The course takes place over six days:
Mrs Josephine Carr
Mr William Carr
Tel: +44 (0)20 7905 1234
Six day course
Applicants may choose to take the days separately.
Finance & Management
A six day course designed to increase the understanding of practice owners and associates regarding financial and employment issues within the practice environment, providing the insight and information to allow practitioners make more informed decisions. The days are interactive with participants analysing actual sets of accounts, preparing budgets, and setting fees.
What will I learn?
The course aims to help students to understand the theory of financial management, to feel more comfortable using the terminology and feel more confident when discussing proposals with their bank manager, solicitor or accountant.
Why should I study this course at the Institute?
The course addresses the key principles of finance and practice management (the theory) and then uses practical dental scenarios and examples to consolidate the students understanding and application of these theories.
Availability: Six days over four months
Verifiable CPD: 39 hours
Day One: Introduction to Accounts
- accounting terminology
- creating a budget
- deciphering final accounts
Day Two: The Accountants and Bank Managers Perspectives
- applying for a loan
- getting the most from your bank manager
Day Three: Budgeting and Management Accounts
- cash flows
- fee setting
Day Four: Thinking of Buying or Selling a Practice?
- advice from a bank manager, a solicitor and an accountant with extensive experience of buying and selling dental practices
Day Five: Employment Law
- employment contracts for both staff and associates
- statutory disciplinary and grievance procedures
- age legislation
Day Six: What Next?
- financial planning
- sole trader and limited company status
Teaching and learning
The course leaders will be assisted by a number of accountants, solicitors, financial advisors and bank managers, all of whom have extensive experience within the dental profession. Students, at whatever stage in their careers, will receive valuable advice regarding a broad spectrum of financial and employment issues.
Applicants must normally hold an approved dental qualification.
How to apply
Applications are accepted by post or fax. Please follow the application guidelines.
Applications are accepted until the start date depending on availability. This course operates on a first come first serve basis.
Who can apply?
The course is aimed at general dental practitioners or specialists who wish to improve and enhance their understanding of financial and practice management.