SpecCon Holdings Logo

SpecCon Holdings

Services SETA Qualifications

Professional Development

Finance for Non-Financial Managers

Where strategy meets structure, financial fluency becomes the lens through which a unit's performance is measured and managed.

2-3
Days Duration
7
Units
✓
Certificate
Book This Training
Finance training session

Course Overview

Essential financial skills for effective business management

Course Description

This course equips managers with the essential tools and insights needed to oversee the financial operations of a business unit. Learners will explore the accounting cycle, interpret financial reports, and apply key ratios to evaluate performance.

Emphasis is placed on forecasting, budgeting, and aligning financial planning with strategic objectives, ensuring responsible expenditure management and data-driven decision-making across the unit.

Course Content

Unit 1: What is finance?

  • • "What is finance?" and the basic elements of an income and expenditure statement

Unit 2: The basic elements of an income statement

  • • The basic elements of an income statement

Unit 3: Basic elements of a balance sheet

  • • Basic elements of a balance sheet
  • • Concept of an asset
  • • Concept of a liability
  • • Comparing and evaluating balance sheets
  • • Ratios

Unit 4: Compile a personal asset and liability statement

  • • Compile a personal asset and liability statement

Unit 5: Making financial decisions using financial statements

  • • Making financial decisions using financial statements
  • • Cash flow and liquidity

Unit 6: The accounting cycle

  • • The accounting cycle

Unit 7: Management reports and month-ends

  • • Management reports and month-end processes

Financial Analysis

Learn to interpret financial statements and make data-driven decisions.

Budget Management

Master budgeting and forecasting for effective financial planning.

Performance Evaluation

Use financial ratios and metrics to evaluate business performance.

Who Should Attend

Non-Financial Managers

Managers without formal financial training who need to understand financial concepts

Department Heads

Leaders responsible for departmental budgets and financial performance

Project Managers

Project leaders who need to manage budgets and understand financial implications

Business Owners

Entrepreneurs wanting to understand their business financials better

Key Learning Outcomes

Financial Understanding

  • Understand income statements and balance sheets
  • Interpret financial ratios and metrics
  • Analyze cash flow and liquidity

Practical Application

  • Make informed financial decisions
  • Manage budgets effectively
  • Evaluate business performance

Ready to Master Financial Management?

Enhance your management skills with essential financial knowledge for effective business decision-making.

Schedule Training Back to Professional Development