Finance for Non-Finance Managers

OBJECTIVES:

This programme is designed so that by completion participants will be able to:

  • Discuss role that accounting information plays in decision making
  • Explain the importance of accounting, finance and being able to interpret financial statements
  • Analyze core financial statements
  • Interpret the results of financial statement analyses and its implications for the organisation
  • Identify the nature and purpose of managerial reports
  • Interpret and apply financial management concepts
  • Describe how managers use managerial reports to monitor and control key expenses and revenues and to evaluate performance
  • Explain the importance of financial and non-financial information in the decision-making processes of managers
  • Utilize strategic management tools to assess the business environment

 

TARGET AUDIENCE:

This programme is designed for individuals who make decisions on a daily basis but who have not been trained in the accounting discipline.  This includes managers, supervisors, entrepreneurs, department heads within organizations and other professionals who are interested in utilizing financial information for better decision making.

 

METHODOLOGY:

This course will be delivered face-to-face and will include lectures, case studies, in session discussions and practice exercises. 

 

TOPIC AREAS:

The areas to be covered include:

  • Understanding the Business Environment
  • The Context and Regulatory Environment of Accounting and Reporting
  • Understanding the preparation of three key Financial Statements – Statement of Comprehensive income, statement of financial position and statement of cash flows
  • The accounting cycle and internal controls
  • Analyzing Financial Statements using ratios, common size statements and comparative statement analysis
  • Accounting information and decision making – operating decisions, marketing decisions and long-term decisions

 

Fee covers the cost of all programme materials and catered meals (break and lunch) for each day.

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