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Print PageFinance for Non-Financial Managers
Description:
This is a highly participative one day workshop to provide practical and enduring knowledge of financial statements, how they are used to assess and guide business performance and how they are shaped by everyday business decisions and events. Put simply, we will allow participants to understand “accountant-speak” in just one day. If you understand the language, you can provide an input to the process. If you don’t you may become marginalised in decision-making processes. This programme is particularly effective and enjoyable because it is built around active learning using our proprietary web based financial simulators.
- Cost: €450.00
- Duration: 1 day
- Cork Date: 11 Jun, 04 Sep, 06 Nov
- Limerick Date: 12 Jun, 05 Sep, 07 Nov
- Dublin Date: 19 Jun, 06 Sep, 08 Nov
- This course is also available as a customised client specific course.
Prerequisites:
No knowledge of accountancy is presumed, just a desire to cut through the fog of accounting language!
Learning Objectives:
At the end of the training day, participants will be able to:
1. Describe the content and structure of the main financial statements
2. Explain the concepts behind at least two of the four main financial techniques used to assess and interpret financial statements
3. Systematically apply the skills and knowledge to a case study situation
4. Be committed to practicing the knowledge and skills in their work situation
1. Describe the content and structure of the main financial statements
2. Explain the concepts behind at least two of the four main financial techniques used to assess and interpret financial statements
3. Systematically apply the skills and knowledge to a case study situation
4. Be committed to practicing the knowledge and skills in their work situation
How we learn and get the best from the day:
• Learning Theory
• Methods used in the workshop and need to participate
• Methods used in the workshop and need to participate
Money and wealth:
The four elements that determine financial well-being
Financial Statements and business:
• How the four elements expand into the Profit & Loss Account and Balance Sheet
• The structure, content and purpose of the financial statements
• How the statements connect to “real” business activities
• The most important terms, principles and concepts
• Gearing, Profit and Liquidity
• The nature of costs and how to manage them
(Activity based learning exercise using our proprietary web based application - FaBLinker)
• The structure, content and purpose of the financial statements
• How the statements connect to “real” business activities
• The most important terms, principles and concepts
• Gearing, Profit and Liquidity
• The nature of costs and how to manage them
(Activity based learning exercise using our proprietary web based application - FaBLinker)
Interpreting Financial Statements – the four main techniques:
• Ratio Analysis
• Break-even analysis
• Sensitivity analysis
• Key Results Analysis
• Break-even analysis
• Sensitivity analysis
• Key Results Analysis
Using finance to get the best business model and to inform decisions and strategies:
• Planning and Financial modelling
• The Luxury Leathers Case Study
(Activity based learning exercise using our software application FaBSimulator)
• The Luxury Leathers Case Study
(Activity based learning exercise using our software application FaBSimulator)
Transferring the knowledge and skills back to the workplace:
Two things to do to permanently incorporate this new knowledge into your skills-set