Business

Finance For Non-Financial Managers

Course Fee R999.00

What is this course about?

This course includes:

  • The sources and applications of funds in a business
  • The meaning and importance of working capital
  • Reading and interpreting a Statement of Comprehensive Income
  • Reading and interpreting a Statement of Financial Position
  • The importance of cash flow, and factors that impact positively and negatively on cash flow
  • The application of ratio’s / ratio analysis in evaluating financial statements
  • Budgeting as a managerial function, the advantages and limitations of budgets

This course is based on the premise that the business’ accountants are the “score-keepers” and all other “players” in the business are the “score-makers” i.e. their actions impact positively or negatively on profit, also known as the “bottom line”.

Who should be doing this course?

Money talks.  It is the lifeblood of every business and there is a limited amount of it in circulation. It buys resources for the business to function. Mismanage these resources and you are literally wasting money. Everything you do have financial consequences.

You didn’t advance to this level only to be held back by weak financial skills.  Can you demonstrate your value and your return on investment to your boss? Are you able to interpret financial reports and propose changes for accelerating the growth and profitability of the business?  Can you make sound financial decisions and draft an accurate budget to justify your ideas in rands and cents?

Non-financial managers increasingly need to understand how finance and accounting affect their business decisions. In this course you will learn how to use financial accounting information to make better decisions as a manager. It will help you gain a fundamental understanding of your company's assets, liabilities, capital needs, cash flows and profitability.

Learning outcomes

After completing this course, you should be able to:

  • Discuss the sources and applications of funds in a business.
  • Discuss the money machine in respect of the inflows and outflows of money.
  • Explain the meaning and importance of working capital.
  • Explain the term current liabilities.
  • Explain what is meant by working capital.
  • Explain what is meant by the Money Machine.
  • Read and discuss a Statement of Comprehensive Income.
  • Read and discuss a Statement of Financial Position.
  • Discuss the importance of Cash Flow.
  • Interpret a projected Cash Flow statement.
  • Discuss the relationship between Working Capital and Cash Flow.
  • Interpret ratios in evaluating Financial Statements.
  • Discuss budgeting as a Managerial Function.

How is your course mark calculated?

Your course mark is calculated using the average mark obtained in each of the Chapter tests. In order to pass this course, you must obtain a final course mark of at least 50%. This means that even if you fail a few of the chapter tests, if your test marks in the other chapter tests are high enough you will still be able to pass the course. Good Luck! 

Study at your own pace!

We’ve created our courses to suit your busy life! The duration of this course is based on a student guide where one 300 – 500 word article is read per day, and the assessment is done on a separate day after the relevant articles have been reviewed. But you can do the course in your own time and at your own pace. If you choose to do two readings per day, it will take you half of the estimated time, four readings per day means doing the course in a quarter of the time etc. We leave that decision up to you! 

In the 6 chapters of this course you'll be covering the following areas:

CHAPTER 1 The Flow of Money (Funds) in a Business
CHAPTER 2 Statement of Comprehensive Income
CHAPTER 3 The Statement of Financial Position
CHAPTER 4 Cash Flow
CHAPTER 5 Analysis and Interpretation of Financial Statements
CHAPTER 6 Budgeting
Thumbnail_sarel

Sarel Snyman

Educator

Sarel started his professional career in Human Resource Management and People Development. He then moved into Information Technology (IT) and pursued a successful career as Senior Business Analyst, Senior Project Manager, Client Account Manager and Programme Director. His experience includes Enterprise Resource Planning implementations, with the focus on SAP and Oracle environments.
Thumbnail_prof_wilfred_ukpere_web_(2)_green

Prof Wilfred Ukpere

Educator

Professor Wilfred Isioma Ukpere, obtained his Bachelor of Commerce (BCom) and Master of Commerce (MCom) from Punjabi University in Patiala, India. He further obtained another MCom (Business Administration) from Jiwaji University in Gwalior, India, and subsequently obtained his Doctorate in Human Resources Management from the Cape Peninsula University of Technology (CPUT) in Cape Town. Ukpere has more than 15 years of cognate industrial, academic and research experience. He has worked with the Radical Pharmaceutical Company in India, the Central Institute of Management in Ambala, the Central Bank of Nigeria in Abuja and at the Cape Peninsula University of Technology in Cape Town where he lectured and served as Head of Department: Entrepreneurship & Business Management. Wilfred is currently a Professor in the Department of Industrial Psychology and People Management at the University of Johannesburg. He contributes a strong theoretical approach in his research with most of his output centred on critiquing the impact of capitalism in the post-cold-war era, notably in the context of emerging economies. His referees consider him to be an established researcher in the field of people management and development, notably within the domain of globalisation and its impact on human resources management. He has authored three books, two book chapters, 28 conference proceedings and more than 170 articles in ISI, IBSS and DoE accredited Journals. He is a National Research Foundation (NRF) rated researcher, and has received numerous research related awards in recognition of his research contributions from CPUT, UJ, the NRF and Iona College in the USA. He serves on the Research Committee of the Human Resources Research Initiative of SA’s Board of People Practices. He also acts as an external examiner for postgraduates and as external moderator for several universities. He has been a visiting academic to several international institutions such as Punjabi University in Patiala, India, Spiru Haret University in Romania, the University of Cologne in Germany, the University of Port Harcourt, the University of Benin, the University of Lagos and Covenant University in Ota. He served as a scientific reviewer for several academic journals and international conferences. He is an Editorial Advisory Board member for several academic journals, including the International Journal of Social Economics (Emerald Insight) and the Journal Communication (Kamla Raj). He is the Chief Editor of the Journal of Management and Technology, Editor in chief of the African Journal of Business Management, and previously, the co-editor of the South African Journal of Human Resources Management.

Not sure if this is the right course for you?

Let one of your career counselors help you make the right choice.

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