Course Details

 

Finance Fundamentals for Senior Managers

Day course was developed specifically for non-financial, senior decision-makers in South African organisations. It aims to provide these senior managers with a practical appreciation and applied understanding of the financial decision-making tools.

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Finance Fundamentals for Senior Managers

The success of any business is measured by its financial results. It is crucial that all senior managers are fully aware of the impact that their decisions will have on the financial situation of their division and company.

This intensive 3-day course is aimed specifically at non-financial, senior decision-makers in South African organisations. The course focuses on the financial aspects of profitable enterprise management.

Course Outline

Interpreting financial statements

  • Understanding the difference between finance and accounting
  • Learning what the company accounts tell you about your business - and what they don't
  • Analysing the balance sheet, income statement and cash flow statement in depth

Understanding corporate taxation and its consequences

  • Learning how corporate tax is calculated
  • Differentiating between reported and taxable profit
  • Identifying the impact of corporate taxation on your cashflow
  • Learning how to time financial decisions for maximum tax benefit

Using financial analysis to monitor company performance

  • Understanding financial relationships
  • Interpreting financial information
  • Evaluating the significance of and using trends and ratios to analyse financial reports

Identifying growth opportunities through financial analysis

  • Interpreting your company's past performance
  • Recognising opportunities for improvement within your company

Evaluating your company's financial structure

  • Assessing various long and short term sources of finance
  • Identifying the pros and cons of debt and equity
  • Understanding gearing and leverage
  • Evaluating the trade-off between risk and return on investment
  • Determining the actual cost of capital

Taking a closer look at the concept of valuation

  • Understanding value and its relationship with the past and the future
  • Distinguishing between real and perceived value: net asset value and market value
  • Comparing tangible and intangible value: intellectual property and capital
  • Assessing the pros and cons of the various valuation techniques

Making informed investment decisions

  • Differentiating between funding and investment decisions
  • Using proven techniques to appraise investment opportunities correctly
  • Evaluating the available options, possible risks and benefits of investment alternatives

Assessing and managing performance

  • Understanding the relationship between strategy and budgeting
  • Analysing past performance, recognising opportunities and planning for future improvement
  • Investigating financial performance measurement techniques

Who should attend?

This course will be of benefit to all senior managers who wish to improve their knowledge of financial management.

 

 

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