Finance For Non-Finance Managers
To raise the level of financial awareness of participants and enable them to use the financial information provided to make better short-term or long-term decisions in managing their businesses.
There is a greater need to understand financial information, particularly the balance sheet, profit and loss account and cash flow statement as companies strive to enhance their shareholder value. Decisions made without properly understanding the financial implications may lead to reduced profits (or even losses) and a reduction in shareholder value. By raising financial awareness, participants are better able to manage businesses’ revenues, costs, profits and cash.
Participants will also be able to use their new financial knowledge to make more effective decisions. This workshop will provide basic financial principles and cover generic financial management tools necessary for decision making. Learning is achieved via examples, which reinforce the theory, and topic-related internationally acclaimed videos which successfully simplify the financial topic for the nonfinancial person. Participants also prepare year end financial statements.
- Learn the functions of financial management.
- Understand the fou key financial statements: balance sheet, income.
- Use the financial information to manage the business or their departments.
All managers need to understand finance if they are to play an active role in helping their organization achieve its objectives. Not all managers need the same level of skill and understanding as specialist financial managers, but a good knowledge of the key concepts of prudent financial management - such as modern financial accounting - should equip non-financial managers with the knowledge they require. The Finance for Non-Financial Managers qualification is designed to provide both employers and employees with independent verification of the financial knowledge of managers who do not directly work within a finance role.
There are no pre-requisites for this examination, however it is recommended that candidates seek accredited training to prepare for the exam.