Financial Fundamentals: An Introduction

Financial Fundamentals: An Introduction is developed specifically for Business Owners, Directors and Managers who have not previously had the benefit of any formal business training, particularly with regard to bookkeeping and accounts.

Primary Objectives

On completion of the Financial Fundamentals: An Introduction course, you will have an understanding of the essentials required to operate and manage the bookkeeping and accounting function for a business. This will enable you to analyse and manage the performance of the accounting function, improve the basis of decisions made and be in a position to question and challenge accounting information presented.

The course is fully participative and the opportunity is taken to “learn by doing” This enables you to analyse and review accounting records for your own business or other companies of interest.

Each Financial Fundamentals course is amended and customised so that it best meets the needs of the host group. Participants are encouraged and expected to develop and use their own material so that the skills learnt and developed are of maximum benefit and application.

The ideal number of participants ranges from eight to twelve, though larger and smaller groups can be catered for.

Course Duration is over two full days or, for best results, four half days. Courses can be run on or off site as required.


Financial Fundamentals: An Introduction:  Course Content

Basics with the Customers (Sales & Debtors)

  • Invoicing, Credit Notes & Statements.
  • Sales & Debtors Control.
  • Credit Control & Debt Collection.

Basics with the Suppliers (Purchases & Creditors)

  • Invoicing, Credit Notes & Statements
  • Purchases & Creditors Control.
  • Credit Control & Debt Collection.

Basics with the Banks (Cash Management)

  • Receipts & Lodgements.
  • Payments.
  • Recording & Reconciliation.

Accounting & Financial Statements

  • Profit & Loss Account.
  • Balance Sheet

Understanding Cash Flow.

  • Cash versus profit.
  • Cash generated from operations.
  • Sources and uses of Funds.

Financial Ratio Analysis.

  • Profitability.
  • Financial status.
  • Efficiency.

Budgets and Planning.

  • Breakeven analysis.
  • Budgeting process.
  • Contribution and profit.
  • Matching assets and funding.


If you wish to learn more or to develop a proposal on Finance Fundamentals Course to meet your specific needs, please call 01 8439114 or email