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Finance for engineers 
10/09/2010
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Friday 10th September 2010
From 9:00am to 5:00pm, registration at 8:30
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Where: |
Engineers Ireland,
22 Clyde Road,
Dublin, 4,
Ireland
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Contact:
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CPD Training
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Course aim
The aim of this course is to give engineers a solid grounding in finance thus enabling them to make a more effective contribution within their business.
- Fee: Engineers Ireland Members: €300 Non-members: €375
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CPD credit: 1
Overview
Most engineers have no formal training in reading and interpreting financial information, however in excess of 90% of engineers, confirm that knowledge of finance is important for career progression. This course has been specially designed for engineers/engineering managers with a view to encouraging them to play a more active role in the day to day finances of their business. Engineers need to be aware of issues such as cost reduction and capital investment and how their decisions can affect the financial statements. The course will provide practical insight into the area of company finance and identify useful tools that can be used by engineers to make better business decisions.
Learning Objectives
This course has been developed to provide the learner with a solid understanding of how to read financial statements and how to extract important data/trends relating to the performance of the business. The course will provide participants with a set of ‘core financial skills' which will help them communicate more effectively with colleagues in other sectors of the business, as well as external to the business.
Programme
- The big picture: Why it is important for engineers to understand financial statements and how this can affect career progression and lifestyle
- Fundamental financial differences between well established large companies and small companies
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Understanding the profit & loss account and the balance sheet
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Cash flow is the lifeblood of business (an introduction)
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Ratio analysis – extracting and interpreting key financial ratios from financial statements
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Ownership of business (an explanation of the different classes of shareholding)
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Depreciation - a guide for engineer
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Costing – an introduction
Who should attend
This course is suitable for engineers of all levels who are interested in learning about finance.
Trainer's profile
The course tutor Eugene Daly is a Chartered Engineer with over 25 years experience working with Irish SME's, multinational and state companies. He worked for Enterprise Ireland, acting as a business consultant in the field of Operations Management and for six years worked in "financial due diligence” (i.e. analysing business plans of companies seeking to raise finance to grow). This work involved a high degree of financial analysis. He holds an MBA from Henley Management College.
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