Finance Fundamentals for Budget-Holders
Understand and use financial information in decision-making. Evaluate financial performance and transform your effectiveness as a manager.
Course overview
Finance for non-financial managers explains the financial concepts and accounting processes used in most businesses providing a foundation for you to understand and use financial information in decision making, including resource allocation and evaluating financial performance.
This one-day course places emphasis on the practical application of all concepts covered.
The course assumes participants can use a calculator and can do simple numeric calculations.
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What you'll learn
- to understand the art of finance: the terminology and the assumptions, estimates and biases that underlie the numbers
- to understand the content and presentation of financial statements
- that profit is not equal to cash and the importance of cash
- how to read and analyse the accounting numbers including the use of ratios
Course modules
- Financial terminology and accounting concepts: the concepts and language of accounting is explained in easy to understand language
- Understanding the numbers: why profits and most assets are estimates and what underlies them
- The importance of cash as a reality check as to business performance
- How to use finance tools to assist in strategic decision-making
- Reading financial reports and understanding the financial picture
Here's what others are saying
“I found it extremely useful for equipping me as a lay person with some tools to help me make personal investment decisions. I now feel confident to read a financial statement, understand why it is structured the way it is, and do some useful analysis which before the course I did not.”
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