All managers need a basic understanding of finance. Financial statements contain vital information about the organisations operating results, and it’s essential that you are able to understand and interpret this info. You have to know where your firm is excelling, and where there are opportunities for improvement. Using, understanding, and interpreting this information will ensure you make much better business decisions.
This CPD certified 1-day course will take you through the essentials of financial management, will give you an understanding of financial terminology, how to prepare and manage budgets effectively, how read and analyse accounts and statements, and most importantly how this information should be used in your decision-making. Attendees will leave this training course with a better understanding of the basic principles of business finance and become more confident in addressing and understanding matters of a financial nature.
Accounting principles and financial reporting
Understanding common financial terminology
Essentials of effective book-keeping
Interpreting Balance Sheets and Cash Flow Statements
Interpreting financial statements - ratio analysis, breakeven analysis, cost accounting, working capital, cash flow forecasting
The components of a good business plan
Profit & Loss Accounts
Evaluating the companies’ performance
The difference between cash flow and profit
Costing for decision making
Budgeting for the future
Who should attend?
This MasterClass has been designed for managers and executives with responsibility for managing budgets, company directors with limited or no financial background or entrepreneurs with little or no previous financial experience. The course would also be beneficial to those in accounting who are looking to update or refresh their knowledge and habits.
On completion of this one-day training course, you will receive your CMG MasterClass Certificate as well as your CPD Certificate containing 5 Structured CPD Hours. Please note certificates are issued at the close of the training course to participants who complete the full five hours.
This training course costs €395 EARLY-BIRD (Normal rate €465). The price includes course documentation and training pack, teas and coffee, snacks, biscuits, fruit on arrival. Lunch is a light fare containing freshly cut sandwiches, wraps, a selection of teas and coffee. Alternatively, you can avail of the local food stores and coffee shops within a one-minute radius of the training centre for hot food or alternative lunch options.