Date: 11th May 2022 - 25th May 2022
Time: 09:30 - 11:30
Online via Zoom
CPD Hours: 6hoursThis course breaks through financial jargon and helps to interpret account statements and balance sheets. We will also explain budget control and accurate forecasting, effective cost-management, how to understand company accounts and cash flow statements as well as how to make a business case for investment.
This course breaks through financial jargon and helps to interpret account statements and balance sheets.
We will also explain budget control and accurate forecasting, effective cost-management, how to understand company accounts and cash flow statements as well as how to make a business case for investment.
6 CPD hours made up from 3 sessions:
Session 1 - Wednesday 11 May 2022 at 9:30am - 11:30am
Session 2 - Wednesday 18 May 2022 at 9:30am - 11:30am
Session 3 - Wednesday 25 May 2022 at 9:30am - 11:30am
The Essential Financial Skills Course is recommended for solicitors working in private practice who have, or are about to take on, responsibility for the finances and budget of their department, work closely on transactions with finance colleagues or who want to understand more about their organisation’s financial strategy. Whether you have recently taken on budgetary responsibilities for the first time or wish to broaden you financial knowledge, our course will give you the tools required to operate confidently and competently when undertaking finance tasks. The course has a limited number of places (18) and aims to encourage attendees in a safe environment to better understand the financial practices of law firms of all scale.
- Understand the make up of the Profit & Loss Sheet
- Understand the make up of the Balance Sheet
- Appreciate why variances occur
- Understand the relationship between WIP & Fees and Cash
- Understand the importance of cash flow management
- Recognise when cost constraints are essential
Reduced rate (Trainees, new members, accredited paralegals)
- £245 + VAT
- £195 + VAT (more than one place)
- £295 + VAT
- £245 + VAT (more than one place)
- £345 + VAT
- £295 + VAT (more than one place)
Law Society Scotland staff rate
- £147.50 + VAT
To book more than one place email CPD@lawscot.org.uk
Scott was, until his recent retirement, a Relationship Director in the Royal Bank of Scotland Group. In that role Scott looked after the Legal & Professional Services Customers of the Bank, working closely alongside firms with revenue streams ranging from £1m up to £50- £60m per annum.
He is now consulting with Scottish based Legal and Professional services businesses about their growth ambitions and day to day needs. Scott’s focus is to help firms spend their time where it matters most. With over 25 years of banking and relationship management experience Scott can attest that this is not always as simple as it sounds.
There are few people with Scott’s knowledge and understanding of legal sector finances, and with his singular experience of well run law firms. He is enthusiastic and personable, unfailingly making a positive impact on new partners.
In his free time he enjoys playing golf (not at the level he once did) and spending quality time with family and friends.
"Essential Finance Skills was excellent. Scott Foster engaged us in a very practical and accessible introduction/overview."
"Very informative - was great to have an example of accounts to go through, really brought the training to life."
"Scott Foster is a fantastic presenter of such training in terms of his knowledge, skill and inclusive approach."
"Scott was an excellent host and was very personable. He made a potentially dry subject very interesting."
"Scott was very knowledgeable and open to questions offline."
"Breaking the course down into three shorter sessions seemed a more effective way of delivering the content of the course rather than attending a single six hour session. It's also easier to build around existing business requirements."
"Practical and interesting course. A must for any lawyer who needs to understand firm finances."
"Scott was extremely knowledgable and very good at explaining things in a straightforward and easy to understand way, particularly for someone with limited exposure to accounts to date."
"Terrific management course which was both informative and practical."