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Details
Finance for non-financial managers is a 3 day course for managers in today's business world. It is essential for individuals to have a working knowledge of finance. We all play a role in our organisations' financial health, whether we realise it or not. If you don't have training or a background in finances, you may be at a disadvantage as you sit around the management table. Understanding the cycle of finance will help you figure out where you fit into your companys' financial structure.
At the conclusion of this workshop:
- Read basic Financial Statements
- You should be able to assess the financial performance and health of your firm.
- Enhance your decision-making skills by integrating financial management concepts into your thinking.
- Understand the budgeting process and forecasting techniques.
Delivery Methods
Leading Training is focusing on providing virtual training courses for the foreseeable future and will only consider in-person and classroom training on request, with a required minimum group size of six delegates. We remain committed to offering training that is fast, focused and effective.
| Delivery Method | Duration | Price (excl. VAT) | ||
|---|---|---|---|---|
| Classroom | 3 Days | ZAR 8,250.00 | Get a Quote | |
| Live Virtual Training | 3 Days | ZAR 6,750.00 | Get a Quote |
Discounts Available
Save up to 10% by booking and paying 10 business days before the course.
Brochure:
Customer Testimonials
Makwande Supply & Distribution (Pty) Ltd
Professionalism and Transparency.
Phoenix FSG
I enjoyed how the training was not rigid, the trainer allowed discussion and broader conversations around the subject matter.
TÜV SÜD SOUTH AFRICA (PTY) LTD
The Trainer was really good and well educated.He had a lot of patience with the group and he also ensured that everyone understood the content as each individual had a chance to answer questions.
Makwande Supply and Distribution
-REASONING PRICE -CHOSE LEADING EDGE ON THE CONTENTS COVERED ON THE SPECIFIC TRAINING.
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
a. Learning Objectives
b. Introductory Group Discussion
2. Getting the Facts Straight
a. Starting with the Basics
b. General Accepted Accounting Principles (GAAP)
c. Getting to Know the Players
d. Identifying the Key Players in Your Organization
e. Governing Organizations
3. The Accounting Cycle
a. Underlying Principles
b. Overview of the Accounting Cycle
c. Case Study: (Accrual Basis vs Cash Basis of Accounting)
d. Understanding Debits and Credits
e. The Accounting Model
f. The Accounting Equation
g. Working with Debits and Credits
4. A Review of Financial Terms
5. Structure of Annual Financial Statements
a. Sample Income Statement
b. The Balance Sheet
c. Sample Balance Sheet
d. The Cash Flow Statement
e. Statement of Retained Earnings
6. Keeping Score
a. Understanding the Chart of Accounts
DAY 2
7. Your Financial Analysis Toolbox
a. Identifying the Relevant Data
b. Analyzing the Data
c. Reading Annual Reports
d. Case Studies 1
e. Case Studies 2
f. Case Studies 3
g. Sir John Templeton
h. Problem Solving Quotes
8. Seven Habits of Highly Creative Problem Solvers
a. 1.Comfortable with uncertainty – and even seek it out
b. 2. Failure is part of the process, and not taken personally
c. 3. Reverse engineer problems
d. 4. Ask great questions, and listen to as many (open minded) people as possible
e. 5. Understand your best contribution in the problem-solving process
f. 6. Get on the balcony
g. 7. Don’t believe your first answer, and don’t believe you have found the best answer
DAY 3
9. Value Added Tax - Basics
a. VAT Exempt products and services:
b. Who should register for VAT?
c. How often is a VAT return completed and paid?
d. How VAT works – the big picture:
e. ACTIVITY
10. Ethics 101
a. Ethical Relativism
b. CODE OF PROFESSIONAL CONDUCT FOR CHARTERED ACCOUNTANTS
c. 7 Brilliant Things Emotionally Intelligent People Do When Their Buttons Are Pushed
11. 10 Behaviours You Never See in Successful People
12. The Basics of Budgeting
a. Defining a Budget
b. Types of Budgets
c. Just Do It!
d. Case Studies
13. General Budget Scenarios
14. More Complex Budget Scenarios
a. Budget Case Study 2
15. Budgeting Tips and Tricks
16. Getting Your Budget Approved
17. Environmental Analysis
18. Personal Action Plan
19. 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.
Should you need this course urgently, the following options are available:
- Pay for 6 delegates (whether you have them or not) and we will schedule the course as soon as possible.
- 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.