Finance for Non-financial Managers
ONLINE WORKSHOP DATES 2021: 2-3 February 2021
PUBLIC WORKSHOP DATES 2021:
Midrand, Johannesburg: 13-14 January / 8-9 February 2021
Durbanville, Cape Town: 24-25 February 2021
Durban North: 18-19 January / 4-5 March 2021
ENQUIRIES:
For in-house group bookings and other enquiries, please e-mail me at events@norcaz.biz or contact Charlotte at 011: 902-0720 / 062 162 1640 / Ronell: 073 291 0450.
COURSE FEE: R6,500.00 (R7,475.00 incl. VAT) per delegate.
Early bird discount for ONLINE, PUBLIC & GROUP BOOKINGS less 40% (R2,600.00) per delegate = R3,900.00 (R4,485.00 incl. VAT) per delegate for all NEW registrations received and paid by 13 January 2021. Terms and Conditions apply.
Online Training Hours: 08:30 for 09:00 -16:00 which include 2 x 20 min tea breaks and 1 x 30 min lunch break.
Technical requirements: Training will be presented live via Zoom / Microsoft Teams. You need to have access to either a tablet / laptop / desktop including activated webcam, earphones, etc. Internet connection (3G or 4G / LTE) – minimum speed of 3.0 Mbps (up / down).
DURATION: 2 Days
COURSE CONTENT
1. How Critical Is Good Financial Information anyway?
- Managing a company in today’s business environment
- The Role of the Finance Department
- IFRS: The Rules of Financial Reporting
- The relationship of Finance and Accounting to their departments
2. The Structure and Interrelationship of Financial Statements
- Tracking the life cycle of a company
- Accounting is like a football game on videotape
- The Chart of Accounts – A collection of buckets
- The General Ledger – Balancing the buckets
- Accrual Accounting
- The principal financial statements defined
3. The Balance Sheet: Basic Summary of Value and Ownership
- Assets and ownership
- Current assets – Liquidity makes things flow
- Fixed assets – Property and possessions
- Other assets
- Current liabilities
- Long-term liabilities – Borrowed capital
- Ownership comes in various forms
- Using this report effectively
4. The Income Statement: The Flow of Progress
- They say timing is everything
- Sales
- Cost of sales
- Gross Profit: The first measure of profitability
- Operating Expenses: Running the business
- Operating Income: The basic business bottom line
- EBITDA
- Other income and expenses
- Income before taxes, Income taxes and net income
- Earnings per share
- Using this report effectively
5. A Profit vs. Cash Flow: What’s the Difference?
- The cash flow cycle
- Cash basis vs. accrual basis
- Net profit vs. Net cash flow in your financial reports
6. The Cash Flow Statement: Tracking the King
- Beginning where the Income Statement ends
- Cash from Operations
- Cash for Investing
- Cash from Financing
- Using this report effectively
7. Critical Performance Factors (CPFs): Finding the Hidden Information
- What are CPFs?
- Measures of Financial Condition and Net Worth
- Measures of Profitability
- Measures of Financial Leverage
- Measures of Productivity
- Trend Reporting: Using history to predict the future
- Cost Accounting:
- The Purpose of Cost Accounting
- Fixed and variable expenses
- Controllable and uncontrollable expenses
- Standard Costs – Little things mean a lot
- Cost variances
8. Business Planning: Creating the Future You Want
- Why take time to plan?
- Strategic Planning vs. Operational Planning
- Vision and Mission – The Starting Point
- Strategy – Setting direction
- Long-Term Goals – The path to the mission
- Short-Term Goals and Milestones – The Operating Plan
9. The Annual Budget: Financing Your Plans
- Tools for telling the future: Budgets, Forecasts, Projections
- How to budget for revenues
- Budgeting costs
- The budgeting process
- Flexible budgets
- Variance reporting and taking action
Financing the Business: Understanding the Debt vs. Equity Options
- How a business gets financed
- Short-Term debt
- Long-Term debt
- Convertible debt
- Capital stock
- Attracting outside investors:
- The entrepreneur’s path
- The start-up company
- Professional investors
- Venture capitalists
- The initial public offering
- Strategic investors
- Acquisition