Online CPD Course Details
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Online CPD Course Title
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The New Realities of Financial Management
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Online CPD Course Facilitators
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Cormac Lucey |
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Online CPD Allocation
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8 Hours |
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Online CPD Fee
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€180.00 |
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Online CPD Course Content
Cost Reduction and Business Restructuring
Four years into Ireland’s financial crisis and there has been reduction in the pressure on businesses to reduce costs and to restructure themselves. This session revisits the key tools for cost reduction and business restructuring.
- The backdrop – business under pressure across the board
- Cost control at manufacturing companies
- Cost reduction and restructuring – key techniques
- Business turnaround – a specialised example
- Financial restructuring – a special case
Budgeting & Forecasting Revisited
In a difficult economic climate where cash is king, accurate budgeting and cash flow forecasting are more crucial than ever. If they are done well, the business can plan for the future. If they are done poorly, perpetual fire fighting will be the order of the day. This session aims to give participants a clear understanding of what is required to produce dependable budgets and cash flow forecasts.
- The role of budgeting within the organisation
- Practical considerations in budgeting
- How the business cycle can affect operating results
- Key variables to watch: growth, costs, capital intensity, ROCE
- Using Excel in budgeting
- The critical importance of accurate cash flow forecasting in a crisis
- Practical considerations in cash flow planning
Valuation in Volatile Markets
Company valuation plays a central role in business. But, as the recent downturn has brutally shown, company valuations can swing enormously in response to changes in the business cycle. Understanding how valuations are arrived at and the factors that drive value is therefore of central importance in today’s business world.
- The current valuation environment – Ireland
- Different approaches to valuation
- Valuation and the business cycle
- The extra challenge of valuing small firms
What’s Going on at the Banks and its Impact on Bank Credit
Financial conditions are exceptionally difficult. The Irish banks are under pressure to deleverage while several foreign-owned banks are exiting the Irish market. Our one-day course aims to review the prospects for getting bank credit with a focus on tips for maximising your chances of success. Participants will be refreshed in their understanding of how and why banks make credit decisions. This will help maximise their chances of securing a favourable response to funding requests.
- Credit availability: the role of bank liquidity
- Credit availability: the role of bank solvency
- From feast to famine: the credit story 2006 – 2012
- Government initiatives to stimulate credit supply
- Practical approaches to maximising your chances

Online CPD Course Facilitator
Cormac Lucey
Cormac is a Chartered accountant with many years experience in industry and in corporate finance both in Ireland and in Germany. He also worked as a special Advisor to the Minister for Justice between 2003 and 2007. He is an Associate of the Irish Management Institute.