Finance for Non-Finance Managers

Course details

This program is designed to introduce participants to the basic accounting concepts and to enable them to interpret the content contained in the financial statements.

Objectives

Upon the completion of this course the participant will be able to:

• Read published financial statements
• Explain accounting concepts and the accounting equation
• Explain how the various components of the financial statements link together to tell a story of the business being reported upon
• Interpret financial statements
• Briefly explain various costing techniques
• Apply basic budgeting techniques
• Correctly use costs for decision making

Target Audience

Managers who are not finance professionals but are required to interact and liaise with the finance department and who would benefit from an understanding of the financial function and terminology

Course Structure

The course is conducted using a combination of lectures, discussions and practical workshop sessions. Published financial statements will be used in the class discussions; participants are encouraged to bring along their own financial statements to be able to apply the class techniques to during the group discussions. There will be an assessment (based on real financial statements) on the final day of the course.

Program Contents

• Module 1: Purpose of Financial Statements
• Module 2: Cash Flow
• Module 3: Ratio Analysis
• Module 4: Costing
• Module 5: Budgeting