Finance for Non-Finance Managers Fundamentals
Course overview:
This programme is designed to help decision makers in non-financial positions understand the need for efficient management of financial resources in order to propel their businesses to success
Course details:
Many managers do not understand the importance of determining how their decisions impact the organisation’s financial performance. This coupled with their inability to interpret financial statements could lead to disastrous results for a business.
Our simplified four-day program must attend for all managers at all levels in non-finance positions who want to improve their finance-related decision making and thus improve the financial performance of their company.
Our goal is to help companies succeed by making the management competent in finance and be able to make sound financial decisions especially in times of uncertainty.
At the end of this programme, you should be able to:
- Interpret and understand financial statements (Statement of Financial Position, Statement of Comprehensive Income and Statement of Cash flow)
- Apply key financial ratios to analyze financial performance of a business
- Understand company growth and profitability considerations
- Gain insight into working capital management and discounted cash flows
- Identify what causes and drives costs;
- Understand and perform variance analysis
- Prepare budgets and discuss various methods of budgeting, e.g., zero budgeting
- Explain the uses of standard costs and the methods by which they are derived and subsequently reviewed
- Discuss different sources of funding for your business
Who should attend?
- This programme is designed to provide managers in non-financial positions with a practical understanding of finance and accounting; and
- It is assumed that delegates will have no formal accounting or finance knowledge prior to attending this programme.
Four days |