For a manager to be effective, he/she needs to have a working knowledge and good understanding of the basic principles of accounts, finance and their applications, and how they affect business performance. This course transforms financial and accounting language and concepts into decision-making tools which the non-financial manager can acquire and use successfully every day, in interacting with the finance, budget and planning functions of an organization. Participants will be equipped with the conceptual and practical applications of tools that will assist in making strategic decisions and constructive liaising with accounting/financial experts in achieving departmental functions and organizational goals and objectives.
KEY LEARNING OUTCOMES
At the end of the course, the participants should be able to:
- Translate plans into budgets and appreciate the impact of budgeting and budgetary control
- Prepare financial accounts and reports
- Manage resources and budgets efficiently
- Sustain good financial practice.
- Explain the financial strategy issues that affect functions and departments in organizations.
- Undertake the financial analysis of an organization and interpret the results in the context of making appropriate decisions.
- Make valid contributions to the process of forecasting and corporate planning
- Understand how organizations measure performance internally and its effects on other operational issues within the organization.
- Introduction to Accounting
- The Balance Sheet
- The Income Statement
- Statement of Cash Flows and Shareholders’ Equity
- Financial Analysis
- Planning and Financing the Business
This is intended for professionals with limited knowledge of accounting and finance.