Essentials of Finance and Accounting for Non-Financial Managers

Start Date: 2023-08-21 End Date: 2023-08-25

Scheduled Dates:

     21-25 August 2023

     4-8 December 2023

Venue:                      Windhoek, Namibia

Duration:                  5 days

Course Fee:             USD 1850.00

Course Description

During challenging economic times, financial acumen is expected at every organizational level. It is important that every manager possess to a certain level of financial skills. Emphasizing the importance of financial data on the decision-making process, Finance and Accounting for the Non-Financial Manager allows non-financial business executives to become better users of financial information so they can be more strategic contributors to their organization.

The course is designed to provide insights into the financial fundamentals for non-financial managers, executives and senior managers who are keen about understanding key financial information like balance sheets, income statements, cash flow statements, budgets and forecasts, annual reports and financial statements interpretation to be more strategic contributors to their organization.

The Aims of the Course

The course aims to:

• Provide knowledge and skills to interpret financial statements, calculate the value of income and payments, and evaluate projects based on cost and revenue implications.
• Deepen an understanding of the financial drivers in a business and how to make decisions in a financial context.

Course Objectives

By the end of this training, delegates should be able to:

• Interpret, analyse and evaluate key financials is a critical skill at all levels of an organisation;
• Use finance instruments to add value when the company makes growth and strategic allocation decisions.
• Understand accounting reports to make more informed business decisions and communicate with the finance team with confidence;
• Interpret and respond appropriately to financial information- interpreting income statements, balance sheets and cash flow statements to understanding the language of accounting and finance.
• Make smarter decisions that deliver higher profitability.
• Prepare operating budgets for planning purposes.

Target Group

• All non-financial managers in every functional area of responsibility in all industries.