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Finance and Non-Finance Managers

JHB | Dates: 21 - 23 June, 2023

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Decisions employees make daily in business often have a notable impact on the organisation’s financial standing. However, many people do not understand the importance of assessing how their decisions impact the organisation’s bottom-line.
Not being able to interpret financial statements fuels this lack of
understanding. This three-day programme is for those who want to
improve their understanding of the financial ramifications of their
decisions – whether these relate to an impact on the income statement,
balance sheet or cash-flow statement.
Through a mixture of classroom lectures, practical exercises and
interpretation of financial statements, this course will help delegates to ‘lift

  • 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

Learning Unit 1: The role of management
• The financial management cycles
• Your Role in the Company Finances Case study and analysis
Learning Unit 2: 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
Learning Unit 3: 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
Learning Unit 4: Budget planning and management
• Aligning budgets with management plans
• Format of the budget submission
• Preparing a budget
• Budget and budgeting cycle
• Different budgeting processes
• Reviewing budgets

• Strengths and weaknesses of various
• budgeting techniques
• Cash flow projections
Learning Unit 5: Budgeting and financial Forecasting
• The types and patterns of financial forecasts
• Sources of financial forecasts
• Elements used for preparing financial forecast
• Factors Considered in Financial Forecasting
• Analysis of forecasts
Learning Unit 6: Asset management
• Revenue management
• Tracking Business Expenses
• Using Accounting Software
• Managing Profit Performance
• Comparing Investment Opportunities
Learning Unit 7: Financial reporting and Auditing
• Overview of the auditing function
• The external audit processes
• Case study and analysis

3 – Day Training

R3 499

Group discounts available on request.

In class, In house & Online

Sales and Marketing Manager
• Warehousing Managers
• Logistics Managers
• Engineering Managers
• Operations Managers
• Human Resources Managers
• Training Managers

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