Finance for Non-Financial Managers

Business finance and financial analysis aren’t the preserve of the accounts department. Financial reporting and the data it expresses are important tools for any budget-holder in an organisation.

If that’s you and numbers aren’t your primary passion, enrol now in Finance for Non-Financial Managers, an MIT Business Course. You’ll gain an understanding of the role of financial reporting and the confidence to make judgements about its content.

Basic principles:
- What is the difference between accounting and finance?
- Why do we need financial statements?
- Who are the audiences and what are they looking for?
- How do financials help businesses?

Financial statements:
- Position statements (balance sheets)
- Income statements
- Cash flow statements
- Statements of movements

Accounting methodologies:
- Financial accounting
- Analysis and interpretation
- Performance measures
- Business valuation
- Management accounting
- Management information systems
- Management performance measures
- Strategic management accounting
- Value drivers
- Valuation tools

Reading financial data:
- Common financial terms and figures
- Common accounting equations
- Reading a monthly financial management report
- Analysis and interpretation techniques and tips
- Using historical data to predict the future

Setting and reviewing budgets:
- The department budget
- Key components in setting a departments budget variance reports

Annual reports:
- What are annual reports?
- What are the key components?
- Tips for reading annual reports
- How an annual report is prepared

Outcomes:

At the end of this MIT Business Course for Corporates you will:
- Understand the fundamental principles of financial management
- Confidently distinguish between the four types of financial statements
- Be able to compare and contrast accounting methodologies
- Comfortably examine and analyse financial data and formulae
- Learn how to create and monitor an effective financial budget

Training style:
- Presented by industry expert
- Real-life case studies
- Group discussion and in-class feedback
- Action plans completed in-class
- Post-course exercises
- Post-course follow-up
- In-house option available
- Customisable course content

Phone 0800 SKILL UP (754 5587) or email businesstraining@manukau.ac.nz