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Quick Look Course Summary:Finance For Non Finance Managers
Next Public Course Date:
Length: 3 day(s)
Price (at your venue): 1 Person R 16,700.00 EX VAT 3 Person R 11,644.28 EX VAT 10 Person R 7,836.00 EX VAT
Certification Type:Service Seta Accredited
Locations & Venues: Off-site or in-house. We train in all major city centres throughout South Africa.
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Don’t Be Scared of Finances – It’s Easier to Understand them than You Think!
- For some managers, the art of working with financials comes naturally, while for others it can appear to be somewhat daunting.
- As you progress in developing your managerial skills, you come to realize that finance is one of those important aspects of any business that needs primary attention.
- Even if you are not a born ‘number cruncher, you will need to acquire and master the financials of the business in order to establish and effectively manage your own personal finances as well as the important aspects of what is going down with the bottom line performance of your unit.
- The methods and techniques covered throughout this course will help you to understand the key concepts involved with managing your personal finances as well as managing the finances of a unit.
- You will learn how to draft budgets in line with operational plans assigned to your unit and prepare financial forecasts. You will also acquire the necessary skills to enable you to oversee the finances of your unit in line with business requirements and be well on your way towards mastering the art and science of interpreting financial statements.
Crunch those numbers and learn how to:
- Demonstrate an understanding of the key concepts of managerial finance.
- This involves gaining knowledge about various financial principles, tools, and techniques used in managerial finance. Understanding topics such as time value of money, risk management, cost of capital, capital budgeting, and financial decision-making is crucial in managerial finance.
- Draft budgets according to the operational plan of the unit.
- Budget drafting entails creating detailed financial plans aligned with the organization’s operational objectives. It involves estimating income, expenses, and cash flows to ensure resources are allocated efficiently and effectively.
- Describe and prepare financial forecasts.
- Financial forecasting is the process of predicting future financial outcomes based on historical data and market trends. Managers need to accurately forecast revenues, expenses, and profits to make informed business decisions.
- Interpret financial statements.
- Interpreting financial statements involves analyzing and understanding the information presented in financial reports like balance sheets, income statements, and cash flow statements. Managers must interpret these statements to assess the company’s financial health and performance.
- Supervise the financial management of a unit against given requirements.
- As a manager, overseeing the financial management of a unit involves ensuring that financial activities are carried out in compliance with company policies and regulations. This includes monitoring financial transactions, expenses, and adherence to budgets.
- Explain financial analysis.
- Financial analysis involves evaluating financial data to assess the company’s financial performance, strengths, and weaknesses. Managers must explain financial analysis to stakeholders, highlighting key insights and recommendations.
- Calculate ratios to measure profitability and resource utilization.
- Ratios are essential tools in financial analysis. Managers calculate ratios like profit margin, return on investment (ROI), and asset turnover to assess profitability and how efficiently resources are utilized.
- Calculate ratios to measure viability.
- To determine the viability and sustainability of a project or investment, managers use ratios such as debt-to-equity ratio, interest coverage ratio, and liquidity ratios.
- Identify growth opportunities through financial results and reporting the results of financial analysis.
- Financial analysis helps identify potential growth opportunities for the organization. Managers can use financial results and insights from analysis to make strategic decisions, identify new markets, and expand the business.
Get crunching those numbers now and enrol on BOTI’s Finance for non finance managers course.
Who is this course suitable for?
This course is aimed at supervisors, team leaders and managers who are seeking to improve their financial management skills.
This Unit Standard course is aligned to Unit Standard 252040: Manage the finances of a unit and 15236: Apply Financial Analysis
Testimonials from similar courses
- ‘I now have a much better understanding of interpreting financial figures and where they originate from. What went well for me was the flexibility of the facilitator and that it was customized for my sector. The best thing about this course is that it addressed all my concerns. Thank you to Ernest for being an amazing facilitator!’ Participant, Curro Klerksdorp
- ‘I enormously benefited by comprehending bookkeeping, financial statements, budgeting and fundamentals of financial reporting. I am enlightened with basic concepts and theories related to financial matters and day to day financial transactions of corporate matters. The best thing about this course was that I was given customized, personalized attention by the facilitator and ….’ Participant, Curro Klerksdorp