McTimothy Associates

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FINANCE SKILLS FOR NON-FINANCE MANAGERS (BASIC AND ADVANCED)

Why Attend

Exposure of managers to important financial concepts in day-to-day business transactions. It will help them take better decisions on the basis of financial implications on the business. It will also make managers know how to strengthen the internal control mechanisms for the organization. You will learn to apply the fundamentals of finance to improve budget management, increase potential profits, and assess the financial performance of business activities. You will also understand the terminology used by accounting and finance staff and will feel more confident when being involved with them or using them. This course will help you do a better job and prepare you for senior management positions where financial awareness is crucial.

$ 126.90

Event Date: 15/02/2024 – 17/02/2024

Total:

More Dates

25/07/2024 – 27/07/2024

Price: $ 126.90

14/11/2024 – 16/11/2024

Price: $ 126.90

Course Contents

MODULE ONE

Accounting & Finance Terms and  Usage

  • Debit and Credit Explained
  • An Introduction to Profit & Loss (Income) Statement
  • Revenue
  • Cost
  • Gross surplus
  • Expenses
  • Overheads
  • Accruals
  • Prepayments
  • Debt management
  • Depreciation.
  • Financial prudence.

MODULE TWO

Financial Statement & Management

  • Understanding the Balance Sheets and Published Accounts
  • Define Balance Sheet
  • The funding side
  • The investment side
  • Format of the Balance Sheet
  • Asset
  • Fixed
  • Current
  • Capital employed
  • Liabilities
  • Working capital
  • Prudent reserves.

MODULE THREE

Managing Cashflows and Others

  • Bank Balances and Cash Management
  • Distinctions Between Profit and Cash
  • Cash flow and its Forecast
  • Management of Working Capital
  • Debtors and Creditors
  • Stock and Inventory Turnover
  • Petty Cash Management
  • Tracking small cash expenses
  • The float or imprest
  • Petty Cash Book and its entries
  • Minimising fraud.
  • Reconciliation
  • How the organisation statements often vary from cash book balances
  • Unpresented cheques
  • Uncredited cheques
  • Errors and omissions.

MODULE FOUR

Financial Ratios & Investment

  • Understanding Accounting Ratios and Investment Decisions
  • How Ratios are Employed
  • Liquidity ratios
  • Current ratios
  • Acid ratio
  • Current assets and liabilities
  • Improving liquidity ratios.
  • Interpreting Ratios
  • Profit to Turnover
  • Return on Capital Employed
  • Stock Turn
  • Days Sales Outstanding
  • Gearing.

MODULE FIVE

Managing Costs & Payables

  • Control of Costs
  • Overhead costs
  • Variable costs
  • Pricing Decisions
  • Budgeting
  • Sales Budget
  • Profit Budget
  • Capital Expenditure Budget
  • Taxation
  • Principles of taxation
  • What tax means
  • Types of taxes
  • Incidence of tax
  • Tax Avoidance and Tax Evasion
  • Who benefits from tax
  • Tax Planning
  • Accounts and Finance Knowledge for Management Effectiveness:
  • Judiciously spending and accounting for entrusted funds
  • Generating reports on simple financial dealings
  • Following guidelines and due process in handling business funds
  • Identifying and checking fraud through internal control procedures
  • Reading the progress of the organization to develop the right strategies.

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