Date
December 3, 2021
COURSE DELIVERY
Virtual
START TIME
9.30am
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Course Description

Some managers will progress to senior manager or director level and consequently there will be a greater need to have a meaningful input in financial decisions. Every manager (regardless of the type of business) will require the ability to understand and interpret financial statements and management accounts. In the midst of a Global pandemic and the Brexit transition these skills are more vital than ever. Financial Statements and Management Accounts contain vital information about the organisation’s financial and non-financial performance. It is essential for you to have the ability to understand and interpret this information. If you are serious about progressing to a higher management level, you will need these essential skills

The course tutor will take you through the essentials of financial management, giving you an understanding of financial terminology, how to prepare financial statements, how read and analyse 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..

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?

This course has been designed for managers and executives with responsibility for managing budgets, company directors with no or limited 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.

Certification

On completion of this one-day training course, you will receive your CMG MasterClass Certificate of Attendance in Finance for Non Finance Managers. Please note certificates are issued at the close of the training course to participants on completion of the course. You will also receive a full Finance for Non Finance Managers course pack to refer back to at any time in the future. Please check directly with your association or awarding body to see how many points they will award.

Cost

An ‘Early Bird’ discounted rate of €425 is currently available. This training course normal rate is €495. 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, the Finance for Non-Finance Managers training pack and Certificates. CMG work with a number of Skillnet Ireland Learning Networks, please get in touch with your local network for funding opportunities.

Tutor

Peter Plant
Lecturer with First Intuition Ireland

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