Finance For Non-Financial Managers

“The course really brought accounting to life in a very practical and useful way.”

Making it Count (10 CATS)

In order to maximise their contribution to the business, all managers need to have a solid understanding of finance. The aim of this 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 become more confident in addressing matters of a financial nature.

Course Benefits

By the end of this two-day programme, participants will better understand:

• The role of finance in business
• Commonly used financial terminology
• How to read financial statements
• The role of finance in planning and decision making

Course Programme

Business and finance

• The concept of risk and reward
• How business organises itself
• The role of finance in business
• How businesses develop and grow

Understanding financial statements

• Users of financial statements and their needs
• What is meant by accounting and financial reporting
• Basic book-keeping
• Accounting principles, conventions and rules explained
• The Profit & Loss Account, Balance Sheet and Cash Flow Statement

Financial management

• Reading and interpreting financial statements
• Ratio analysis
• Breakeven analysis
• Cost accounting
• Working capital management and cash flow forecasting
• Gearing and equity and debt financing
• Raising finance in business
• Business valuations

Financial planning

• The constituents of a good business plan
• The planning process
• Variance analysis
• Capital budgeting
• The role of finance in the planning process

Location: Irish Times Training, The Irish Times Building, 24 - 28 Tara Street, Dublin 2