Finance for Non-Finance Managers

To introduce learners to practical accounting and financial techniques that are useful to managers in business organisations.

Awarding Body

ATHE/LIBT

Duration

25 Hours

Start Date

All Year Around

Study Mode

Classroom Workshop

By the end of this programme, the participant will be able to:

  • Understand the requirements and techniques for financial recording and reporting
  • Understand how working capital can be effectively managed
  • Understand management accounting techniques
  • Understand how to evaluate business projects
  1. Understand the requirements and techniques for financial recording and reporting
  • Purpose and requirement for financial records
    • Legal requirements
    • Tax requirements
    • Internal control requirements
  • Financial recording
    • Double entry bookkeeping (overview only)
    • Day books and ledgers
    • The trial balance
    • Manual and computerised systems
  • Requirements for financial reporting
    • Financial reporting requirements for sole traders, partnerships, limited companies and
    • Public limited companies.
    • The financial statements (overview – not required to prepare accounts) – statement of
    • Financial position, statement of income, cash flow statement, notes to accounts.
    • Users/stakeholders
    • Usefulness of financial statements
  1. Understand how working capital can be effectively managed
  • Working capital components
    • Bank and cash balances
    • Debtors
    • Creditors
    • Stock
  • Management of working capital
    • Working capital ratios – calculation and evaluation
    • Ways to manage working capital – payment and collection cycles, stock control, overdrafts etc.
  1. Understand management accounting techniques
  • Management and financial accounts
    • Users
    • Outputs – information required by managers
    • Monthly/quarterly accounts
    • Useful ratios
  • Budgetary control
    • Purpose and content of budgets
    • Cash flow forecasts
    • Budgetary control process
    • Importance of budgets for management
    • Zero based budgeting, incremental budgeting
    • Advantages and disadvantages of budgets
    • Variances
    • Flexing the budget
    • Calculating variances
    • Explaining variances – financial and non-financial factors
    • Reconciliation of budgeted to actual profit
    • Advantages and disadvantages of variance analysis
  • Costing and pricing
    • Classifying costs – direct/indirect, fixed/variable
    • Calculating unit cost
    • Dealing with overheads – full absorption costing and overview of other costing
    • Methods
    • Pricing – cost plus, marginal cost, price takers etc.
    • Break-even – calculation and explanation
    • Marginal costing
  1. Understand how to evaluate business projects
  • Project appraisal methods
    • Accounting rate of return
    • Payback
    • Net present value
    • Internal rate of return
  • Evaluation
    • Strengths and weaknesses of each method
    • Non-financial factors – organisational goals and vision, time factors etc.
    • Organisational preference
  • Obtaining project finance
    • Sources of finance – internal and external
    • Making a case for finance
    • Providing assurances and project projections
  • Entry Level Managers

How many students are there in a classroom?

It depends on how many would enroll per intake. Even if the number of students are just 1, we still continue with the training as planned. The maximum number of students we will have in a classroom is 10.

Can I request a date that is convenient for me?

Absolutely! We will arrange the training that is convenient for you. The training date is completely customizable.

Can I change the course content?

Yes, if the contents of the course needs to be changed, please let us know. We will communicate with you and get a course outline that works for you finalized.

Does it matter which industry I work at?

It really doesn’t. We take cases and discuss them to cover your industry. If you need the course to be customized and tailored to your industry, we can also do that. You’d have to let us know in advance by filling out the form below.

(The fees include coffee breaks, study materials and working lunches daily)

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