Finance for Non-financial Managers

Workshop dates:

Johannesburg:  18-19 October 2017
Durbanville, Cape Town:  2-3 November 2017
Durban North: 20-21 November 2017

Course fee:

Single: R5,500.00.00 (R6,270.00 incl. VAT)
Early Bird Fee:  R4,400.00 (R5,016.00 incl. VAT) for all registrations received and paid for by 9 October 2017
Group booking of 3 or more delegates:  R4,125.00 (R4,702.50 incl. VAT)

In-House Training sessions: e-mail events@norcazacademy.co.za for a quotation with requirements.

Who should attend

All staff members who are involved or responsible for the budgeting system or who would like to understand the basics of financial management, costing and budgeting. This two-day course is aimed at staff with limited financial management experience.

INTRODUCTION

This workshop has been designed for managers whose work experience is not directly in the finance area. It will enhance your understanding of the overall budgeting process and how it all runs parallel to the strategic objectives of the organisation. You will gain an understanding of the financial decision-making framework.

This workshop will equip participants with the analytical skills needed to use financial reports. The integration of investment, operating and financial decisions will be highlighted. This programme will furthermore assist managers in their daily dealings with accounting and financial principles.

Objectives of this workshop:
  • Understand the link between the budget and the organisation’s strategic planning
  • Understand how budgets are used both for planning and for control
  • Learn how the budget can be used for better accounting practices
  • Understand cost awareness
  • Learn how the budget links with operations
  • Learn the importance of linking finance with the organisation
  • Know the purpose of budgets and the impact it has on your organisation
COURSE CONTENT

Module 1: Corporate Governance

  • Implications for organisations
  • Good Business Ethics
  • Internal Control
  • Corporate Ethics

Module 2: Types of Business Entities

Module 3: International Reporting

Module 4: Accounting Rules

  • Underlying assumptions of financial statements
  • Qualitative characteristics of financial statements
  • Elements of financial statements
  • Financial – Assets, liabilities and equity
  • Profitability – income & expenses

Module 5: The Accounting Equation and the double entry system of accounting including tax

Module 6: Ratio Analysis

  • Profitability
  • Efficiency
  • Liquidity
  • Debt
  • Market

Module 7: Budgeting and Costing

  • The budgeting process and advantages thereof.
  • Different types of costs
  • Cost volume profit, breakeven analysis
       
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