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Introduction to Finance

DCCI Academy

A practical, straightforward course demystifies business finance for non-finance managers, enabling you to make financial decisions with confidence and understand the world of management and financial accounting with greater clarity.

As a result of this course, you’ll feel equipped to be more financially proactive in your current role, and able to help maximise your organisation’s resources efficiently and effectively.

At the end of this programme you will have learned:

  • The layout and terminology of the three main financial statements: the balance sheet, the profit and loss account and the cash flow statement
  • How the three statements link together
  • How to increase your organisation’s bottom line by understanding profit drivers, both financial and non-financial
  • How to manage working capital as effectively as possible, making cash work as well for the business as It can
  • How different costs behave and the impact of this on profitability
  • How to calculate breakeven point, and how to use CVP (Cost Volume Profit) analysis to work out optimum sales levels
  • Which costs are relevant for decision making purposes, and which should be ignored?
  • How to appraise different investment projects – from payback period to discounted cash flows.
  • How to carry out a qualitative cost/benefit analysis as well as a quantitative one – e.g., when customer service or staff morale is the main objective.
  • The way budgets are constructed and interpreting variances.

 


WORKSHOP FACILITATOR:

 

 

 

 

 

Dr, Colm Reilly

Dr. Colm Reilly is an experienced professional with a track record and international experience in Economic Development including innovation, business structuring and business development. His experiences have been initially informed by multi-national companies (Novartis, Fujitsu, and Electrolux). In addition, he has established three start-up companies – Eureto, Aviareto and BiotherapeuticsMD – which operate to this day. His international experience is in Europe, North America, and the Middle East where he has run significant operations.

In the past 15 years, Colm has worked as a senior executive in a global consulting organisation. He has worked extensively in the craft sector at a European and North American level and works alongside a team of experts in Retail, Jewellery, Clothing and Furniture. He currently leads the team delivering the Business Growth programme for the World Craft Council.

The curriculum he has developed for Craft companies in Ireland is based on companies working on their own company and product throughout the coursework supported by individual mentoring sessions. This means that by the end of the programme companies have a clear and distinct focus and a detailed plan of what to do next. The team also connects companies into their relevant agencies to ensure that they can achieve and access the relevant funding that is available to them.

Colm has published three books based on SME development – The Pricing Puzzle, Value Price and Sustained Competitiveness and No Frontiers – how companies learn to Export.


Course fee

  • €150

Duration

  • 1 morning per week for 2 weeks, 09:30 – 12:30

Enrolment

  • Applications close: 9 May 2024
  • Course begins: 10 May 2024
  • Course ends: 17 May 2024

Please note: places are offered on a rolling basis and the course may close in advance of date listed.

Accredited by

  • UK Chartered Management Institute

Location

  • Online and in-person classes will be dependent on applicants. All classes will be made available online.

Content

Interviews: In advance of programme starting.

  • Module 1: 10th May 2024, 09:30 – 12:30. Part 1.
  • Module 2: 17th May 2024, 09:30 – 12:30. Part 2.

Register your interest

 

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