Finance for Non-Financial Managers

27 January 2025

Price: R18000,00

Duration: 10 Weeks

Weekly: 10-12 hours per week

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Other Available Dates 17 February 2025 3 March 2025

In this course you will explore the fundamental objectives that drive business success, including profitability, growth, and sustainability.

It will enable you to understand financial statements by looking at the role of finance in organisational decision-making and strategy formulation, understanding its pivotal function in achieving business goals.

The course discusses financial statements, including income statements, balance sheets, and cash flow statements, to interpret the financial health of a business.

By analysing financial statements, you will acquire analytical skills to interpret financial statements effectively, identify key performance indicators, and assess a company’s overall financial performance.

This course will lead to new insights into costing methodologies and budgeting techniques, and will explore strategies for effective working capital management, optimising current assets and liabilities to ensure smooth day-to-day business operations.

A discussion of the concept of time value of money, including present value, future value, and discounted cash flows, will result in informed financial decisions.

This comprehensive course provides a holistic understanding of business finance, empowering participants with the knowledge and skills necessary for strategic financial management in today’s dynamic business environment

Why ESC?

Equip students for executive roles in professional environments.

Study part-time and learn all the essentials in a short time.

Central to the learning process, take a course that considers you.

ESC is committed to empowering professionals at every stage of their career journey.

Learning Outcomes:

Understand and set the goals of a business incorporating financial knowledge
Describe the key activities performed by the finance function
Explain the importance of the relationship of finance and accounting with the other departments
Define and explain the purpose and the users of the 4 principal financial statements, the Income Statement, Balance Sheet, Statement of Cash Flow and Statement of Changes in Equity
Understand the purpose of the General Ledger and the chart of accounts
Understand what to look for in the Auditors report and the Directors report

Determine the overall performance of the organisation
Perform financial analysis techniques and be able make recommendations on the outcomes
Understand and explain the costing and budgeting concepts
Understand and explain working- and net working capital and distinguish between conservative and
aggressive working capital policies
Explain the concept of the time value of money principle and its role in financial management
Ability to apply financial knowledge to make short-term financial decisions.

Module Content:

Module 1: The Goals of a Business
Module 2: The Finance Function
Module 3: Understanding Financial Statements
Module 4: Analysing Financial Statements
Module 5: Costing and Budgeting
Module 6: Working Capital Management
Module 7: The Time Value of Money
Module 8: Short-term decision-making (Financing / Capital Budgeting)

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