Finance For

Non-financial
Managers

Office No. 1, Second Floor, Florida Arcade, 18B Goldman Street

,Florida, 1709, Gauteng, South Africa
+27 (81) 432 1537 | +27 (78) 103 0657 | TEL: +27 (11) 425 1748 www.prosam.co.za
COURSE OBJECTIVES
This programme will 'lift the veil' and develop excellent financial acumen and sound
understanding of financial data for non-financial managers.

Managers make daily decisions that often have a notable impact on the organisation's
financial standing. However, many people do not understand the importance of assessing
how their decisions impact the organisations bottom-line. This course seek to equip
non-financial managers and supervisors with skills that would improve their decision
making capacity and accelerate organisational strategic goal achievement.

This programme was designed for those who desire to improve their understanding of the
financial ramifications of their decisions – whether these relate to an impact on the income
statement, balance sheet or cash-flow statement.

A careful and through a combination of classroom lectures, slides and practical exercises
and interpretation of real life financial statements makes this session exciting.

COURSE ACHIEVEMENTS
When you have completed this course you will understand and apply key concepts
associated with Finance and you will enjoy the following:

• Describe financial management terminology, concepts and principles

• Apply various financial planning techniques such as budgeting, cash-flow
projections, cost benefit analysis, variance analysis and cost management
• Analyse and interpret financial management statements and reports such as the
balance sheet, income and expenditure statement, budget, cash flow projection,
variance analysis and assets register
• Describe valuations and credit management principles and processes
• Explain how financial decisions are arrived at
• Give the basic principles of sound business investment decisions
• Appreciate financial principles of accountability, cost effectiveness, cost efficiency
and value for money
• Apply ratio analysis of financial statements and appreciate the advantages and
limitations of ratio analysis
• Describe financial management success and failure factors.
COURSE CONTENT
The following will be covered by the course
The Role of Management
• Importance of Strategic organisational goals
• Management and Goal achievement
• The financial management cycle
• Your Role in the Company Finances
Introduction to Financial Management
• What is financial management
• Finance and the Legal Environment
• PFMA
• MFMA
• What are the goals and objectives of financial
management
• The agency problem
• Legal forms of business organisation
Accounting Terminology
• The Balance Sheet
• Liabilities and Equity
• Profit and Loss Statement (Income Statement)
• Cash Flow statement
• Financial management failure and success
factors
• Centralised vs decentralised financial
management
• Analysing various accounting ratios
Preparation and Analysis of Financial
Statements
• Profit and Loss Account
• Balance Sheet
• Cash flow statements
• Statement of Change in Equity
• Statement of Change in Assets
• Notes to the Financial Statements
• Limitations of Financial Analysis
• Introduction to Financial Ratios
Budget planning and management
• What is a budget
• Aligning budgets with management plans
• Format of the budget submission
• Preparing a budget
• Budget and budgeting cycle
• Different budgeting processes
• Strengths and weaknesses of various
budgeting techniques
• Cash flow projections
• Forecasting
Asset Management
• Revenue and Cash management
• Managing liquidity (Working Capital
Management)
• Managing Accounts Receivables
• Managing Inventory
• Managing Profit Performance
• Comparing Investment Opportunities
Cost Management
• Tracking Business Expenses
• Using Accounting Software
• Ethical issues surrounding accounting
• Bookkeeping
• Fixed, Variable and Semi Variable Costs
• Handling and Controlling of different types of
costs:
• Total Costs,
• Opportunity Costs,
• Transaction Costs
Monitoring financial processes and
procedures
• Variance analysis early warning system
• Analysis and interpretation of financial
statements
• Analysing income statements and balance
sheets
• Apply ratio analysis and percentage of
financial statements
• Advantages and limitations of ratio analysis
Financial reporting and auditing
• Overview of the auditing function
• The external audit process
UNIT STANDARD ALIGNMENT
This course covers unit standards: US 120360,
NQF level 5, 12 Credits with the following
Specific Outcomes and Assessment Criteria:
Our Promise to You
Prosam Consulting Group is an accredited skills development services provider and the
selected professional team are subject matter experts endowed with sound learning and
development experience in a wide range of industries, along with the required technical
skills to dissect the topic and transfer the necessary skills in the most professional and
entertaining ways.

Additionally, we understand and prioritise our client’s specific needs and

Requirements, thus this training session will be customised to suit the needs of our clients.
We also pride ourselves with a proven aptitude for successfully completing complex
and dynamic projects, such as this one, and we strive to keep our record unscathed.
Prosam therefore undertakes to provide the best and memorable experiences at all times.

Terms and Conditions

Please review the Terms and Conditions carefully before confirming your booking.
Delegates are encouraged to review the content and level of the course they are looking for
to ensure accuracy and suitability

Payment:
Full payment must be received 2 weeks prior to the course.
Proof of payment must be emailed to info@prosam.co.za.

Cancellation:
All cancelation must be done in writing to
info@prosam.co.za no later than 7 working days prior to the training start date.

A 30% cancellation fee will apply. Delegates who cancel their registration in writing after 7
working days will be personally liable for the full fee. Substitutions may be made at no
additional cost. Delegates will be personally liable for the payment of the full registration
fee in the event of non-attendance or failure to cancel in writing prior to the deadline of 7
working days.
All payment must be received prior to the commencement of training.
Full payment must be done 2 weeks prior to the commencement of the course.

Dietary Requirements:
• All dietary requirements received at least 3 days prior to the commencement of training
maybe accommodated.

Please Note:
• Prosam endeavours to host the specified training on the advertised dates. However, if
unforeseen circumstances arise or due to extenuating circumstances out of our control, we
reserve the right to cancel the training.
• Prosam reserves the right to make changes to the training programme.
• Prosam also reserves the right to refuse any booking at the discretion of the company.
Booking Form
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