Financial for Non-Financial Course

Finance for Non-Financial Managers (FNFM) is designed to develop financial literacy and create a better understanding of your contribution to strategic decision making. This programme aims to unscramble the conundrums of reading financial statements, capital budgeting and the importance of cash flow.

COURSE CONTENT

1. INTRODUCTION INTO FINANCIAL FOR NON-FINANCIALS.

• • WHY FINANCIALS?
  • THE WORLDS ECONOMY.

2. UNDERSTANDING BASIC FINANCIAL TERMS.

• • UNDERSTANDING BASIC FINANCIAL TERMS.

3. FINANCIAL RATIO.

• • FINANCIAL RATIO.
  • A RATIONAL NUMBER.
  • FORMAL DEFINITION OF RATIONAL NUMBERS.
  • BASIC FINANCIAL RATIOS CALCULATIONS.

4. BASIC FINANCIAL REPORTS.

• • BASIC FINANCIAL REPORTS.
  • BALANCE SHEETS.
  • INCOME STATEMENTS. (P&L – Profit & Loss)
  • STATEMENT OF OWNER’S EQUITY.
  • CASH FLOW STATEMENT.

5. BUSINESS PLANS.

• • BUSINESS PLANS.
  • DO YOU NEED A BUSINESS PLAN?
  • DESCRIBING YOUR BUSINESS.
  • COMPOSING YOU EXECUTIVE SUMMARY.
  • MARKETING AND SALES.
  • ORGANISATIONAL AND OPERATING PLAN.
  • YOUR FINANCIAL PLAN.
  • PRESENTING YOUR PLAN.

6. BUDGETING.

• • BUDGETING.
  • BUDGETS AND BUSINESS PLANNING.
  • BENIFITS OF A BUSINESS BUDGET.
  • CREATING A BUDGET.
  • CONCLUSION.

7. UNDERSTANDING INFLATION.

• • UNDERSTANDING INFLATION.
  • THERE ARE SEVERAL VARIATIONS ON INFLATION.
  • HOW INFLATION IS DETERMINED?

8. INVOICE, TAX & VAT.

• • INVOICES.
  • VAT, TAX INVOICES.

9. FINANCIAL DECISION MAKING.

• • FINANCIAL DECISION MAKING.