Finance for Non-Finance Managers
- Location
- ACT, NSW, SA, VIC
- Study Mode
- Classroom, On Campus, Online
- Awarded by
- Australian Institute of Management Education and Training (RTO: 0049)
- Qualification
- Short Courses
- Course Fee
- Price may vary
- Duration
- 2 Days
- Start Date
- Enquire now for upcoming start dates
- Payment Options
- Payment plan, Upfront payment
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 can I do after?
Upon successful completion of this Finance for Non-Finance Managers course from Australian Institute of Management Education and Training you’ll be able to: Analyse previous financial data to establish areas which have generated a profit or loss and establish critical initiatives that will require resources in the next financial cycle. Use previous financial data to determine allocations for resources, make informed estimates of new items for inclusion and prepare budgets in accordance with statutory requirements. Ensure the structure and format of financial reports are clear in order to identify significant issues and prepare recommendations to ensure the ongoing financial viability of your organisation.
Frequently Asked Questions
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
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
Why Australian Institute of Management Education and Training?
The Australian Institute of Management Education and Training (AIMET) is dedicated to providing students with practical qualifications that not only certify their skills but also advance their careers. With a focus on real-world application, AIMET delivers courses through a blend of practical exercises and evaluative tools, ensuring that students can engage meaningfully with their learning. Notably, there are no exams to study for, allowing students to concentrate on assessments that truly reflect their capabilities. AIMET offers the flexibility to study either online or on campus, making it easier for individuals to maintain a healthy work-life balance while pursuing their educational goals. As a registered Higher Education Provider, AIMET is committed to fostering professional growth and lifelong learning opportunities for all students. This supportive environment empowers learners to unlock their potential and build a successful future in their chosen fields. Australian Institute of Management Education and Training Pty Limited (RTO code 0049) (AIMET) is a registered Higher Education Provider listed on the national register, Provider ID: PRV12071. AIMET uses the brand name AIM with permission from the Australian Institute of Management (ABN 56 004 525 017).
