Finance For Non-Finance Professionals (Full - Day)

Increasingly, managers in every functional area need to understand the basic principles of accounting and finance to improve the effectiveness of their operations and strategy. Financial data has to be analysed in order to make calculated business decisions.

By empowering non-financial managers with a framework of essential financial terminology, concepts and applications taught in this programme, it would enable them to analyse and interpret commonly used financial information in making business decisions and working more effectively with the financial managers of their organizations.

This programme is aimed at helping managers with little or no knowledge of finance to grasp the basics. It is also simplified to enable fundamental financial concepts to be learnt and remembered well which will enable communication in finance-related matters to be more effectively with an increase in the understanding of the performance metrics of the organization and other managerial accounting aspects.

Target Audience:

• The course will be useful to directors, managers and any other officers that use financial information in the course of their work and do not have any specialised training in understanding financial information. Prior knowledge of accounting or finance is not required to benefit significantly from this workshop.

Course Benefits:

• Improved understanding of fundamental accounting concepts and financial terminology, allowing non-financial managers to communicate more effectively with financial managers.
• Ability to analyze and interpret commonly used financial information in making business decisions.
• Increased credibility in proposals due to better understanding of financial terms and issues.
• Understanding of accrual vs. cash accounting and ability to diagnose a company's financial health through ratio analysis.
• Ability to read and understand the Statement of Financial Position (Balance Sheet) and Statement of Financial Performance (Profit and Loss).