Finance For Non-Financial Managers

by KZN Business Training Centre Claim Listing

Financial data can be intimidating for people who don’t have to process them on a daily basis. Moreover, the decisions non-finance teams make have a bearing on the company’s financial performance.

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img Duration

2 Days

Course Details

Financial data can be intimidating for people who don’t have to process them on a daily basis. Moreover, the decisions non-finance teams make have a bearing on the company’s financial performance.

Managers who are not directly involved in financial management should be empowered to understand the financial aspects of a business better. It helps them take more informed decisions on key operational and strategic issues, and to get a complete idea of the justification behind management actions. Financial literacy equips managers to contribute confidently in finding creative solutions to problems.

 

Topics Covered:

  • Basic bookkeeping and accounting terms
  • Debits & credits
  • Assets and Liabilities
  • Drawing up and understanding the income statement and the balance sheet
  • Managing cash flow and working capital
  • Developing your own budgets and cash flow forecasts
  • Management accounts vs external accounts
  • Understanding ratios and their relevance to decision making
  • Planning for break even and beyond
  • VAT, company and employee taxes
  • The importance, impact and mechanics of good capital budgeting
  • Durban Branch

    23 Jan Hofmeyr Rd, Berea West, Westville, Durban

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