Finance for Non-Finance Managers

Overview

Improving business performance requires an understanding of the components of profit and value. This practical guide to analysing financial information will provide managers and business owners with effective financial skills to enable them to improve the financial performance of their business.

Finance for Non-Finance Managers is designed for:

• people who wish to have a general understanding of business finance which will enable them to improve the profits and value of their business, including:
  • managers
  • senior executives
  • business owners

Content

• improving business profit and value
• understanding financial statements
• analysing financial statements to improve business performance
• analysing revenue and costs
• financial analysis of business decisions
• capital investment evaluation and decisions
• return on investment
• cash management.

Learning Outcomes

• identify the key features of financial reports
• interpret financial statements to determine where management attention should be directed
• determine actions which will improve financial performance
• identify the important financial principles of business development
• determine from set options, financial strategies and their impact
• identify the important factors in capital investment decisions.

Units of competency

• BSBFIM501A Manage budgets and financial plans
• BSBFIM601A Manage finances

Duration
2 days