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Quick Look Course Summary:Finance for Non-Financial Managers Training
  • Next Public Course Date:

  • Length: 2 day(s)

  • Price (at your venue): 1 Person R 10,615.00 EX VAT 3 Person R 6,434.81 EX VAT 10 Person R 4,214.39 EX VAT

  • Certification Type:Accredited

  • Locations & Venues: Off-site or in-house. We train in all major city centres throughout South Africa.

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    BOTi Essential Course – Finance for non-financial managers Training:  Course: Introduction

    Bring out the accountant in you.  This is an introductory course  for those individuals whose primary focus is not finance but who nevertheless need to gain a more indepth understanding of the role and importance of finance within an organisation as well as a good grasp of finance terminology.

    BOTi Essential Course – Finance for non-financial managers: Course Outline

    Course Overview

    Part 1: Basic Bookkeeping
    Part 2: Budgets and Financial Reports

    Part 1: Basic Bookkeeping

    1. Introduction
    Topics for Discussion
    Topics Indirectly related
    Workshop Objectives

    2. Basic Terminology

    Accounting period
    Assets
    Balance Sheet
    Cost of Goods Sold
    Equity
    Expenses
    Income Statement
    Liabilities
    Revenue
    Review

    3. Terminology

    Accounts Payable
    Accounts Receivable
    Depreciation
    General Ledger
    Interest
    Inventory
    Journals
    Payroll
    Trial Balance
    Review

    4. Accounting Methods

    Accrual
    Cash
    Differences between the two
    Questions

    5. Keeping Track Of Transactions

    Accounts Payable
    Accounts Receivable
    Journals
    General Ledger
    Cash Management/Banking
    Questions

    6. The Balance Sheet

    The Accounting Equation
    Double-Entry Accounting
    Types of Assets
    Types of Liabilities
    Equity – Owner’s Equity
    Questions

    7. Other Financial Statements

    Income Statement
    Cash Flow Statement
    Capital Statement
    Budget vs. Actual
    Questions

    8. Payroll Accounting Terminology

    Gross Wages
    Net Wages
    Employee Tax Witholding’s
    Employer Tax Expenses
    Salary Deferrals
    Employee Payroll
    Employee Benefits
    Tracking Accrued Leave
    Government Payroll Returns and Reports
    Review Questions

    9. End Of Accounting Period Procedures

    Depreciating Assets
    Reconciling Cash
    Reconciling Investments
    Trial Balance
    Bad Debt
    Adjustments and Corrections
    Review Questions

    Part 2: Budgets and Financial reports

    1. Introduction

    Topics for discussion
    Indirectly related topics
    Workshop Objectives

    2. Glossary

    Definition of finance
    Commonly Used Terms
    People in Finance, Jobs in Finance
    International and National Finance Accreditors
    GAAP

    3. Understanding Financial Statements

    Balance Sheets
    Income Statements (Profit and Loss)
    Statement of Retained Earnings
    Statement of Cash Flows
    Annual Reports

    4. Analysing Statements

    Income Ratios
    Profitability Ratios
    Liquidity Ratios
    Working Capital Ratios
    Bankruptcy Ratios

    5. Analysing Statements – Less Common

    Long Term Analysis Ratios
    Coverage Ratios
    Leverage Ratios
    (ROI) Return on Investments

    6. Understanding Budgets

    Common Types of Budgets
    Information needed
    Who to involve
    What a Budget should look like

    7. Budgeting Made Easy

    Historical Data
    Gathering Related Information
    Adjustments for Special Circumstances
    Putting it all together
    Computer Based Methods

    8. Advanced Forecasting Techniques

    Using the Average
    Regression Analysis
    Extrapolation
    Formal Financial Models

    9. Managing the Budget

    Making Sure You’re on the Right Track
    Updating the Budget
    Keeping a diary of Lessons Learned
    When to Panic

    10. Purchasing Decisions

    10 Questions you must ask
    Determining the payback period
    Deciding whether to Lease or Buy
    Thinking Outside the Box

    11. The Legal World

    A short history
    The Sarbanes-Oxley Act
    CEO/CFO Certification
    Thinking Outside the Box

    12. Overview

    Words from the Wise
    Topics not discussed
    Lessons Learned
    Action Plans and Evaluations

     

    BOTi Essential Course – Finance for Non-Financial Managers Training: Course Duration

    2 day/s

    BOTi Essential Course – Finance for Non-Financial Managers: Who should attend:

    This  course is intended for non-financial managers who, although finance is not their main focus, nevertheless need to develop an understanding of financial mechanics and its related terms.

    **Quote does not include Any Exam Fees (if applicable)

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