Start date: 04 May 2023
Duration: 4th May - 9:30am - 4:30pm
Cost: €99 per person (Non Chamber & Network Members €129)
Course code: N/A
This course is aimed at Managers and Line Managers who wish to improve their confidence in dealing with and the general understanding of business Accounts, Budgetary and Financial Management. This training programme is interactive, engaging and practical in nature with participants getting hands on experience of analysing and interpreting financial information. Case studies and accounts will be used during the workshop.
A workbook in which participants record their learning and how they will use the knowledge will be completed after each section. The Programme materials will be available in both hard and soft copy and includes:-
• Comprehensive programme notes, slides and workbook.
• Case studies and redacted accounts of real business
• Templates for analysis, costing and pricing
On completion of the training programme, participants will:
Participants will gain the knowledge, skills and techniques necessary to undertake a financial performance analysis of their business or division, track key financial performance indicators and recommend / implement appropriate corrective measures. On completion of the training programme, participants will:
Understand the main terminology of finance and accountancy.
Learn how funds flow through a business.
Read and interpret financial reports.
How to use basic ratio analysis to track performance.
How to cost and price goods and services.
Use company financial information at divisional / unit level.
Who Is This Course For?
This course is suited to anyone who would like to gain a better understanding of how finances work within an organisation.
• Demystifying the language and terminology of business finance
• How funds flow through a business.
• Understanding and managing working capital and cash flow.
• Reading and interpreting financial reports – Balance Sheet, Profit & LossAccount, Funds Flow Statement.
• Using ratio analysis to assess and track business performance.
• Reading the financial reports for your own business (case study).
• The importance of taking a structured approach to costing and pricing.
• Establishing and monitoring financial Key Performance Indicators.
• Key elements of improving ‘bottom line’ performance
• Using organisations’ financial information to best manage units or divisions.