Managers (FNFM) at UKZN

The aim of the course is to provide people who are not trained financial specialists yet are required to or have an interest in, understanding and interpreting corporate financial information, with the necessary skills to do so.

The goal of the Finance for Non-Financial Managers program is to provide leaders and decision-makers who do not possess a strong grounding in finance, an understanding of how money works inside their organization and how money can be used in making decisions.

Are you in Sales and Marketing, Warehousing and Logistics, Engineering, Operations, Human Resources or perhaps in another non-financial management role? If so, this programme is for you! Finance for Non-Financial Managers (FNFM) is designed to develop financial literacy and create a better understanding of your contribution to strategic decision-making.

This programme aims to unscramble the conundrums of reading financial statements, capital budgeting, and the importance of cash flow. It will provide a more structured approach to sales and product forecasting, budgeting and measurement of performance against budgets. This programme will empower you, and give you confidence when communicating with accounting and finance professionals in your organization.

How you will benefit:

Speak the language of finance, understanding terms such as budgeting, forecasting, working capital, triple bottom line reporting, etc.

Engage with financial professionals and appreciate their points of view

Gain the ability to examine the financial health of an organization, identify problems and inefficiencies, and have an appreciation of how their resolution will improve financial performance

Get an insight into the drivers and measurement of cost

Acquire an understanding of key measurements of financial performance, including ROE, ROA, and EVA

Understand growth, cash flow, and profitability concepts

Develop the ability to construct a financial plan and establish its financial feasibility

Key focus areas:

Introduction to corporate finance

Budgeting and forecasting techniques

Financial statements, taxes, and cash flow management

Long-term financial planning and growth

Understanding the time value of money

Financial decision-making and working capital management

Making capital investment decisions

Project analysis and evaluation

Financial ratio analysis and interpretation

Financial risk management

Who should attend:

Sales and marketing professionals

Engineers

Warehousing and logistics supervisors/managers

Human resources professionals

Operations and administration personnel

Entrance requirements:

Matric and/or relevant industry experience

Applicant must have access to a reliable Internet line to complete required hours online

Duration:

3 days (interactive sessions with facilitators)

A full implementation plan to be communicated on registration

Recorded sessions will be available only for registered delegates for a limited period

Assessments are restricted and all social distancing measures are adhered to as per the DOH regulations

Learning Methodology:

Delegates attending the course are provided with a unique blended learning methodology that combines online access to subject content with real-time engagement with facilitators, and the opportunity to add value through contact learning sessions, where feasible and appropriate.

Start DateProgramme Fee
8th December 2021R7 380