Event Title: Finance for Non-Financial Managers

Date: 10th & 11th Sept 2020 ( 2 x half day online sessions)

Delivery: On-Line sessions

Cost: €125 pp with Skillnet funding applied

To book a place email: maeve@icbe.ie

 

Programme Overview

In order to maximise their contribution to a business, all managers need to have a solid understanding of finance. The aim of the Finance for Non-Financial Managers course is to give managers from a non-financial background the opportunity to gain a better understanding of the basic principles of business finance and to become more confident in addressing matters of a financial nature.

The course is open and flexible to suit the audience requirements. Accounts and information sheets will be provided along with a contextual analysis of recent financial news and topical subjects. The course is also presented in a non-technical fashion.

Who Should Attend?

Managers and executives with responsibility for making decisions in business and managing departmental budgets who have limited or no financial background.

Course Overview

Understanding financial statements – 1: Understanding the Profit and Loss Account and key terminology. Issues that arise in relation to recording income and expenditure.

Understanding financial statements – 2: Understanding the Balance Sheet and key terminology. Issues that arise in relation to recording income and expenditure.

Interpretation of financial statements: How to go about analysing financial reports. KPI’s and ratio analysis. The interaction between the profit and loss account and balance sheet.

Financial techniques used in business decision making: Investment appraisal techniques – long term decision making. Marginal costing techniques – short term decision making. Making the business case.

Budgeting and business planning: The purpose of budgeting and business planning. Budgetary control techniques. The importance of the cash flow forecast.

In preparation for the course, participants should consider if there are any recurring topics/issues they have with finance that they would like to have a better understanding of.

Key Outcomes

By the end of this two-morning course, participants will better understand:

  • The role of the Profit and Loss Account and Balance Sheet in financial reporting in organisations.
  • Commonly used financial terminology in business.
  • How to read financial statements and management reports.
  • The role of finance in planning and decision making

 

Schedule:

2 x 3 hour sessions

Training Provider:

Irish Times Training has been in the professional development and education business for over 40 years. As a subsidiary of The Irish Times, they work with a broad range of people and organisations to deliver the highest quality training in Business, Management, Digital Marketing, Personal Development & Executive Education programmes. Training delivered is thought provoking, challenging, interesting and exciting, equipping participants with the skills and knowledge to make real change in their organisation.

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