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Imsimbi Training proudly presents

Finance for Non-Financial Managers – 3 DAYS

 

Imsimbi Training is a fully accredited training provider with the Services Seta, number 2147, as well as a Level 2 Contributor BBBEE company.

 

This course is accredited by the Services Seta and the material covers unit standard 242810 at NQF L4 worth 6 credits and unit standard 114738 at NQF L4 worth 6 credits.

 

COURSE OBJECTIVES

Upon completion of this course, the participants should be able to:

  • Describe financial management terminology, concepts and principles
  • Apply various financial planning techniques such as budgeting, cash-flow projections, cost benefit analysis, variance analysis and cost management
  • Analyse and interpret financial management statements and reports such as the balance sheet, income and expenditure statement, budget, cash flow projection, variance analysis and assets register
  • Describe valuations and credit management principles and processes
  • Explain how financial decisions are arrived at
  • Give the basic principles of sound business investment decisions
  • Appreciate financial principles of accountability, cost effectiveness, cost efficiency and value for money
  • Apply ratio analysis of financial statements and appreciate the advantages and limitations of ratio analysis
  • Describe financial management success and failure factors

COURSE OUTLINE

The role of management

  • The financial management cycle
  • Your Role in the Company Finances

Accounting Terminology

  • The Balance Sheet
  • Liabilities and Equity
  • Profit and Loss Statement (Income Statement)
  • Cash Flow statement
  • Financial management failure and success factors
  • Centralised vs decentralised financial management
  • Analysing various accounting ratios

Budget planning and management

  • Aligning budgets with management plans
  • Format of the budget submission
  • Preparing a budget
  • Budget and budgeting cycle
  • Different budgeting processes
  • Strengths and weaknesses of various budgeting techniques
  • Cash flow projections
  • Forecasting

Asset management

  • Revenue management
  • Tracking Business Expenses
  • Using Accounting Software
  • Ethical issues surrounding accounting
  • Managing Profit Performance
  • Comparing Investment Opportunities
  • Credits vs. Debits
  • Bookkeeping

Monitoring financial processes and procedures

  • Variance analysis early warning system
  • Analysis and interpretation of financial statements
  • Analysing income statements and balance sheets
  • Apply ratio analysis and percentage of financial statements
  • Advantages and limitations of ratio analysis

Financial reporting and auditing

  • Overview of the auditing function
  • The external audit process

COURSE CONTENT

  • Session One: Introduction and Course Overview
  • Session Two: Balancing self, team & society
  • Session Three: Ethics
  • Session Four: Introduction to financial management and strategic planning
  • Session Five: Time Value of Money
  • Session Six: What is finance?
  • Session Seven: Your role and the role of financial players
  • Session Eight: Budgeting
  • Session Nine: Procurement
  • Session Ten: Accounting and Bookkeeping
  • Session Eleven: Expenditure Control, Early Warning Systems & Variance Analysis
  • Session Twelve: The balance sheet
  • Session Thirteen: Liabilities and equity
  • Session Fourteen: Income Statement
  • Session Fifteen: Cash flow statement
  • Session Sixteen: VAT
  • Session Seventeen: Disposal of tangible assets
  • Session Eighteen: Analysing financial statements
  • Session Nineteen: Managing Profit Performance
  • Session Twenty: Comparing Investment Opportunities
  • Session Twenty one: The Human Aspect
  • Session Twenty two: Auditing and Corporate Governance

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