitable for?

This series is designed for business owners, managers, and professionals who oversee business finances or aspire to enhance their financial acumen.

Learning pathway

This is the first instalment in a two-part series. After completing this course, participants can advance to Planning for Your Business Success, where they will further refine their financial planning skills and strategies.

You will earn a Victorian Chamber Digital Credential on completion of this course.

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Training FAQs

Can I use credits or entitlements when booking a training course online?

Yes you can and it’s as easy as selecting your chosen training course, following the payment prompts and selecting your entitlements as the payment method.

This excludes any partnership courses, find out more.

Why can't I see the member price when I try to make a booking online even though I am a member?

Kindly contact a customer service consultant who will be able to assist via Contact us.

Why am I unable to access member resources and member pricing when I log into my account?

Your membership account may be currently on suspend. If you like, we can send you through a copy of your renewal invoice. Kindly contact a customer service consultant who will be able to assist via Contact us.

Who should I contact if I am having trouble completing a registration online?

The Customer Service team would be happy to complete the registration for you. Simply advise the following: 1. The event name and session (i.e. date and time) 2. the attendees name, email address, position title (and dietary requirements if in-person) 3. how much of available credits should be applied to the registration. Kindly contact a customer service consultant who will be able to assist via Contact us.

What should I do if I am unable to log into my Victorian Chamber account?

The Customer Service team can manually reset your Victorian Chamber online account and email you further information on the login details. Kindly contact a customer service consultant who will be able to assist via Contact us and provide your membership number or trading name, your name, email address, and contact number. We will then arrange for a new password.

Will I earn a digital badge?

A badge is a digital way to represent your certification achievement. We are pleased to have partnered with Credly to provide you with a digital version of your credentials for some of our training courses. If the course you are registering for is eligible for a badge, you will see the Credly logo on this page. Click here for more information.

Are all courses delivered online as well as in-person?

Most of our courses are offered online as well as in-person. However, due to the content and structure of some courses they may be offered either online or in-person. If you cannot find the course you are after, kindly contact a customer service consultant who will be able to assist via Contact us.

How are Online courses delivered?

Online courses are delivered using zoom. Details on how to log in, the zoom link and course materials will be emailed to the participant prior to the course commencement.

Does the Victorian Chamber offer WorkSafe approved courses?

Yes, the Victorian Chamber offers 4 WorkSafe approved courses. 1. HSR Initial OHS Training Course 2. HSR Refresher OHS Training Course (Plant) 3. HSR Refresher OHS Training Course (Work-related Violence) 4.HSR Refresher OHS Training Course (Work-related Stress)

If an organisation has several staff that require training, can courses be delivered onsite?

Yes, all of our courses can be delivered onsite. Most courses can be tailored to suit your requirements. For more information contact our onsite team on 03 8662 5196 or email onsitetraining@victorianchamber.com.au

Does the Chamber offer self-paced learning?

Yes, we offer self-paced learning. The details are available on our website.

Can I use credits or entitlements to pay towards a training course?

Yes you can and it’s as easy as selecting your chosen training course, following the payment prompts and selecting your entitlements as the payment method. Find out more.

Can I use credits or entitlements to pay towards onsite training?

Yes, you can use credits or entitlemets to pay towards onsite training. For more information contact our onsite team on 03 8662 5196 or email onsitetraining@victorianchamber.com.au