Accredited courses from leading Australian universities, TAFEs and colleges
Finance for Non-Finance Managers
About the Course
Career Outcome
Fees
About the Course
The course “Finance for Non-Finance Managers,” offered by the Australian Institute of Management Education and Training, is designed to equip professionals with essential financial knowledge and skills. This course focuses on demystifying financial concepts, enabling participants to understand financial statements, budgeting, and financial analysis. By bridging the gap between finance and management, it empowers individuals to make informed decisions that positively impact their organisations.
Throughout the course, participants will explore key learning areas such as interpreting financial reports, understanding cash flow management, and applying financial principles to strategic planning. The curriculum is tailored for those who may not have a formal finance background but wish to enhance their managerial capabilities. This practical approach ensures that learners can apply their newfound knowledge directly to their roles, fostering greater confidence in financial discussions and decision-making.
With a focus on real-world applications and interactive learning, this course stands out as a valuable opportunity for professionals seeking to elevate their understanding of finance within a managerial context. Enquire to learn more.
What you’ll need
What you’ll need
If you’re a manager with responsibility for planning, managing and reporting on budgets and financial indicators, or you wish to deepen your knowledge of business finance, this Finance for Non-Finance Managers course is ideal for you.
Subject summary
Subject summary
In this Finance for Non-Finance Managers short course from Australian Institute of Management (AIM), the subjects you may study include:
Workshop Overview – Session 1
- What Do We Mean by “Finance”?
- Language of Finance
- Financial Management Cycle
- Financial Statements
- Standards
- Assumptions, Estimates, and Disclosures
- Statement of Financial Position
- Statement of Profit and Loss and Other Comprehensive Income
- Statement of Changes in Equity
- Statement of Cash Flows
- Relationship Between Statements
- Impact of Transactions on Financial Statements
- Financial Analysis and Tools
- Reviewing Financial Performance
- Revenue and Cost Behaviour
- Contribution Margin
- Breakeven Analysis
- Managing Costs
- Discussion: Worked Example
- Summary and Close
Workshop Overview – Session 2
- Welcome Back and Review
- Recap of key learnings
- Establish Budgets
- Capital Expenditure Budget
- Present Value
- Net Present Value
- Profit and Loss Budget
- Cash Flow Budget
- Financing Options
- Implement and Monitor the Budget
- Using Budgets to Monitor Performance
- Managing Cash Flow Against the Budget
- Managing Accounts Receivable
- Budget Variances
- Internal Controls
- Review Financial Performance
- Reporting Requirements
- Continuous Improvement
- Summary, Learning Journal and Close
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