Finance for the Non-Financial Manager
Designed for managers and other professionals who need an understanding of the financial drivers of business, this course provides an introduction to the concepts underlying external financial accounting and internal management accounting. You’ll be introduced to the skills necessary to prepare, interpret and analyse financial statements, and will gain an insight into how your business decisions impact the financial reports of your company. We’ll also cover budgeting, costing and key performance indicators, and clarify the often misunderstood area of accrual accounting.
Course Content
Understanding the workings of finance
- How finance operates within an organisation
- Examining the nature and purpose of financial statements, annual reports and management reports
Financial and accounting fundamentals
- Balance sheet and profit and loss account
- Understanding accounting terminology
- Key accounting concepts: General ledger and trial balance; Income and expenditure; Assets and liabilities
Accrual accounting in practice
- What is accrual accounting?
- Depreciation
- Amortisation
- Prepayments
Learn how to read financial statements
- What can you discover about your company – and your competitors?
- Understanding how financial statements are related
- What can you learn from the Financial Review?
Introducing financial ratios
- Learning to use the tools of the trade
- Profitability and efficiency
- Working capital and liquidity
- Share prices, dividends and gearing
- Identifying strengths and weaknesses of real companies
Managing cash
- Understanding cash flow statements
- Identifying the working capital requirements of your business
Management accounting
- Costing principles
- Direct vs indirect costs
- Fixed and variable costs
Costing and pricing
- How costs impact your business
- Break-even analysis
- Balancing price and volume
Budgeting and forecasting
- Making strategic decisions
- Using financial reports to predict future performance
- Identifying key information for business planning
Course Outcomes
By the end of the day, participants will be able to:
- Calculate the effects of transactions on the accounting equation
- Analyse the effects of accounting method choice on the financial statements
- Prepare classified financial statements
- Calculate and analyse financial ratios
- Locate and analyse annual reports
- Understand key performance indicators, management accounting the importance of budgeting and forecasting.
Centre for Continuing Education
Directions
Centre for Continuing Education
160 Missenden Road
Newtown
2042
Centre for Continuing Education
Directions
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Public Transport
For public transport information visit 131500.com.au or phone TransportInfo on 131500.
Other Information
Secure Parking is available through the RPAH Medical Centre located on the corner of Missenden Road and Carillon Avenue (entry to the car park is via Elizabeth Street, off Carillion Avenue). Parking is available on weekdays only between the hours of 7:00AM – 7:00PM at a rate of $38/day or $9/day after validating your ticket at CCE’s reception. All CCE participants who validate their tickets at reception are required to park their vehicles on Level B3. If the validated ticket does not register in the car park’s ticketing machine, cancel the transaction then reinsert your ticket into the ticketing machine until the $9 fee appears.
Parking costs and parking arrangements for University of Sydney facilities are available here.
