finance for non financial managers - dmstraining.co.za · administrative professionals in all...
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Knowledge is Power
Tel: 0861 999 973 Fax: 086 675 7796 www.dmstraining.co.za
A SAQA registered qualification forAdministrative Professionals in all Services SectorsSAQA’S UNIT STANDARD ID 117156,NQF LEVEL 4, 4 CREDITS
FACILITATOR: Gerhard Visser
Finance for Non Financial Managers
Today’s working environment often requires individuals to broaden their skills and possess a working knowledge of business practices, principal amongst which is an appreciation of finance and accountancy. However, many individuals believe they have a mental block when it comes to figures and are consequently nervous of dealing with financial information.
This course takes the fear out of finance by removing the myths and explaining financial and accounting concepts in a manner that is straightforward and easy to grasp. By attending this course, delegates will establish a working knowledge of finance and develop a firm understanding of its role within their organisation. They will also learn how financial information and budgets are compiled, interpreted and used to make business decisions.
Furthermore, delegates will acquire the skills to run budgets, monitor department costs and assist in the preparation of financial information.
Course Objectives• Remove the myths and fears about finance and understand the jargon that surrounds many financial transactions.• Develop an understanding of the key finance and accounting terms and understand the concepts behind them.• Read, understand and interpret financial information, balance sheets, profit statements and annual reports.• Work more productively with colleagues from the finance department.• Prepare and monitor a budget.• Utilise financial tools as a means of monitoring performance and ensuring that budgets are met.• Appreciate the importance of reducing unnecessary costs and working towards increasedprofitability.• Assist in the preparation of financial information.
Course Designed For PAs, executive secretaries and office professionals who want to build their skills and understanding of finance. This course will benefit individuals with little or no prior understanding of business finance.
Introduction
Tel: 0861 999 973 | Fax: 086 675 7796 | www.dmstraining.co.za
See attached registration form for terms and conditions and varied pricing structure.
Course Outline• Finance at WorkThe nature of business; business goals; the importance of finance; money as a measurement toolThe implications of finance on your departmentTranslating financial jargon into plain English
• The Nature of AccountingFinance as a means of measuring performanceRecognising capital and revenue; devising capital and revenue statements to account for their use; the importance of this conceptA simple framework to enhance understanding of financial and managerial accounting
• Introduction to the Key Financial StatementsProfit and loss accountsThe balance sheet, cash flow and funds flow statementsReading an annual reportComparing theory with practice; producing a simple set of accounts
• Interpreting Financial InformationUnderstand the use of financial information as a management toolWhat the accounts are really telling usUnderstanding the bottom lineLearning about your competitors
• The Forecasting and Budgeting ProcessThe purpose of forecastsBudget: form and purposeThe different types of budgetPreparing and monitoring a budget
• CostsThe nature of costs (fixed and variable, direct and indirect)Standard costingOverheadsBreak-even analysis and marginal costing
• Working CapitalThe need for working capital and its role in the organisationManagement control in improving profitability
Personal DevelopmentFormulating a personal action plan
Introduction
Tel: 0861 999 973 | Fax: 086 675 7796 | www.dmstraining.co.za
See attached registration form for terms and conditions and varied pricing structure.
8:30 – 9:00
Welcome, Indtoductions, Ice Breakers and
Needs Analysis:
• What are financial statements?
The 4 modules of the learner guide will be
discussed.
• Income and expenditure statement
• Balance sheet
• Personal assets and liabilities statement
• Make financial decisions
9:00 – 10:00
Module 1 – Analysing the basic elements of an
Income and
expenditure statement
• The purposes of an income and expenditure
statement are explained and an indication is
given of how often these statements are
required
• Case Studies
• Sources of income and expenditure are
identified for three different types of financial
statements
• Sources of income and expenditure are
explained with reference to an income and
expenditure statement
• Three income and expenditure statements
are examined and evaluated in terms of
financial viability of the organisation
Financial statements
Income and expenditure statement
Class Activity 1: Income and expenditure
statements
Income and expenditure statement (cont.)
• Sources of income and expenditure
• Sources in the Income and expenditure
statement
Class Activity 2: Sources of income and
expenditure
Income and expenditure statement (cont.)
• Evaluate the financial viability
• Financial ratio analysis
• Liquidity ratios
• Profitability ratios
Class Activity 3: Financial viability
10:00-10:15 Tea/Coffee and Refreshments
10:15-12:30
Class Activity 4:
PoE Activity 1: Analyse the basic elements of an
income and expenditure statement
Debrief and Summary
12:30-13:15 Full Buffet Lunch
13:15-15:00 Module 2 – Balance sheet
• The purpose of a balance sheet
• A balance sheet is analysed and evaluated in
terms of equity or financial net worth
• The concept of an asset is explained and the
assets in a balance sheet are classified in
Day One
Tel: 0861 999 973 | Fax: 086 675 7796 | www.dmstraining.co.za
See attached registration form for terms and conditions and varied pricing structure.
terms of fixed and current assets
• The concept of a liability is explained and the
liabilities in a balance sheet are classified in
terms of long term and current liabilities
• Balance sheets for an entity are compared
and evaluated in terms of performance over
two years and a decision is made based on
evidence in the balance sheet
Balance sheet
• Introduction
• Accounting equation
• Purpose
Class Activity 5: Balance sheet
Balance sheet (cont.)
• Equity / financial net worth
Class Activity 6: Equity / financial net worth
Balance sheet (cont.)
• Assets in the balance sheet
Class Activity 7: Assets
Balance sheet (cont.)
• Liabilities in the balance sheet
Class Activity 8: Liabilities
Balance sheet (cont.)
• Analyse and evaluate the balance sheet
• Entity performance
• Financial stability analysis
15:00-15:15 Tea/Coffee and
Refreshments
15:15-16:30
Class Activity 9: Evaluate performance
Class Activity 10: Short questions
PoE Activity 2: Analyse the basic
elements of a balance sheet
Debrief and Summary
Day One cont.
Tel: 0861 999 973 | Fax: 086 675 7796 | www.dmstraining.co.za
See attached registration form for terms and conditions and varied pricing structure.
8:45 – 10:00
Module 3 – Personal assets and liabilities
statement
The key learning points / objectives of the
module:
After completing this module, the learner will
be able to use compile a personal
assets and liabilities statement, by successfully
completing the following:
• A personal assets and liabilities statement is
compiled based on own financial
situation over the past year
• The situations when an assets and liabilities
statement are required are listed and
an indication is given of the advantages of
keeping such records
Personal assets and liabilities statement
• Introduction
• compile a personal assets and liabilities
statement
Class Activity 11: Personal assets and liabilities
statement
Personal assets and liabilities statement (cont.)
• Required situations
PoE Activity 3: personal assets and liabilities
statement
Debrief and Summary
10:00-10:15 Tea/Coffe and Refreshments
10:15-12:30 Module 4 – Making financial
decisions
• The financial strengths and weaknesses of an
entity are analysed and suggestions
are made of ways to improve income and
reduce costs
• The concept of a cost to income ratio is
explained and suggestions are made on
how to improve the ratio
• The relationship between turnover, income,
revenue, sales/earnings and profit is
explained with examples
• The concept of cash flow is explained in
terms of liquidity
Using financial statements
• Introduction
• Financial strengths and weaknesses
• Cost to income ratio
• Improving the cost to income ratio
Class Activity 12: Cost to income ratio
Using financial statements (cont.)
Class Activity 13: Analyse strengths and
weaknesses
Using financial statements (cont.)
• Relationships between terms
• Cash flow and liquidity
Class Activity 14: Cash flow and liquidity
Day Two
Tel: 0861 999 973 | Fax: 086 675 7796 | www.dmstraining.co.za
See attached registration form for terms and conditions and varied pricing structure.
12:30-13:15 Buffet Lunch
13:15-15:00
Using financial statements (cont.)
• Cash flow statement
• Key financial statements are interconnected
Class Activity 15:
PoE Activity 4: financial statements
15:00-15:15 Tea/Coffee and Refreshments
15:15-15:30
Debrief of programme
15:30-16:30
Recap, Questions and Close
Day Two cont.
Tel: 0861 999 973 | Fax: 086 675 7796 | www.dmstraining.co.za
See attached registration form for terms and conditions and varied pricing structure.
GERHARD VISSER
TERTIARY EDUCATIONINSTITUTION: UNIVERSITY OF HULL, UK (2001)QUALIFICATION ATTAINED MBA Strategic Marketing (endorsed by IMM)
SUBJECTSDissertation completed which focussed on Corporate Competitive Intelligence• Corporate Finance and Control• Strategic Marketing Planning• Human Resource Management• Marketing Research• Analysing the South African Consumer• Brand Management• Marketing Decision Support• (Information Communication Technology)• International Strategic Marketing• Strategic Marketing Communication• Strategic Management and Business Policy• Executing Strategy• Marketing Services
INSTITUTION ATTENDED UNISA: UNIVERSITY OF SOUTH AFRICAQUALIFICATION ATTAINED BA FINE ARTS (Final year HOA not completed)
COURSES• JDG & MAST Train the Trainer Course• JDG & MAST Service Excellence• JDG Supercharged Selling• JDG Workplace Assessor• JDG Industrial Relations• JDG Financial Analysis• 7 Habits of Highly Effective People: S. Covey• Retail Management: KBS Group• Sales Management Tools for Growth: Sean King• Strategic Planning• Coaching for Achievement• Team Building• SBDC Entrepreneurs Course
Course Presenter
Tel: 0861 999 973 | Fax: 086 675 7796 | www.dmstraining.co.za
See attached registration form for terms and conditions and varied pricing structure.
EMPLOYMENT HISTORY• Financial control and management of stores to the excess of R542m per annum• Overseeing regional admin, service and security managers• Overseeing total of approximately 510 personnel• Daily control, monitoring, and support to all Branch Manager functions and key performances• Management development and coaching, i.e. effective interviewing, time management,
negotiating skills, emotional intelligence, etc.• Sales performance to company budgets• Effective management and control of Profit & Loss statements• Auditing of administrative, service, and financial policies and procedures• Planning and implementation of promotional campaigns and events, i.e. Pretoria Show, Bloemfontein Show, etc.• Identification of training needs and development of training manuals• Training of all newly appointed managers and development of middle management for
succession planning• Strategic and competitive pricing policies and creative merchandising management• Stock control and stock holding management• Market related product mix per target area• Human Resource management and Industrial Relation policies and procedures, e.g. disciplinary processes and appeal hearings• Project management of new store construction and shop fitting to specifications. Stocking and
preparing store for operation.• Development of healthy and proactive corporate culture• Handling of high-level customer complaints and grievances• Financial control and management of stores to the excess of R451m per annum• Overseeing total of approximately 480 personnel• Daily control, monitoring, and support to all Branch Manager functions and key performances• Management development and coaching, i.e. effective interviewing, time management,
negotiating skills, emotional intelligence, etc.• Sales performance to company budgets• Effective management and control of Profit & Loss statements• Auditing of administrative, service, and financial policies and procedures• Planning and implementation of promotional campaigns and events, i.e. Pretoria Show,
Bloemfontein Show, etc.• Identification of training needs and development of training manuals• Training of all newly appointed managers and development of middle management for
succession planning• Strategic and competitive pricing policies and creative merchandising management• Stock control and stock holding management• Market related product mix per target area• Human Resource management and Industrial Relation policies and procedures, e.g.
disciplinary processes and appeal hearings
Course Presenter
Tel: 0861 999 973 | Fax: 086 675 7796 | www.dmstraining.co.za
See attached registration form for terms and conditions and varied pricing structure.
How to Register?
Should you wish to book on this course, please make the following choices and fill in the
Registration form on the next page and fax to 086 260 7629 or email to
Pretoria
The Manhattan Hotel
3 - 4 May 2012
Johannesburg
The Garden Court, Milpark
Southern Sun
Cape Town
The Premier Hotel-Cape
Manor
Durban
The Protea Hotel
Pietermaritzburg
The Protea Hotel
Bloemfontein
The Protea Hotel
Mpumalanga
The Protea Hotel
Mmabatho
The Protea Hotel
Mafikeng
The Protea Hotel
Polokwane
The Protea Hotel
Kimberley
The Protea Hotel
Finance For non-Financial Managers
The MORE you book the CHEAPER the PRICE
1 del - R 4990 ex VAT 5+ del - R 4390ea (Ex Vat)
3+ del- R 4690ea (Ex VAT ) 10+ del - R 4090ea (Ex VAT)
Our Special Offer to you
Book before the 16/3/2012 and receive 10% discount
Book before the 30/3/2012 and receive 5 % discount
Book before the 6/4/2012 and receive a 2% discount NB: any bookings after the 6/04/2012 will not receive a discount
Venue & Dates
Fees & Pricing Structure
Course & Venue Selection ( Please See Previous Page for Venue, Date & Pricing Options)
Course Name:
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Terms & Conditions
Fees include complete program & refreshments – Payment is due 7 days from date of invoice – Seats are on a first come first serve basis – The fee does not include accommodation or airfares – All intellectual property rights in all material produced or distributed by DIRECT MANAGEMENT SOLUTIONS in connection with this event is reserved and any publication or distribution thereof is prohibited – In the event of cancellation, DIRECT MANAGEMENT
SOLUTIONS will issue a credit voucher valid for 12 months from date of issue – DIRECT MANAGEMENT SOLUTIONS will be able to mitigate any losses up to 50% of the total contract value – All cancellations to be in writing and addressed to the Chief Financial Officer no later than 14 days prior to the event –
No cash refunds will be considered, however delegate substitutions are welcome – In the event that DIRECT MANAGEMENT SOLUTIONS cancels the event, it reserves the right to transfer this booking to an alternate event – All speakers and topics are confirmed at the time of going to press, however
DIRECT MANAGEMENT SOLUTIONS reserves the right to alter this program without prior notice – Should the event for any reason beyond the control of DIRECT MANAGEMENT SOLUTIONS be cancelled, the client indemnifies DIRECT MANAGEMENT SOLUTIONS from any and all costs, damages and expenses, including legal fees, which are incurred by the client, however DIRECT MANAGEMENT SOLUTIONS shall endeavour to reschedule such an
event timeously – This agreement is binding and shall be governed by the laws of South Africa.
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Banking Details
Direct Management Solutions
Standard Bank
Account #: 050817787
Branch: Fish Hoek - 036 009
Reference: Please use your INVOICE NO
Vat Registration #: 4390230409
Company Registration #: 2004/012612/23
Services Seta Accreditation #: 2643
Finance for Non-Financial Managers
Please return signed registration form to 086 260 7629
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