Home / Accredited / Unit-Standard Short Courses / Finance for Non-Financial Managers (Unit Standards 117156 + 114584) (3 days)
Quick Look Course Summary:Finance for Non-Financial Managers (Unit Standards 117156 + 114584) (3 days)
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Length: 3 day(s)
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Price (at your venue): 1 Person R 21,125 EX VAT 3 Person R 13,658 EX VAT 10 Person R 9,124 EX VAT
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Certification Type:Accredited
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Locations & Venues: Off-site or in-house. We train in all major city centres throughout South Africa.
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Finance for Non-Financial Managers (Unit Standards 117156 + 114584) (3 days)
Managers without a finance background who read an income statement and balance sheet, work out what a new project or venture needs in capital, compare funding options and prepare a sound application – with 9 accredited credits.
Managers are expected to read financial statements and argue for funding, often without any finance training. This accredited course in finance for non-financial managers combines two unit standards from the FETC: New Venture Creation (SAQA ID 66249), each taught and assessed on its own: unit standard 117156 on interpreting basic financial statements (NQF Level 4, 4 credits) and unit standard 114584 on financing a new venture (NQF Level 4, 5 credits). Because both belong to the same qualification, BOTI registers them together as one skills programme under its Services SETA accreditation.
Day one follows unit standard 117156: the income and expenditure statement, the balance sheet, a personal statement of assets and liabilities, and using the statements to decide what to do about costs, income and cash flow.
Days two and three follow unit standard 114584: working out the capital a venture or project needs, comparing funding from banks and other institutions, preparing personal financial statements, meeting a lender's requirements, and alternatives such as equity, government schemes and leasing.
Why this course
For your organisation
- Managers who understand the numbers behind their decisions
- Better-prepared funding proposals
- Sound comparisons of finance options
- Nine accredited credits registered as one skills programme
For your delegates
- Nine accredited credits from two unit standards in one qualification
- Confidence reading income statements and balance sheets
- A practical grasp of capital, cash flow and break-even
- Knowledge of how to compare and apply for finance
What delegates will be able to do
- Analyse income and expenditure statements and balance sheets
- Use financial statements to make a decision
- Work out the capital a venture needs, including a cash flow forecast
- Estimate the break-even point
- Compare funding options from financial institutions
- Prepare personal financial statements for a lender
- Meet a lender's collateral and documentation requirements
- Consider alternatives such as equity, government schemes and leasing
Who should attend
Managers, supervisors, project leaders and entrepreneurs who work with budgets and funding but have no finance background. Unit standard 117156 assumes communication, mathematical literacy and financial literacy at NQF Level 3. Unit standard 114584 assumes computer literacy, mathematical literacy and communication at NQF Level 4.
Course outline
Day 1 – Unit standard 117156: reading and using financial statements
Outcome 1: The income and expenditure statement
- Why entities prepare these statements, and how often
- Where income comes from and where the money goes
- Statements for businesses, households, clubs and churches
- Judging whether an enterprise is financially viable
Outcome 2: The balance sheet
- What a balance sheet shows and when one is needed
- Fixed and current assets
- Long-term and current liabilities
- Equity and net worth
- Comparing two years to reach a decision
Outcome 3: A personal assets and liabilities statement
- Drawing up your own statement for the past year
- When such a statement is asked for
- Why keeping these records pays off
Outcome 4: Decisions based on the evidence
- Strengths and weaknesses in the figures
- Ways to raise income and cut costs
- The cost-to-income ratio and how to improve it
- Turnover, revenue, sales, income and profit compared
- Cash flow and liquidity
- Portfolio of evidence for unit standard 117156
Day 2 – Unit standard 114584: what a venture needs and where the money can come from
Outcome 1: The capital a venture needs
- Funding needs and capital structure
- Fixed assets the venture will need
- Costs before trading starts
- Monthly operating costs and a cash flow forecast
- Viability and the break-even point
Outcome 2: Comparing funding from financial institutions
- Banks and other lenders that fund new ventures
- Comparing loan products for your venture
- The full cost of each option
- Short- and long-term pros and cons
Day 3 – Unit standard 114584: applying for finance
Outcome 3: Personal financial statements
- Your own income and expenditure statement
- When a lender asks for an assets and liabilities statement
Outcome 4: Meeting a lender's requirements
- Collateral and what it secures
- Documents a funding application needs
- Choosing finance that fits the business plan
- Rules that govern financial services
Outcome 5: Other ways to finance a venture
- Debt compared with equity
- Common obstacles to raising finance, and ways round them
- Investors, government and NGO schemes
- Leasing instead of buying
- Comparing repayments and interest rates
- Portfolio of evidence for unit standard 114584
How it is delivered
Three days, 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. Learner guide and workbook for each unit standard, practical workplace activities, and a portfolio of evidence that delegates complete after the course for assessment and moderation.
What our clients say
“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.”
“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.”
“The training was practical, engaging and relevant to our workplace environment, providing participants with valuable knowledge and practical skills that could be applied in their respective roles.”
Frequently asked questions
Is this course accredited?
Yes. It covers unit standards 117156 (NQF Level 4, 4 credits) and 114584 (NQF Level 4, 5 credits). Both belong to the FETC: New Venture Creation (SAQA ID 66249), so they are registered together as one skills programme under BOTI's Services SETA accreditation (12582).
Until when can delegates enrol?
Delegates can enrol until 30 June 2028.
Are there entry requirements?
Unit standard 117156 assumes communication, mathematical literacy and financial literacy at NQF Level 3; unit standard 114584 assumes computer literacy, mathematical literacy and communication at NQF Level 4.
How are delegates assessed?
Each unit standard has its own portfolio of evidence, completed after the course and then assessed and moderated. Delegates found competent receive a statement of results.
Is there a shorter version without assessment?
Yes. Finance For Non Finance Managers covers the practical skills, with a BOTI certificate of attendance.
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