Finance for Non Finance Managers

Course Outline

• The course deals with the issues from a Manager’s perspective with a primary focus on understanding what the concepts mean, rather than how the calculations are done.
• Read, understand and interpret Balance Sheets, Income Statements, Cash Flow Reports.
• Discover the concepts of Assets, Liabilities, Equity, Cash and Profit and use these  concepts to calculate key financial ratios ie Profit Margins, Return on Investment,  Gearing and the various ‘per share’ and ‘yield’ ratios.
• Learn about Management Accounting, commencing with concepts associated with cost behaivour ie fixed and variable costs, contribution margin and break-even analysis, cost allocation and how they are allocated to products and services with a special focus on overhead allocation methods.
• Budgets, strategic planning and control systems, which includes the role of budgets, types of budgets, the range of budgeting methodologies, behavioural issues in  budgeting and the use of budgets in organisations.
• Control systems including the use of diagnostics control systems, boundary and belief systems and the practical and most effective use of interactive financial control  systems.

Course Details

Duration: 2 days

Who should attend: Designed for project staff, supervisors and managers who have limited financial background knowledge

Prerequisite: No prerequisites are mandated for this course

Accreditation: National accreditation is currently not available for this course

Trainer: Bob Gilliver, BCom MBA and CEO of MBA Quality Consultants. Highly experienced Business Manager, Lecturer and Management Trainer for business organisations