Finance for Non-Financial Managers

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Finance for Non-Financial Managers

R4,799.00

Description

This course will give managers at all levels a concrete overview of all aspects of managing the finances of a business or project. Some of the areas you will delve into are budgets, business plans, balance sheets and income statements, strategic vision, managing operational risks, assessing profitability, cash flow problems, accounting documents and financial forecasts.

After working through the modules of this course you will feel secure in your working knowledge of the finances of your business and your understanding of how problems occur and what steps you can take to solve them.

Duration

8 hours 5 minutes

Course Content

The fifteen modules in this course are:

A logical approach to corporate finance – understand the relationship between operational decisions and the impact on the balance sheet and income statement, key concepts of value added

Constructing and managing a budget – focus on the impact of your budget as an essential step in managing the company

Strategic vision and activity management – learn to define and implement a control enabling you to attain your objectives

Constructing your living balanced scorecard – learn to use a scorecard as a steering and reporting tool

Managing operational risks – understand risk management tools, identify and assess risks

How to carry out a financial analysis – define the financial analysis process, learn to use financial analysis tools

Assessing the profitability of an investment project – use and interpret profitability criteria

Analysing and solving cash flow problems – identify the causes of a reduction in cash flow and master the solutions to cash flow problems

Decoding the balance sheet and income statement – identify and analyse the structure and content of the balance sheet and income statement as well as each person’s role in these documents

Analysing and evaluating corporate financial data – master the basics of financial analysis, use ratios, detect additional sources of information, understand scoring and rating (the external view of banks and financial markets)

Relating your contribution to value creation – discover how to improve your company’s economic performance through the five principles of value creation, engage in more effective dialogue with internal and external finance providers by understanding the cash flow statement and the importance of Free Cash Flow

IFRS essentials – receive a structured approach to IRFS essentials

What is what in accounting documents – understand balance sheets and income statements, accounts, booking entries, an entry’s path from the accounting books to the balance sheet

Building and using cash flow forecasts – learn when and how to use a cash flow forecast

Building and using medium-term financial forecasts – learn why and how medium to long-term cash flow forecasts serve two purposes: keeping the company’s cash levels adequate and forestalling possible problems.

Course Objectives

  • To understand the basics and best practices in the creation of value
  • To understand the budget process, define your role and steps in preparing your budget
  • To turn strategic objectives into operational targets and develop a business plan
  • To design and use a scorecard
  • To identify and manage operational risks
  • To carry out a financial analysis of an industrial and commercial company using a specific method and based on the information available, and to select the right analysis tools to create an action plan
  • To evaluate the forecast profitability of a project
  • To identify the different cash flow problems and the solutions to each of these problems
  • To understand the content and role of the balance sheet and income statement
  • To master the key financial analysis ratios and evaluation models
  • To identify your role in value creation and financial flows
  • To gain an overview of IFRS and financial statements
  • To gain a basic accounting knowledge to understand accounting documents
  • To build and use an annual budget
  • To build and use an annual budget by using medium-term financial forecasts

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