The course tutor will take you through the fundamentals of financial management, giving you an understanding of financial terminology, how to prepare financial statements, how to read and analyze accounts and financial statements, and most importantly how this information should be used in your decision-making and cash flow forecasting. 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.

 Professionals in various roles, including non-managerial positions, can greatly benefit from developing skills in understanding and interpreting financial statements and management accounts. As individuals progress within their careers, there is an increasing need for meaningful input in financial decisions, even outside traditional management roles. Regardless of the type of business or industry, these skills are becoming increasingly important, as Financial Statements and Management Accounts provide crucial information about organisational performance. If you aspire to advance to higher levels within your career, acquiring the ability to understand and interpret this financial information is essential for your professional growth and success, regardless of your current role.

Course content‍

Accounting principles and financial reporting

•      Understanding common financial terminology
•      Fundamentals of financial and management accounts
•      Evaluating the companies’ performance

Understanding the key ‘Financial Statements’

•      Statements of Financial Position (Balance Sheet)
•      Statement of Profit or Loss Account (Profit and Loss A/C)
•      Statement of Cash Flows (Cash Flow Statement)

Working Capital Management

•      Understanding the difference between profit and cash
•      Cash flow forecasting for business
•      Techniques for improving cash flow
•      Key working capital (short-term solvency ratios

Management Accounts

•      Importance of Management Accounts
•      Typical Contents of Monthly or Quarterly management accounts

Preparing a Business Plan to secure long-term cash investment

•      Equity funding
•      Debt funding
•      Management
•      BREXIT

Who should attend?

• Managers holding non-finance roles in the organisation but whose job description requires budgetary management and delivery of KPI’s
• Managers who want to gain a greater insight into how the accounting results are compiled but who do not need detailed training in finance.
• Manager/Executives with a reporting remit to the Board.
• Other staff whose activities directly impact the revenue generation or cost incurrence of the organisation and who therefore need to understand ramifications of their actions.

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Certification

On completion of this one-day training course, you will receive your Certificate of Attendance. Please note certificates are issued at the close of the training course to participants on completion of the course. Please check directly with your association or awarding body to see how many points they will award.

Cost

An ‘Early Bird’ discounted rate of €485 is currently available. This training course normal rate is €585. Places are limited and are allocated on a first come first served basis. PLEASE NOTE THE EARLY BIRD RATE CLOSES 3 WEEKS PRIOR TO COURSE DATE. The course cost includes all course documentation and certificate.