Finance for Non-Finance Managers is a public workshop which aims to provide an overview of the financial knowledge and essentials to assist the line-managers and executives in their daily activities. It is essential to equipping managers with the skill to better manage and control operations.

During the workshop, financials are critically examined, and the approaches to solutions are identified and framed for discussions. Issues are crystallized for purposes of application exercises and group discussions.

• This course is ideal for professionals from a non-finance background who want to develop their financial understanding, understand how their decisions affect an organisation’s financial performance and improve their organisation’s financial performance.
• The course will also be useful for new managers, existing managers as well as anyone looking to refresh their finance knowledge.

Course Learning Outcomes

• Appreciate basic accounting principles
• Explain the different types of financial reports;
• Interpret key Financial information
• Understand the limitation of financial reports
• Construct a cash budget and Pro-forma statement
• Apply time value of money concepts to evaluate different streams of cash flow
• Appreciate the capital budgeting process
• Apply common capital budgeting techniques to project evaluation

Introduction, Course outline, Expectations and Takeaways

• Understanding the importance of financial statements.

Analysing & Tools for Preparing Financial Statements

• Understanding  Double Entry Concepts
• Recording Transactions- Journals, Cash Book, General Ledger
• Understanding the differences between Income Statement  & Balance Sheet and their roles.

Assumptions –Sources of information

• Understanding Relevant and achievable targets
• KPIs, Assessments relevant to company /industry

Understanding Financial Statements

• Accounting Terminology within Financial Statements
• Contents of Income Statements, Balance Sheet & Cash Flow
• Understanding Income, Balance Sheet (Assets, Liabilities & Equity)
• Understanding Cash Flows (Operating, Investing & Financing)

Analysing & Interpreting Financial Statements

• Understanding Vertical Analysis
• Understanding Ratios (Performance, Liquidity & Leverage)

Limitations of Financial statements

• Understanding the pitfalls of over-relying on financial statements
• Understanding the limitations of Ratios

Planning & Budgeting

• Understand the Financial Planning Process
• Understand and apply Cash Planning concepts to prepare Cash Budget
• Understand and apply Profit Planning concepts to prepare Pro-forma Statement

Capital Budgeting & Investment Analysis

• Understand and apply the time value of money concepts to evaluate different streams of cash flow
• Describe the characteristics of capital expenditure
• Describe the capital budgeting process
• Understand and apply the following capital budgeting techniques:
  o Payback period
  o Net present value
  o Internal rate of return