Finance for Non-financial Managers

 Workshop dates 

Midrand Johannesburg:  16-17 April 2020
Cape Town (Durbanville):  20-21 April 2020
Durban North:  7-8 May 2020

 

 * Early bird discount less 15% p/p and group booking discount less 20% p/p off the normal fee. Offer available until 18 March 2020 – see details below. *

Course fee: R6,250.00 (R7,187.50 incl. 15% VAT) per delegate.

Early bird discount less 15% (R937.50) per delegate = R5,312.50 (R6,109.38 incl. 15% VAT) per delegate for all NEW registrations received and paid by 18 March 2020.

Group booking discount for 3 or more delegates less 20% (R1,250.00) per delegate = R5,000.00 (R5,750.00 incl. 15% VAT) per delegate for all NEW registrations received and paid by 18 March 2020. Terms and Conditions apply

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