Finance for the Non Financials – 28th March & 04th April 9.30-4.30 both days

Date: 28th March & 4 April 9.30am -4.30pm  (both days) online via Zoom Book through Wexford Chamber SKILLNET

Book Here: https://skillnet.countywexfordchamber.ie/courses/finance-for-the-non-financials/

Overview:
Finance is the lifeblood of every business, and this programme will provide the participants with the financial skills and understanding of accounting systems to help them effectively manage their business’ finances.

Content

Understanding Financial and Management Accounts

• Simplifying the profit and loss account.
• Understanding profitability by department and company wide
• Understanding the principles of finance
• The role of finance in business

Interpretation of Financial Information

• How to read and make sense of financial information
• Analysing balance sheets
• Using financial ratio analysis as a key management tool
• Analytical Review of financial information
• Evaluating the results

Budgeting and Costing System

• Budgeting and financial planning explained
• Preparation and management of key budgets
• How to use the annual budget as a business plan, in assisting with both financial control and business growth.
• Establishing costing systems to correctly record all job and profit
• Extracting the relevant costs

Working Capital Management

• Managing cash-flow
• Why cash is king
• How all decisions impact on cash-flow and profitability
• How to manage inventory, debt collections, thus ensuring a positive cash flow and liquidity position, working capital, gearing, stock days, debtor & creditors days

Finance and Strategy

• Understanding the financial aspects of your business

Process

• Participant workbooks with underpinning knowledge and exercises
• Workshop approach
• Group discussion
• Syndicate & individual exercises

Who should attend?

Owners / Managers, accounts personnel who are very familiar with basic accounting