Centre for Continuing Education

Finance Course for the Non-Financial Manager

Finance. Boost your financial know-how.

Manage finance the smart way with Finance courses at the University of Sydney.

This finance course is designed for managers and other professionals who need an understanding of the financial drivers of business. This short course is for participants who require financial management skills and knowledge as part of their role (non-financial managers).

This course provides an introduction to the concepts underlying external financial accounting and internal management accounting. You will be introduced to the skills necessary to prepare, interpret and analyse financial statements, including balance sheet, profit and loss statements. You will gain an insight into how your business decisions impact the financial reports of your company.

In this finance short course we will also cover budgeting, costing and key performance indicators, and clarify the often misunderstood area of accrual accounting.

Aims

This course will enable you to:

  1. Utilise key financial terms and concepts.
  2. Analyse the 3 key financial statements – Profit & Loss, Balance Sheet and Cash Flow Statement.
  3. Forecast and prepare budgets.
  4. Calculate financial ratios for evaluating the health of the organisation.
  5. Calculate variances and recommend corrective action for achieving a budget.

Outcomes

Upon successful completion of this finance course, participants should be able to:

  1. Recognise why accrual accounting is commonly used in business.
  2. Appreciate the rationale for depreciation and amortisation of assets.
  3. Interpret a Profit and Loss Statement, Balance Sheet and Cash Flow Statement.
  4. Assess the financial health of a business using financial ratios.
  5. Prepare forecasts and set budgets for sales, costs and expenses using a range of methods.
  6. Calculate variances and recommend corrective action for achieving a budget.

Content

Financial terminology and concepts

  • Income and expenses
  • Assets, liabilities and equity

The Basis for Accrual Accounting

  • Accrual accounting versus cash accounting
  • End of period recording of accruals and prepayments

Financial management of assets

  • Use of depreciation
  • Difference between depreciation and amortisation

Financial statements

  • Interpretation of P&L, Balance Sheet and Cash Flow Statement
  • Calculation of key financial ratios
  • Interpretation of the health of a business using financial ratios

Financial forecasting

  • Use of history, market conditions and the Delphi method
  • Forecasting for sales, costs and expenses

Budgeting

  • Budgeting for an organisation
  • Defining and budgeting or profit centre, cost centres and for projects

Calculating and acting on variances

  • How to calculate a variance
  • Correcting for unfavourable variances
  • Generating an estimate of likely performance compared to the budget

Intended Audience

This finance course is suitable for managers, team leaders, board members or individuals from a non-financial background who wish to develop their competencies for understanding their organisation’s financial statements and structures.

Course examples will be provided to cater for attendees from all sectors – Commercial, Not-for-Profit and Government – indeed the course is designed to meet the needs of anyone who needs to interpret financial data in a work or board setting to assist with their decision-making.

Delivery Style

This finance training course will be delivered as an interactive workshop, which includes lectures, group exercises and discussion.

Features

  • Expert trainers
  • Central locations
  • Small class sizes
  • Free, expert advice
  • Student materials – yours to keep
  • Statement of completion

What others say.

  • This course gave me an overview of financial terminology, basic accounting tools and an understanding of what to look for on financial reports.

  • The course explained financial reports, ratios and accrual accounting in a clear way. We also learned some great cost effective ways to do things in business. The tutor was great at teaching us why certain things looked the way they do in financial reports, and the exercises allowed our newly learnt information to sink in.

  • Very knowledgable tutor. Great use of practical examples for application. Made what could be quite a dry topic, very engaging.

  • Great catering and venue! The presenter brought great honesty, experience and professionalism to my learning experience. Exceeded all expectations.

  • This course took the mystery out of financial reports. Well done!

  • Really great content and well presented.

  • Coming from a non-financial background, this course has given me the confidence to tackle reports, that until today baffled me as to their relevance.

  • The presenter is an excellent educator and clearly has commercial acumen in the finance field. The delivery was great and for someone to be able to make a somewhat heavy topic enjoyable was very much appreciated. The venue was excellent and your organisation is to be praised for making available classroom delivery in this type of educational format.

  • Great course, engaging tutor, good location, am looking up other courses already!

  • Excellent tutor – one of the best I have come across – managed to keep you engaged right up until 5pm despite the content, which under a different tutor could have been incredibly dry.

  • Perfect for a one-day crash course or as a general finance/accounting refresher. Would highly recommend it.

  • I would like to thank The University of Sydney for organising this course and also a big thanks to the presenter for the great lesson and effort put into this course.

  • The course was delivered in an interesting and educational manner. Ample time for interaction.

  • The course content was as I expected and the tutor was flexible in allowing us to focus on areas that were of strongest interest to the attendees.

  • A great, straight to the point course. It’s like a concentrated version of what you need to know. I am a big fan!

  • The course was fantastic, and the facilitator did really well to keep the class interested/motivated.

$478 Limited GST free
Finance Course for the Non-Financial Manager

<p>{block name:“Course Tagline - Finance”}</p><p>This finance course is designed for managers and other professionals who need an understanding of the financial drivers of business. This short course

...
$526 Limited GST free
Finance Course for the Non-Financial Manager

<p>{block name:“Course Tagline - Finance”}</p><p>This finance course is designed for managers and other professionals who need an understanding of the financial drivers of business. This short course

...
$526 Limited GST free
Finance Course for the Non-Financial Manager

<p>{block name:“Course Tagline - Finance”}</p><p>This finance course is designed for managers and other professionals who need an understanding of the financial drivers of business. This short course

...
$526 Limited GST free
Finance Course for the Non-Financial Manager

<p>{block name:“Course Tagline - Finance”}</p><p>This finance course is designed for managers and other professionals who need an understanding of the financial drivers of business. This short course

...
$526 Limited GST free
Finance Course for the Non-Financial Manager

<p>{block name:“Course Tagline - Finance”}</p><p>This finance course is designed for managers and other professionals who need an understanding of the financial drivers of business. This short course

...
$526 Limited GST free
Finance Course for the Non-Financial Manager

<p>{block name:“Course Tagline - Finance”}</p><p>This finance course is designed for managers and other professionals who need an understanding of the financial drivers of business. This short course

...
$526 Limited GST free
Finance Course for the Non-Financial Manager

<p>{block name:“Course Tagline - Finance”}</p><p>This finance course is designed for managers and other professionals who need an understanding of the financial drivers of business. This short course

...
$478 Limited GST free
Finance Course for the Non-Financial Manager

<p>{block name:“Course Tagline - Finance”}</p><p>This finance course is designed for managers and other professionals who need an understanding of the financial drivers of business. This short course

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