Finance for Non Financial People
2.5 CPD Hours

Overview

A key skill required of many people, including those working in or newly introduced to a financial role, is the ability to understand key financial statements.

All organisations produce some form of financial statements, and most people will, at some point in their careers, have a need to be able to read and understand these.

Accountancy has its own language and in order to be able to read and understand the financial statements, you need to learn the language – or at least learn some of the primary words used in that language. This half-day workshop will enhance your ability to read and understand financial statements by introducing you to the language of accounting and the layout of these financial statements.

Who Should Attend 

The course is suitable for anyone in the public sector who is new to a finance role or needs to incorporate accountancy or financial reporting into their daily work in terms of understanding the layout of financial reports, statements and language of accountancy.

  • Know the top accountancy words used in the majority of financial statements by your organisation and understand what each of these words means
  • Understand how financial reports/statements are laid out
  • Have looked at a number of sample financial statements and identified the keywords and the sequence in which they are used in the financial statements
  • Know how to use financial statements in business situations and the financial controls related.
  • Critically review financial returns and be able to identify potential financial problems.
  • Understand the budget cycle process (cash budget plan, quarterly returns, budget proposal process and budget allocations
  • Understand Financial management roles and responsibilities
  • Financial reporting – concepts, principles, and the accrual basis of preparation
  • Costing and budget preparation
  • Budgetary control
  • Audits (internal audit and issues)

To register your interest in the next cohort of this programme, email info@pai.ie

Alternatively this course may be delivered as an inhouse course (either online or inperson). Email inhousetraining@pai.ie for further information.