Course
Course duration: 1 day
Course cost : €275 Engineers Ireland/Engineers Skillnet member
€375 Non-Engineers Ireland but Engineers Skillnet member
€450 Engineers Ireland but non-Engineers Skillnet member
Overview
Finance is the lifeblood of every business and in this highly interactive and practical programme we will provide the participants with the financial skills and understanding of financial information to help them effectively manage and Have a greater understanding of the overall responsibility of an engineer in delivering project and business profitability
At the end of this course attendees will:
- Understand that the management of cash flow and working capital is a central element in successful project management
- Understand the implication and importance of the efficient management of work in progress and how its effects profitability and cash flow.
- Better skilled in budget preparation, tracking and adherence
- Have a prepared one year budget for their business/department
- Have a set of key financial indicators to assist them to manage their finance function
Who should attend
The course will be of interest to all engineers seeking to better understand the financial operations of projects and of a business.
Outline
Course Content
Understanding Financial, Management and Profit Accounts
Simplifying the Profit and Loss Account
Understanding the impact of work in progress on profitability and cash-flow
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
Working Capital Management