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Quick Look Course Summary:Budgets and Financial Reports Course (1 day)
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Length: 1 day(s)
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Price (at your venue): 1 Person R 5,654 EX VAT 3 Person R 3,982 EX VAT 10 Person R 2,954 EX VAT
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Certification Type:Non-Accredited
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Locations & Venues: Off-site or in-house. We train in all major city centres throughout South Africa.
Budgets And Financial Reports – self-paced online, 6 months’ access: R950 per learner (ex VAT); teams of 10 or more pay less.
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Legal references in this e-learning course are US-based and may not reflect South African legislation – for South African law, choose this classroom course.
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Training Advice
Budgets and Financial Reports Course (1 day)
In one day, staff learn to read the main financial reports and to build and manage a simple budget.
Staff outside the finance department are often handed a budget to manage or a set of financial reports to comment on, without knowing what EBIT, working capital or return on investment mean. This one-day budgets and financial reports course is a fast, activity-based introduction for them.
The morning covers the language of finance and the reports themselves: the statement of financial position, the income statement, the statement of changes in equity, the cash flow statement and the annual report, followed by the key ratios for profitability, liquidity, working capital, solvency and return on investment. The afternoon turns to budgets: the common types, what information you need and who to involve, building a budget from historical data, simple forecasting methods, keeping the budget on track and testing a purchase with payback and lease-versus-buy. It closes with the governance rules South African managers need to know.
It suits administrators and supervisors who want a grounding before moving into finance work, and managers who need a one-day overview.
Why this course
For your organisation
- Staff who understand the reports they are asked to comment on
- Better-prepared budget inputs from non-finance departments
- Purchases tested for payback before they are approved
- A broader bench of employees who can support the finance team
For your delegates
- A one-page glossary of finance terms and ratios
- Practice reading a real annual report
- A simple budget template and forecasting method
- A checklist of questions to ask before any significant purchase
What delegates will be able to do
- Explain common finance terms such as EBIT, working capital and return on investment
- Identify what each of the main financial statements shows
- Calculate and interpret key profitability, liquidity and solvency ratios
- Prepare a simple budget from historical data, adjusted for known changes
- Forecast using averages and trend extrapolation
- Judge whether a budget is on track and when it should be updated
- Assess a purchase using the payback period and a lease-versus-buy comparison
Who should attend
Non-financial managers, supervisors, team leaders and administrators who manage a small budget, contribute figures to the annual budget or read financial reports, and staff preparing to move into a finance role. No prior finance knowledge is needed.
Course outline
Day 1 – Reading the reports and managing a budget
The language of finance
- What finance is and what the finance team does
- Common terms: revenue, EBIT, net profit, assets, liabilities and equity
- Key people: CFO, financial manager, accountant and auditor
- Accounting standards in South Africa: IFRS and IFRS for SMEs
The financial statements
- The statement of financial position (balance sheet)
- The income statement
- The statement of changes in equity and retained earnings
- The cash flow statement
- The annual report and what to read first
Analysing the statements with ratios
- Profitability and income ratios
- Liquidity and working capital ratios
- Solvency, gearing and interest cover
- Calculating return on investment
- Warning signs of financial distress
Building a budget
- Common types of budget
- The information you need and who should be involved
- Starting from historical data and adjusting for special circumstances
- Spreadsheet methods
- Forecasting with averages, extrapolation and a first look at regression
Managing the budget and purchasing decisions
- How to tell whether you are on track
- When a budget should be updated
- Recording lessons learned for next year
- Questions to ask before a major purchase
- Payback period and lease versus buy
Financial governance in South Africa
- Directors' and managers' duties under the Companies Act
- King IV and the role of the audit committee
- PFMA and MFMA for the public sector
- Action plan and close
How it is delivered
One day, 08:30-16:00. In person at your offices anywhere in South Africa, at a BOTI venue, or live online. One delegate or a group of up to 20. Workbook, a sample annual report and a budget template included; delegates should bring a calculator. We deliver it at your offices in Johannesburg, Pretoria, Durban, Cape Town and anywhere else in South Africa, at a BOTI venue in Johannesburg, or live online for teams in different places.
What our clients say
“All training sessions were well-coordinated, professionally delivered, and aligned with our scheduling requirements. We were particularly impressed by the high standard of facilitation and the depth of expertise demonstrated throughout the programmes.”
“All training sessions were well-coordinated, professionally delivered, and aligned with our scheduling requirements. We value the partnership and look forward to continued collaboration with Business Optimization Training Institute in the future.”
“All training programmes were delivered in a highly professional manner, with effective coordination and strict adherence to our scheduling requirements. The facilitators demonstrated a commendable level of expertise, and the quality of delivery consistently met our expectations.”
Frequently asked questions
Can you run this course at our offices?
Yes. Most groups are trained at the client's premises anywhere in South Africa; we can also host it at a BOTI venue or deliver it live online.
Is one day enough?
For an overview, yes. Delegates who manage a significant budget should consider the two-day Finance for Non-Financial Managers course or the three-day Apply the Budget Function in a Business Unit.
Can you use our own annual report?
Yes. Send us your published annual report or a sample management report and the exercises will be built around it.
Is it accredited?
No – it is a non-accredited short course and delegates receive a BOTI certificate of attendance.
How many people can attend?
From one delegate to groups of about 20. The price per delegate drops as the group grows – see the price table, or ask us for a quote.
Can you run this course in Johannesburg, Cape Town or Durban?
Yes. We train on site at your offices in Johannesburg, Pretoria, Durban, Cape Town and across South Africa, at a BOTI venue in Johannesburg, or live online so a team spread over several offices can attend together.
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Monday to Friday, 08:00–17:00. After hours, we reply on the next working day – or call 011 882 8853.