Finance for non-finance managers
Course Description
Accounting is the language of the commercial world. The ability to read and understand financial reports is a crucial skill for success in business. This foundational course introduces key financial statements, accounting terminology, and basic management accounting concepts, enabling participants to confidently interpret simple financial information.
Course Objectives
By the end of this course, participants will be able to:
- Understand the role of accounting in the business environment
- Interpret balance sheets and profit & loss statements
- Perform simple analysis using financial ratios
- Apply basic management accounting concepts
- Conduct simple project evaluations
Course Content
- What is Financial Accounting, why it matters, and how it works
- Key Terminologies in Financial Reports
- Useful Financial Ratios
- Managerial Accounting Basics
- Project Evaluation Techniques
- Case Studies and Practical Exercises
Methodology
A practical, interactive approach combining:
- Presentations and lectures
- Demonstrations and role plays
- Case studies and simulations
- Group activities, discussions, and reflections
- Journaling exercises
Duration
2 days
Target Audience
Supervisors, managers, team leaders, professionals in the business environment, and aspiring students.
Course Fees
$450
Payment Methods
Cash, Cheque
SkillsFuture
CRS-N-0041728
Course Outline
Day 1
9:00am – 9:15am – Ice Breaker
9:15am – 10:00am – Introduction: Accounting is the Language of Business
- The accounting cycle
- Major financial statements
- Common terms in financial statements
- Reading balance sheets, income statements, and cash flow statements
10:00am – 10:15am – Tea Break
10:15am – 12:30pm – Types of Financial Ratios and How to Interpret Them
- Profitability Ratios
- Liquidity Ratios
- Efficiency Ratios
12:30pm – 1:30pm – Lunch
1:30pm – 3:00pm – Using Financial Ratios to Formulate Strategies and Action Plans for Financial Stability
3:00pm – 3:15pm – Break
3:15pm – 4:15pm – Case Study
4:15pm – 5:00pm – Review
Day 2
9:00am – 9:15am – Ice Breaker
9:15am – 10:00am – Introduction to Basic Management Accounting
- Difference between management accounting and financial accounting
10:00am – 10:15am – Tea Break
10:15am – 11:15am – Breakeven Analysis
11:15am – 12:30pm – Budgeting
12:30pm – 1:30pm – Lunch
1:30pm – 3:00pm – Develop Financial Acumen to Make Effective Business Decisions
- Payback Period
- Net Present Value (NPV)
- Internal Rate of Return (IRR)
3:00pm – 3:15pm – Tea Break
3:15pm – 4:30pm – Assessment / Written Exercise
4:30pm – 5:00pm – Review
Take the Next Step
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