Financial Management - Leading to FETAC Level 6 Minor Award

Course details

At the end of this course the participants will be able to:

• Implement sound financial management within a small to medium enterprise
• List and utilize the key elements to good financial management, e.g.
• manage cashflow
• setting budgets financial targets
• use breakeven analysis
• using budgets to monitor performance and make decisions
• costing & pricing
• tax issues
• Implement sound credit control procedures
• Implement costing procedures
• Draft a pricing policy
• Get the most from their Accountant
• Use snapshot reporting to monitor progress and develop business strategy
• Read financial statements
• Assess financial viability and performance
• Communicate confidently regarding financial matters
• Be familiar with the time value of money.

COURSE PROGRAMME:

• Unit 1:Business & Finance - Understanding Financial Statements

Unit 2: Financial Management & Financial Planning

• Budgeting and Cashflow Management

Unit 3: Financial Management & Financial Planning

• Costing & Pricing
• Taxation for Small Business

Unit 4:Financial Planning

• Capital Budgeting

Certification: FETAC Module Level 6 (L32635)

(Note: This FETAC Module was originally written by Bernadette Farrell O’Neill of ACE Training Ltd and approved by FETAC in 2006.This is now a core/mandatory module required to achieve FETAC Level 6 Advanced Certificate in Management. (BMANX).

PROGRESSION: Offers one of eight credits for FETAC Level 6 Major Award in Management (BMANX) and Business Management (BBMXX) .See www.fetac.ie/Awards Directory

WHO SHOULD ATTEND?

Owner managers, Administrators, Managers or those working at strategic positions with no financial training