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Quick Look Course Summary:Finance for Non-Financial Managers (Unit Standards 117156 + 242810) (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 + 242810) (3 days)
Managers who can read an income statement and a balance sheet, use them to make sound financial decisions, and keep their own area's spending on budget – with 10 accredited credits.
Managers are expected to approve spending, defend budgets and make sense of the numbers, often without any financial training. This accredited finance for non-financial managers course combines two unit standards, each taught and assessed on its own: unit standard 117156 on interpreting basic financial statements (NQF Level 4, 4 credits), part of the FETC: New Venture Creation (SAQA ID 66249), and unit standard 242810 on managing expenditure against a budget (NQF Level 4, 6 credits), part of the FETC: Generic Management (SAQA ID 57712). BOTI delivers both under its Services SETA accreditation.
Day one follows unit standard 117156: what an income and expenditure statement and a balance sheet tell you, how assets and liabilities are classified, drawing up a personal statement of assets and liabilities, and using the figures to judge financial health, cost-to-income ratios and cash flow.
Days two and three follow unit standard 242810: what a budget means for your own area of responsibility, methods such as forecasting from past figures and zero-based budgeting, the resources and constraints that shape a budget, and tracking actual spending so that variances are found and corrected early.
Why this course
For your organisation
- Managers who understand the financial statements they are given
- Spending tracked against budget, with variances caught early
- Financial decisions grounded in evidence
- Ten accredited credits towards management and new venture qualifications
For your delegates
- Ten accredited credits from two unit standards
- Confidence reading income statements and balance sheets
- Worked budgeting examples from your own area
- A simple variance-tracking routine for every month
What delegates will be able to do
- Explain the purpose of an income and expenditure statement and judge an entity's financial viability
- Read a balance sheet, classify assets and liabilities, and assess net worth
- Compare two years of balance sheets and base a decision on them
- Compile a personal statement of assets and liabilities
- Explain cost-to-income ratios, turnover, profit and cash flow, and suggest improvements
- Explain budgeting in your area of responsibility using worked examples
- Identify the elements of a budget and the internal and external constraints on it
- Monitor actual spending, find variances and propose corrective action
Who should attend
Line managers, supervisors, team leaders, department heads and new business owners who manage a budget or must make sense of financial reports. Both unit standards assume communication and mathematical literacy at NQF Level 3, and unit standard 117156 also assumes financial literacy at that level.
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 242810: budgeting for your area of responsibility
Outcome 1: What budgeting means for your area
- The purpose of a budget in your area
- Linking expenditure to your area's objectives
- Forecasting from historical figures: a worked example
- Zero-based budgeting: a worked example
- Choosing the technique that suits your unit
Outcome 2: The elements of a budget
- Resources needed to meet your objectives
- Turning resources into budget lines
- Constraints inside your organisation
- Constraints from outside the organisation
Day 3 – Unit standard 242810: keeping spending on budget
Outcome 3: Monitoring and controlling actual spending
- Tracking actual expenses using standard operating procedures
- Reading a budget-versus-actual report
- Spotting and explaining variances
- Proposing and taking corrective action
- Reporting on budget performance
Budget workshop
- Building a budget for your own area
- A month of actuals: variance exercise
- Portfolio of evidence for unit standard 242810
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, Interpret basic financial statements (NQF Level 4, 4 credits, FETC: New Venture Creation, SAQA ID 66249), and 242810, Manage expenditure against a budget (NQF Level 4, 6 credits, FETC: Generic Management, SAQA ID 57712), delivered under BOTI's Services SETA accreditation (12582).
Until when can delegates enrol?
Delegates can enrol until 30 June 2027.
Are there entry requirements?
Both unit standards assume communication and mathematical literacy at NQF Level 3; unit standard 117156 also assumes financial literacy at NQF Level 3.
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 essentials in two days, with a BOTI certificate of attendance.
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