Finance for Non-Finance Managers

Background

Managers need to understand the fundamentals of finance to ensure that employees fulfil their daily roles and company growth is optimised. As a manager, having a good understanding of
all aspects of the organisation is incredibly important. Obtaining an understanding of finance is especially important as these skills can assist the individual in, for example, understanding how to maximise sales or assessing unnecessary costs.

Objectives

To address the challenges of understanding financial statements, capital budgeting, and the importance of cash flow. Participants will go through business finance and the language used by accountants and those in finance. They will also learn about key financial concepts to improve their skills and abilities in managing the financial aspects of an organisation. In addition, it will equip them to understand the various financial reports.

Content

The course will cover the following areas:

11. Basic financial terminology and key accounting concepts;

12. Reading key financial statements (profit and loss account, balance sheet, income and

    expenditure accounts, and cash flow statements);

13. Working Capital Management in the current environment;

14. Cash flow Management and long-term cash flow strategies; and

15. Budgeting and Forecasting.

Target Group

This course targets managers in non-financial positions and managers in financial positions, including entrepreneurs and business owners who wish to enhance or revise their skills.