Finance for the non-financial manager

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 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
Contact Details

Contact Person: 

Bianca van Wyk
Course Details

Course Delivery Method: 

In Class In Class

Presented Presented Courses

In House In-House

On Demand On Demand

Course Duration: 

1 day



Course fee Includes: 

Lunch and refreshments