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Finance Fundamentals

This Finance Fundamentals training course 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.

Product Code:
LD32
Duration:
2 Days
Times:
09:30-16:30
Cost Includes:
Training course materials and after-training support
Contact Name:
Sinead Landers
Venue:
Limerick
Date:
X €595.00
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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

  • Utilising 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 utilising the return on investments (ROI) and payback methods

This Finance Fundamentals training programme may be of interest to 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 Fundamentals 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.

Classroom based, instructor lead, practical hands on course.

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