13. August 2019 - 17:30
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Finance Course for Managers | Sydney Campus, ELI-229 Lecture Room | Tuesday, 13. August 2019

Develop your understanding of the functions of finance with our Finance courses in Sydney.Learn Finance with our Finance courses in Sydney - short courses open to everyone.This finance course for managers will equip you with a core set of financial skills to assist you in any organisation. In this finance course you will learn key financial terminology, an understanding of accounting and financial transactions and develop your ability to read and interpret financial statements. In particular in this finance course you will look at Profit & Loss Statements, Balance Sheets and Cash Flow Statements. Forecasting and budgeting principles will be explained in this finance course as you are guided through practical accounting and finance exercises. This finance training will build your overall financial acumen enabling you to make more informed and astute financial decisions. Moreover you will be better placed to take corrective action when unfavourable exceptions and variances arise.For those looking for a concentrated course on Forecasting and Budgeting, you may be interested in our Forecasting and Budgeting Course.Learning OutcomesAt the completion of this finance course for managers you will:Understand the tools needed for guiding an organisation financially.Know how to make financial decisions by accurately interpreting financial data and financial reports.Use financial ratios and variance analysis for guiding an organisation forward.Construct alternative financial scenarios to assist with your decision-making.Recognise the importance of, and gain the skills necessary to produce realistic forecasts and budgets.Understand the importance of cash flow in management decision-making.Read and analyse a set of company accounts.Make business decisions by analysing financial information.Course ContentThis finance course for managers will cover the following content:Fundamentals of AccountingThe Accounting Equation.The accounting flow.Accounts and the General Ledger.Debit and Credits.Accrual Accounting Vs Cash Based Accounting.Capital Expenditure.Difference between depreciation and amortisation.Statutory reporting.Measuring and Reporting Financial PositionAssets, Liabilities, Equity – Measuring and Reporting Financial PerformanceHow the Profit & Loss (P&L) statement is used to calculate profit, EBIT, EBITDA.Measuring and Reporting Cash FlowsCalculating the level of liquidity of a firm over a nominated trading period.Analysis and Interpretation of Financial StatementsDetermining the well-being of an organisation.Financial decision-making.Calculating financial ratiosProfitability ratios.Liquidity ratios.Solvency ratios.Determining the best financial ratios to use in your business decision-makingFinancial risk appetite.Margin analysis.Return on Equity.Current versus acid ratio.The more commonly used forecasting techniquesHistorical forecasting.Forecasting based on market conditions.The Delphi Method.Setting budgets.How to set a budget for a cost centre, profit centre, department and an organisation overallDistinction between Profit Centre and Cost Centre.Working in teams to achieve profit and cost centre budgets.Analysis of variances and taking corrective actionCalculating variances.Interpreting variances.Using variance analysis to assist in achieving budget.Intended AudienceThis finance course for managers is suitable for aspiring managers, organisational leaders and executives who do not have a background in accounting and financial management. This finance training has been designed for non financial managers who are looking to better understand their organisation’s financial statements and structures. This financial training course will improve your financial decision-making and will help you achieve stronger financial results.Delivery StyleThis finance course will be delivered as an interactive workshop consisting of an instructor-led lecture, group and individual activities including case studies and real world examples. This training approach allows participants to work through concepts introduced by the instructor in an application-focused teaching environment. Participants will challenge their understanding of the concepts and consider their application once back in their individual workplace.Course PrerequisitesThis finance course has no prerequisites and is open to all members of the public.Alternative DatesAdditional instances of this course may be available and published on our website. See Finance Course for Managers for more information, or to join the waiting list and be advised when we schedule more.SessionsThis event is comprised of multiple sessions. Registered participants are expected to attend all scheduled times.Tue 13 Aug 2019 5:30PM - 9:00PMELI-229 Lecture Room, Sydney CampusTue 20 Aug 2019 5:30PM - 9:00PMELI-229 Lecture Room, Sydney Campus