Finance for Non Financial Managers

TRAINING COURSE

Finance for Non Financial Managers

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Details

Finance for Non-Financial Managers is a 3-day course designed for managers who want to strengthen their business financial management skills. In today's competitive business world, it is essential for managers to have a working knowledge of financial management. Whether you realize it or not, all of us play a role in our organizations' financial health. Without training or a background in manager finance, you may find yourself at a disadvantage when sitting around the management table. Understanding the cycle of finance will enable you to identify where you fit into your company’s business management finance structure.

At the conclusion of this workshop, you will be able to:

  • Read and interpret basic financial statements
  • Assess the financial performance and health of your firm
  • Integrate financial management concepts into your decision-making process
  • Understand the budgeting process and forecasting techniques, boosting your business acumen

Delivery Methods

Delivery Method Duration
Classroom 3 Days Get a Quote
Live Virtual Training 3 Days Get a Quote

Discounts Available

Save up to 10% by booking and paying 10 business days before the course.

Brochure:

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Information may change without notice.

Audience

This course targets anyone new to management or leading a team in an organisation who needs to understand the basics of finance and reading a financial statement.  It is essential for anyone without a finance background who would like to progress in their careers and who is aiming for management level in a company. 

Pre-Requisites

Mathematical ability is needed and English to matric would help. Experience in business is beneficial. 

 

Course Outline / Curriculum

DAY 1

  1. Course Overview
    1. Learning Objectives
    2. Introductory Group Discussion
  2. Getting the Facts Straight
    1. Starting with the Basics
    2. General Accepted Accounting Principles (GAAP)
    3. Getting to Know the Players
    4. Identifying the Key Players in Your Organization
    5. Governing Organizations
  3. The Accounting Cycle
    1. Underlying Principles
    2. Overview of the Accounting Cycle
    3. Case Study: (Accrual Basis vs Cash Basis of Accounting)
    4. Understanding Debits and Credits
    5. The Accounting Model
    6. The Accounting Equation
    7. Working with Debits and Credits
  4. A Review of Financial Terms
  5. Structure of Annual Financial Statements
    1. Sample Income Statement
    2. The Balance Sheet
    3. Sample Balance Sheet
    4. The Cash Flow Statement
    5. Statement of Retained Earnings
  6. Keeping Score
    1. Understanding the Chart of Accounts

DAY 2

  1. Your Financial Analysis Toolbox
    1. Identifying the Relevant Data
    2. Analyzing the Data
    3. Reading Annual Reports
    4. Case Studies 1
    5. Case Studies 2
    6. Case Studies 3
    7. Sir John Templeton
    8. Problem Solving Quotes
  2. Seven Habits of Highly Creative Problem Solvers
    1. 1.Comfortable with uncertainty – and even seek it out
    2. 2. Failure is part of the process, and not taken personally
    3. 3. Reverse engineer problems
    4. 4. Ask great questions, and listen to as many (open minded) people as possible
    5. 5. Understand your best contribution in the problem-solving process
    6. 6. Get on the balcony
    7. 7. Don’t believe your first answer, and don’t believe you have found the best answer

DAY 3

  1. Value Added Tax - Basics
    1. VAT Exempt products and services:
    2. Who should register for VAT?
    3. How often is a VAT return completed and paid?
    4. How VAT works – the big picture:
    5. ACTIVITY
  2. Ethics 101
    1. Ethical Relativism
    2. CODE OF PROFESSIONAL CONDUCT FOR CHARTERED ACCOUNTANTS
    3. 7 Brilliant Things Emotionally Intelligent People Do When Their Buttons Are Pushed
  3. 10 Behaviours You Never See in Successful People
  4. The Basics of Budgeting
    1. Defining a Budget
    2. Types of Budgets
    3. Just Do It!
    4. Case Studies
  5. General Budget Scenarios
  6. More Complex Budget Scenarios
    1. Budget Case Study 2
  7. Budgeting Tips and Tricks
  8. Getting Your Budget Approved
  9. Environmental Analysis
  10. Personal Action Plan
  11. Recommended Reading List

Schedule Dates and Booking

There are currently no scheduled dates.

Please note that this course needs a minimum of 6 delegates to schedule a course. You can choose to be added to the waiting list by clicking the button below, and we will contact you when we have enough delegates interested. Should we not get enough delegates, we will refund or credit your paid booking.

Add me to the waiting list

Should you need this course urgently, the following options are available:

  1. Pay for 6 delegates (whether you have them or not) and we will schedule the course as soon as possible.
  2. If you have fewer delegates and cannot pay for 6, we can negotiate a shortened course where some of the time will be spent in blended learning - watching videos and doing tutorials and exercises with some contact time with the trainer. We would want to discuss what your core needs are so that we cover those aspects. You need to have paid for 3 delegates at least.
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