Irish Management Institute

Finance for Non-Financial Managers

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About the course

To be effective, managers need to be financially literate. They need not be experts, but need to be able to interpret figures and understand what lies behind them. The fundamentals of finance can readily be grasped in three days, by which time managers will be equipped to perform their own jobs better, communicate better with their accountants and contribute better to the management team.

This programme is suitable for all individuals who, irrespective of their level, deal with financial information and are responsible for budgets. Credit control staff will also learn how to avoid bad debts.

Benefits

  • Appreciate the role and limitations of finance.
  • Develop a firm grasp of the fundamentals of finance.
  • Understanding of the skills of monitoring and conserving cash flow.
  • Analyse your company’s performance and control your department more effectively.
  • Enhance your decision making.
  • Spot and manage financial risks.
  • Communicate more effectively with your finance department.

Programme Details

  • Accounting principles and financial objectives
  • Understanding annual and management accounts
  • Interpreting the balance sheet
  • Simplifying the operating statement
  • Using ratios
  • Evaluating companies’ performance
  • Managing cash-flow
  • Appraising capital investment
  • Recovering overheads
  • Planning through break-even analysis
  • Costing for decision making
  • Budgeting for the future

Who should attend

This programme is suitable for all individuals who, irrespective of their level, deal with financial information and are responsible for budgets. Credit control staff will also learn how to avoid bad debts.

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