Finance for Non-Financial Managers, NQF Level 5
Short Courses
Description
Curriculum
Description
The Financial Management course provides participants with a thorough understanding of financial principles and practices essential for managing organizational finances. This course covers budgeting, financial analysis, and strategic financial planning, equipping professionals with the skills needed to optimize financial performance and support informed decision-making.
COURSE OVERVIEW
At the end of the programme, delegates will be able to:
- Explain the accounting cycle by means of a diagram
- Explain the role of budgeting and forecasting in the strategic planning process with reference to the manager’s specific organisational context
- Explain the accounting conventions applied in the financial management of a unit with examples
- Explain the financial reports published by themanager’s entity with examples
- Analyse the financial statements, using data sources identified and evaluated for authenticity and accuracy
- Apply the ratios to measure the profitability and liquidity of an entity
- Apply the ratios to measure the working capital and asset utilisation of an entity
- Apply the ratios to measure the return of an entity
- Make recommendations regarding the profitability of, liquidity, working capital, return and resource utilisation by the entity using the results obtained from the application of the ratios
- Identify the types and formats of financial forecasts with examples
- Identify sources of financial forecasts as per the entity’s standard practice
- Outline the factors in preparing financial forecasts in line with entity’s standard operating procedures
- Incorporate relevant factors in the preparation of financial forecasts
- Analyse financial forecasts to determine viability against the entity’s requirements
- Link budget plans to operational objectives
- Establish operational objectives in line with the unit’s strategic plan
- Formulate the budget according to standard operating procedures
- Review the drafted budget, reflect on and modify it to ensure alignment to the operational plan of the unit
Curriculum
Course Details
- Module 1: Demonstrating an understanding of the key concepts of managerial finance
- Module 2: Interpret financial statements
- Module 3: Describe and prepare financial forecasts
- Module 4: Draft budgets according to the operational plan of the unit
Credit
8
Mode of Delivery
Online | In person
Date
22-24 October 2024
10-12 December 2024
Price
R5, 950 – Online
R6, 950 – In Person