Finance for Non-Financial Managers

Finance

In order to maximise their contribution to a business, all managers need to have a solid understanding of finance. This Finance for Non-Financial Managers course is suitable for managers and executives with responsibility for managing budgets, company directors with limited or no financial background or entrepreneurs with little or no previous financial experience.

The aim of this course is to give managers from a non-financial background the opportunity to gain a better understanding of the basic principles of business finance and become more confident in addressing matters of a financial nature. Private individuals who want to learn more about business finance will also benefit from taking part.

The course is open and flexible to suit the audience requirements, accounts and information sheets will be provided along with a contextual analysis of recent financial news and topical subjects. The course is also presented in a non-technical fashion.

In preparation for the course, participants should consider if there are any recurring topics issues they have with finance that they would like to have a better understanding of.

 

Duration:

  • Three half days contact time including facilitation and group activities
  • 30 days self-study after which participants are to submit their Portfolio of Evidence

Course Benefits:

By the end of this two-day programme, participants will better understand:

  • The role of finance in business
  • Commonly used financial terminology
  • How to read financial statements
  • The role of finance in planning and decision making

Course Programme:

Business and finance

  • The concept of risk and reward, business organisation and role of finance, development and growth of businesses

Understanding financial statements

  • Users of financial statements, accounting principles and financial reporting, basic book-keeping, Profit & Loss Account, Balance Sheet and Cash Flow Statements

Financial management

  • Reading and interpreting financial statements, ratio analysis, breakeven analysis, cost accounting, working capital management and cash flow forecasting, gearing and equity and debt financing, finance raising, business valuations

Financial planning

  • The components of a good business plan, planning process, variance analysis, capital budgeting, role of finance in planning process

Training:

Our study guides include:

  • Complete guide to study materials
  • Self-contained guide with all module requirements
  • Examples and case studies
  • Clear learning outcomes
  • Activities that can be completed individually or as part of a team

Different modules have different assessments ranging from individual presentations, group presentations and written assignments.

In addition, our program features:

  • Tutor-marked assignments
  • End-of-module assessments
  • A written examination
  • Textbooks are provided in most modules

Certification:

  • An IIT Certificate of Competence will be awarded to all delegates who successfully submit and are found competent on their Portfolios of Evidence (PoEs).
  • An IIT Certificate of Attendance will be awarded to all delegates who do not submit a PoE within the specified timeframe after attending the three days of training.

Prerequisites:

This course assumes that the student has a fundamental understanding of business as well as possesses the necessary English literacy to understand the contents of this course. This course is aimed at all levels of the workforce and aims to improve time management and organizational skills.

Participants should bring documents they have written and/or those they will be expected to produce.