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Financial Management and Management Accounting

Today’s managers need to be more aware of the financial aspects of the organisations for which they work. Managers who do not have to manage a budget or finances themselves, need to understand the key aspects of the financials of the organisation, and the impact of their actions on the organisation’s financial success.

This course will provide you with key information required to understand the financials of an organisation – focusing on what all of the financial statements of an organisation mean from a non-finance point of view.

This course will benefit managers and individuals who have little or no financial or accountancy training and require financial and accounting knowledge and skills to manage their business areas more efficiently and effectively.

Exit Level Outcomes

Upon completing this course, you should be able to:


Examine finance management and accounting terminology and concepts and key management accounting tools and techniques

Conduct financial analysis and forecasting

Manage working capital

Calculate risk and return on investment

Develop and successfully manage a budget, cash-flow projections and variance analysis

Develop and interpret financial management reports such as income and expenditure statements, budget, cash-flow projection, variance analysis and balance sheet

Critically assess key processes and principles of successful contracts and tender management in relation to the procurement management process

Plan and align finances with departmental projects, programmes and policies

Examine concepts of financial decentralisation, delegation and cost-centre development

Evaluate models to manage organisational financial management success and failure factors

Certification


A Certificate of Competence will be awarded to all participants who successfully submit and pass their assignments, and exams*

A Certificate of Completion will be awarded to all who successfully submit and pass their assignments

A Certificate of Attendance will be awarded to all who attended the training session

On successful completion of this short learning programme, the participant may be considered for exemption from the equivalent course in the respective qualification, provided that he or she meets qualification entrance criteria. Exemption fees may apply.

Duration

3-day course contact time including facilitation and group activities

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Financial Management and Management Accounting