In a nutshell
Managers and leaders who have an understanding of their organisation’s financial position feel more confident in their business decision-making. This Finance for Non-Finance Managers short course from Australian Institute of Management (AIM) Education and Training introduces all aspects of financial management, from planning through to budget review and reporting on financial outcomes.
This concise course serves as a practical guide, imparting essential skills for analysing financial data and fostering a comprehensive understanding of financial performance. Participants will gain the knowledge necessary to make well-informed fiscal decisions by exploring all facets of financial management, spanning from planning to budget review and reporting on financial outcomes. From financial statements and standards, to implementing and monitoring budgets and managing cash-flow, you will cover over 30 well-structured topics that will enable you to tackle your business finances with confidence.
This is a high-intensity two-day course that can be taken at one of our campuses in Sydney, Melbourne, Brisbane, Adelaide or Canberra, or can be taken online through a virtual workshop.
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.
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
- 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?
AIM provides students with practical qualifications that certify their skills and advances their careers. Each qualification is delivered through a blend of practical exercises and evaluative tools, and with no exams to study for; students can focus on completing assessments that have real world application. With the choice to study online or on campus, studying with AIM means you can maintain your work-life balance while building your future career.
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).
AIM (RTO 0049) prides itself on delivering holistic, comprehensive qualifications, that helps you fast-track your career whilst gaining official certification of your skills. Whether you prefer online learning or face-to-face classes, AIM offers both options.
The online virtual campus, MyAIM allows students to work through the online modules at their own pace, connect with other students and receive online learning support from AIM’s Student Support and Coaching Services teams.
This course can be delivered on campus to provide you with practical training in a face-to-face learning environment. It is available to study at the following locations: