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Finance, Funding & Resources

Lose your Fear of Finance: Skills for Business and Research

1 day

Financial awareness is a fundamental part of starting a business and is important within the research environment too. Whether you are thinking of starting your own business or just want to improve your financial knowledge and skills, this workshop will put you on track.

At the end of the day you will be able to:

  • Prepare an operational cash budget using an Excel template;
  • Understand what profit/loss statements and balance sheets are and how they are constructed;
  • Understand the basics of ‘dragon’s den finance’ (“I’ll sell you 40% of my company for £1m”);
  • Tell how quickly a company pays its creditors and gets paid by its debtors;
  • Understand the difference between capital and revenue items;
  • Understand the difference between full and marginal costing;
  • Understand the difference between overheads and direct costs;
  • Fill out a VAT form;
  • Know the meaning of accruals, depreciation, creditors, reserves, and a whole lot of other accounting terms.

Entry Requirements
Places on this workshop are open to staff members on a Research only contract, other staff groups are welcome to apply for a place and will be entered onto a reserve list, in the event of a place becoming vacant a week prior to the session commencing staff members will be offered a place. For further guidance please email

13 April 2016

Room 0.27B, Hadyn Ellis Building, Maindy Road, Cathays, Cardiff, CF24 4HQ
09:00 - 17:00

To book a place on either date please submit your booking request via Core Portal*
*Please note you will need to inform your line manager/principal investigator of your training request so that they can authorise it in the Core Portal. No automated email will be sent notifying them of pending training requests.

Provider: UGC
Target Group: RS & PGR