Finance For Non Finance Managers

About the course
In any organization the finance function plays a key role in developing business and determining service or product costs. Proper financial management assists the organization to effectively and efficiently utilize its limited resources to achieve its objectives.  Non-financial managers are also involved in managing finance for their business functions, hence the need for them to acquire the requisite financial skills.
This course aims to equip the non-financial managers with knowledge in core financial principles and improve their financial decision making in this ever changing business environment. This course will help managers understand how the decisions they make will affect the financial performance of their organization.
Target Participants
This training is designed for managers who are not from the financial or accounting background but whose role involves financial decision making. This course is ideal for managers who want to acquire skills in financial processes. This includes the following:

  • Programme/Project Officers
  • Economic Planners
  • Investigators
  • Procurement Managers
  • Human Resource Managers
  • Chief Executive Officers

What you will learn
By the end of the course you will be able to:

  •  Analyse financial statements to understand performance
  • Implement cash management practices
  • Comprehend the impact of various business decisions on the organization’s performance.
  • Plan, develop, implement and control budget Understand the sources and availability of finance for an organization
  • Understand relevant financial information within the organization
  • Realise the importance of internal auditing and external auditing
  • Importance of Procurement in the organisation
  •  Prepare Budget

 
Course Outline
Introduction to Financial Management

  • Definition of financial management
  • Importance of financial management in projects
  • The finance function and its relation with other business functions
  • Financial management cycle
  • Good practice systems: the building blocks of financial management

 
Financial Reporting

  • Preparation and presentation of financial statements
  •  Importance of Financial Reporting
  • Principles and Objectives of Financial Accounting
  • Types of Accounts
  • Financial Statements; Income Statement, Balance Sheet, Cash Flow Statement

Measuring Finance Performance

  • Introduction to financial Analysis
  • Steps in financial analysis
  • Sources of data for financial analysis
  • Financial ratios

 

Type: 
Short
Mode of Study: 
Part Time
Campus: 
Lesotho Campus
Faculty: 
Business and Information Resource Management
Course Duration: 
5 Days