Course Overview:
This Finance For Non Financial Managers Training course, to be delivered in Limerick, is a 2 Day Public Programme designed to demystify finance, explaining simply and clearly what the key financial statements mean, how they work and how they relate to each other. The course will give participants a sound understanding of the financial tools and techniques that they need to radically improve their planning and budgeting skills and become a more effective manager.By the end of this course participants will have increased their contribution to their organisation and boosted their career development.
Our Finance For Non Financial Managers Programme is also available for delivery as a Customised In-Company Course at clients facilities nationwide in Ireland, including Dublin, Cork, Limerick and Galway.
At Course Completion:
- Explain financial jargon and techniques in layman's terms
- Improve participants' confidence when dealing with financial matters
- Break down the barriers between participants and their finance and accounting colleagues
- Enable participants to make better decisions based on a clearer understanding of financial data
Pre-requirements:
Managers at all levels who have to be able to read and understand accounts and who should know how accounts are created, and how to interpret them.
There is no set of pre-requirements for this course. This course is for anyone looking to refresh or develop their financial skills. It is also ideal for managers who are new to finance, as no previous knowledge is presumed and concepts are introduced in a simplified manner. This Finance for Non-Financial Managers Course introduces candidates to the world of finance at a fundamental Level, enabling them to adequately understand the financial issues with which they may be faced. Working from first principles to develop financial understanding and skills, upon completion candidates will have built the confidence to handle the issues involved in financial matters. At the end of this course, candidates will be able to confidently discuss and use financial information, understand financial jargon, prepare and manage your budgets effectively, read and analyse a set of accounts and use basic financial tools.
Participants Study:
- Finance terminology
- The Income Statement
- Assets & Liabilities
- The Balance Sheet
- Profit & Loss Accounts
- Analysing & Interpreting
- Liquidity & Cash Flow
- Costings
- Budgeting
Course Contents:
Financial Terms and Concepts
- Understanding the structure of financial statements
- Relating the income statement to the balance sheet and cash flow statement
- Demystifying financial jargon
- Budgeting process: translating the business plan into figures
The Profit and Loss Account
- Revenue/Sales Income
- Cost of Goods Sold
- Gross Profit
- Profit before Interest and Tax/Operating Profit
- Profit Before Tax - Taxation - Profit After Tax
- Typical Layout of a Profit and Loss Account
The Balance Sheet
- Subcomponents of assets, liabilities and equity
- Distinguishing between fixed and current assets
- Depreciating and/or revaluing fixed assets
- Accounting for provisions, accruals and prepayments
- Deferring income and expenses
Analysing and interpreting statements
- Utilizing appropriate ratios to ascertain financial strength and viability
- Deriving meaning from company financial statements
- Determining return on capital employed
Setting budgets
- Forecasting sales and revenue
- Calculating cost of sales and overhead
- Limiting factors
Analysing break-even points
- Calculating a project's break-even point
- Return on Investment
- Assessing the financial viability of capital projects utilizing the return on investments (ROI) and payback methods
Note: The above syllabus may change during the training course to provide more detail in aspects, which have been ascertained to be of greater value to the trainee.
Award: Procad Training Certificate of Completion
For Further Details, Contact: Barbara Egan (061 498904) or email B.Egan@ProcadTraining.com / or info@procadtraining.com
