Finance for Non-Financial Managers (Online)

The Finance for Non-Financial Managers course is designed to enable people with no financial background to understand finance and its associated terminology. It will introduce you to basic financial management principles, empowering you to better understand the financial aspects of business and management decisions, and to do the basics, like:

• understanding and analysing financial statements.

• completing basic cash and capital budgeting.

• managing working capital.

• making valid pricing decisions.

• assessing project progress and returns.

This course is best suited to students who don't have a financial background, but who need to better understand the financial aspects of business and management decisions. It's ideal for small business owners, general managers, entrepreneurs, heads of department, marketing managers, human resources managers, bookkeepers and people in professions such as engineering, architecture or medicine.

On successful completion of this course, students will be able to:

• demonstrate an understanding of the broader environment of financial management.

• draw up and understand basic financial statements.

• interpret financial statements, and use the information to make the necessary decisions.

• evaluate the financial viability of an organisation/project by making use of basic financial ratios.

• demonstrate an understanding of the importance of working capital and cash flow in a business.

• apply the fundamentals of budgets and compile a monthly budget for a 12-month period in line with operational plans.

• compile a financial plan and supervise the financial management of a unit against given requirements.

• make pricing and investment decisions.