Crew
Advance your skills, gain certifications, and unlock new opportunities. Kelp offers flexible and affordable online training for yacht crew at all levels.
Keeping good financial records of your business is essential. There are a few clear examples of the type of records you should be making including trading accounts and a balance sheet to name a few.
This session firstly breaks down what a number of financial records are, how they are useful to a business and how to calculate items such as current assets, profit and loss, net profit and financial performance.
Once the session is complete, you will understand the different ways you can calculate costs and the importance of keeping financial records up to date.
Learning objectives:
- Understand the difference between a range of financial terminology
- Identify how to calculate a firms working capital by using a simple equation
- Establish how you can use a competitors profit information as part of your competitor research
