An Introduction to Finance and Accounting

This introductory 2-day course is designed to simplify finance and accounting for non-financial professionals. It clarifies the distinction and relationship that exists between these two disciplines. While the course is hardly concerned with accounting entries or balancing T-accounts, it places emphasis on simplifying three key financial statements: the balance sheet, income statement and cashflow statement. The delegate will be able to make practical business decisions that are informed by financial data, and to understand related concepts such as budgeting and capital expenditure.

Certificate

On Completion

CPD Points

On Completion (optional)

All

Skill Level suited for

14h

Course Duration

English

LANGUAGE Course presented in

Full Day Virtual Course

26 - 27 September 2022
08:30am - 16:30pm (CAT)
Live Zoom Webinar
ZAR 2499 Per Delegate
  • 14 Hours of Live Interactive Webinar Training via ZOOM
  • Certificate of Completion to add to your portfolio for prospecting companies
  • Recordings of each completed live session for review (3 Month Access)
  • 1 Free self-paced course with CPD points (optional)
  • Course Material and handouts

Evening Virtual Split Course

26 - 28 September 2022
19:00pm - 22:00pm (CAT)
Live Zoom Webinar
ZAR 2499 Per Delegate
  • 14 Hours of Live Interactive Webinar Training via ZOOM
  • Certificate of Completion to add to your portfolio for prospecting companies
  • Recordings of each completed live session for review (3 Month Access)
  • 1 Free self-paced course with CPD points (optional)
  • Course Material and handouts
Popular

Live Classroom Course

26 - 27 September 2022
08:30am - 16:30pm (CAT)
Instructor-led Classroom Course (Johannesburg - Protea Hotel Midrand)
ZAR 5499 Per Delegate
  • 14 Hours of Live Interactive in Person Training in Johannesburg
  • Certificate of Completion to add to your portfolio for prospecting companies
  • Meals, refreshments, snacks to be provided at hotel (included in cost)
  • 1 Free self-paced course with CPD points (optional)
  • Course Material and handouts
IN PERSON

Course Overview

This introductory 2-day course is designed to simplify finance and accounting for non-financial professionals. It clarifies the distinction and relationship that exists between these two disciplines. While the course is hardly concerned with accounting entries or balancing T-accounts, it places emphasis on simplifying three key financial statements: the balance sheet, income statement and cashflow statement. The delegate will be able to make practical business decisions that are informed by financial data, and to understand related concepts such as budgeting and capital expenditure.

It is commonplace in many organisations that professionals whose roles fall outside the scope of finance and accounting cannot interpret financial statements. These non-financial professionals may not fully understand how financial reporting correlates with their respective departments or to overall business performance. They are likely to sit in meetings where numbers mean little to them. They tend to view monetary concepts as either too complex or somewhat distant from their business functions, which often results in siloing.

On completion of this course – You will be able to

  • The crucial purpose of and relationship between finance and accounting
  • Key terms of reference that are used in finance and accounting, and financial responsibilities of financial and non-financial managers
  • The structure and content of the balance sheet (statement of financial position), the income statement (statement of financial performance) and cashflow statement
  • Analysing financial statements at a quick glance and by calculating various profitability, liquidity, working capital and return on investment (ROI) ratios
  • Interpreting the results of ratios and inferring business decisions based on them
  • Budgeting and variance analyses as part of forecasting and expenditure control
  • A comparative analysis between capital expenditure with and alternative investment instruments.

completing this course will help you

  • The crucial purpose of and relationship between finance and accounting
  • Key terms of reference that are used in finance and accounting, and financial responsibilities of financial and non-financial managers
  • The structure and content of the balance sheet (statement of financial position), the income statement (statement of financial performance) and cashflow statement
  • Analysing financial statements at a quick glance and by calculating various profitability, liquidity, working capital and return on investment (ROI) ratios
  • Interpreting the results of ratios and inferring business decisions based on them
  • Budgeting and variance analyses as part of forecasting and expenditure control
  • A comparative analysis between capital expenditure with and alternative investment instruments.

Who is this course for?

Non-financial professionals at all organisational levels.

course Outline

Click on the Chapters to expand for more details.

  • Introducing financial management versus accounting: Definitions of finance and accounting; fundamentals of financial management; key accounting concepts in the context of financial management
  • Terms of reference and key financial responsibilities: terms used in finance and accounting; the comparative responsibilities of financial and non-financial managers; why non-financial managers should understand finance and accounting; financial management as a strategic business tool
  • Annual Financial Statements: the structure and content of the balance sheet (statement of financial position), the income statement (statement of financial performance) and cashflow statement.
  • Why ‘financing’ strategy works: Understanding how investors can make decisions at a quick glance of financial statements; introducing profitability, liquidity, working capital and return on investment (ROI) ratios; comparative ratio analysis as a decision-making tool
  • Budgeting: Correlating budgeting and financial reporting theory; budgeted financial statements in practice; budgeting methods; types of budgets; variance analysis as part of forecasting; and expenditure control to align budget estimates with actual incomes and expenditures
  • Converting liquidity to capital: managing working capital better; managing trade and other receivables and implementing effective credit control systems; a comparative analysis of capital expenditure and alternative investment instruments.

Meet the Instructor

Tafadzwa Taruvinga

A seasoned facilitator with solid on-site and online training experience who has successfully
delivered 30+ accredited courses to 2500+ South Africans within 250+ private and public
sector institutions in 6 years.

Education & Professional Development

  • Master of Arts in Creative Writing, University of the Witwatersrand (Wits), 2021 – 2022
  • B.Com Degree in Economics and Management, Rhodes University, South Africa, 2008
  • Professional Diploma in Marketing, Chartered Institute of Marketing, UK, 2009
  • Certificate of Internship, Afrika Kommt Fellowship Award, GIZ Germany, 2012
  • Certificate in Organisational Behaviour, Edinburgh Business School, UK, 2015
  • Application for Assessor registration with the Services SETA pending since May 2022
  • Application for Moderator registration with the Services SETA pending since May 2022.

Register for the course

Please take note. Should your selected course option not meet the selected minimum delegate requirements (10) as per terms and conditions , You will be notified and rescheduled to the next available course date or alternatively, you can choose to moved to one of the other sessions options.

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