Finance for NF Managers

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Finance for non-Financial Managers

Private Sector

4 – 6 September 2013

@ The Hackle Brooke Conference Centre

Book before 16 August 2013 & Get 10% Off.

Finance for Non-Financial Managers is an excellent way to introduce managers to the realities of how decisions are made within the company from a financial perspective.

The Finance for non-financial mana ger’s workshop is designed to achieve two objectives – to improve participants’ financial literacy and to expand their commercial understanding.

This is a three day workshop and is based on unit standards:

• • 117156 – “Interpret basic financial statements” (NQF Level 4, 4 credits)

• 242810 – “Manage Expenditure against a budget” (NQF Level 4, 6 credits)

The Training Approach

Learning is reinforced by case studies, practical exercises and a concise easy-to-read set of notes which participants will find useful for future reference. In order to allow for maximum participation, attendance at the workshop is limited. No assumptions regarding prior financial exposure are made.

Accounting jargon can be intimidating. Demystifying the terminology sheds new light on the numbers.

We work through:

• • Analysing financial statements

  • How accountants calculate profit

  • The difference between profits and cash

  • Ratio analysis and its limitations

  • Profit budgets

• Cash flow forecasts

We explain the content of financial statements in terms of the practical implications for the running of the business.

Who will benefit from this workshop?

All Managers Including the following:

· Sales managers

· Production managers

· Operations managers

· Factory managers

· Project managers

· Engineers

· Plant managers

· Marketing executives

· Planners

· Technical staff

· Purchasing managers

· HR Managers

The qualifying candidate will be able to:

• • Analyse the basic elements of an income and expenditure statement.

  • Analyse the basic elements of a balance sheet.

  • Compile a personal assets and liabilities statement.

  • Use the evidence in financial statements to make a financial decision.

  • Explain the concept of budgeting in a business unit.

  • Analyse the budget needs of a business unit.

  • Present and justify a proposed budget for a business unit.

• Monitor and control actual expenses and revenue against projected expenses and revenue

Course Outline

1. Financial Management- The Big Picture

· The Main Financial Objectives of a Business Enterprise

· The Difference between Financial Management and Financial Accounting

· Various Stakeholders

· The Role of the Financial Manager in the Organisation

ü Investment Decisions

ü Financing Decisions

· External Constraints

ü Government and Regulation

ü Economical

ü The new economic environment

2. Risk and Return, Leverage and Break-even Analysis

· What is Risk and what is Return?

· The Relationship between Risk and Return

· Types of Risk in Finance

ü Operating Risk ( Business Risk)

ü Financial Risk

ü Relationship between Business Risk and Financial Risk

ü Diversification to Reduce Risk

· Operating Leverage

· Break-even Analysis

· Management of Risk

3. Non-Current (Fixed) Asset Management

· Types of Non-Current Assets

· Inventory Valuation Methods

· Depreciation Methods

4. Working Capital Management

· The Importance of Working Capital

· Cash

· Inventory

· Accounts Receivable

· Management of Current Assets

· Accounts Payable

· Management of Current Liabilities

· Working Capital Investment policies

· Working Capital Financing policies

5. Budgeting

· What is Budgeting and why is it necessary to budget?

· Four main Methods of Budgeting

ü Incremental Budgets

ü Priority-based Budgets

ü Zero-based Budgets

ü Activity-based Budgets

· Difference between a budget and a forecast

· The Budgeting Process- The Budget Cycle

· The advantages and disadvantages of budgeting

· Budgetary Control

· Variance Analysis

· Different Variances Identified

· Cost Control

6. Financial Statements

• • Income Statement (Statement of Financial Performance)

  • Balance Sheet (Statement of Financial Position)

  • Cash-flow Statement and Cash Management

  • Statement of Retained Earnings

• Ratio Analysis of Financial Statements

ü Liquidity ratios

ü Activity ratios

ü Solvency Ratios

ü Profitability Ratios

About your Facilitator

Suzette van Zyl

Suzette van Zyl graduated from the Rand Afrikaans University with a B Com degree in Accounting, Economics and Business Economics in 1980. She continued to do a post graduate degree at the University of South Africa, specializing in Advanced Strategic Marketing, Advanced Advertising and Sales Promotion, Advanced Consumer Behaviour, Strategic Retail Business Management, International Marketing and Research Methodology.

She was employed as a lecturer at Technikon Witwatersrand in 1983, where she was head of Department Retail Business Management (1996-2000) and Head of Department Marketing (2000-2003)

Suzette became Chairperson of NUTESA, a National Union, where she acted as Chief Negotiator and represented her members in Labour cases.

After resigning from Technikon Witwatersrand in 2003, she started to do Corporate Training for a number of Companies.

In1991 Suzette started a short-term Insurance company, and after completing her training, she became a qualified Commercial – and Personal Lines Financial Advisor.

In 2006, she established Training in Action cc. She did Management Development for Training Pick n Pay in 2006.

As from 2007, she has been facilitating for FNB and ABSA on various learnerships.

Suzette did extensive training on behalf of the Dti during 2009 and 2010 for various SMMEs in a variety of subjects.

During 2011 and 2012, she facilitated on the ATT (Association of Accounting Technicians) in the UK’s LGAAC and LGAC courses for Local Government at various municipalities in the Gauteng and North-West provinces.

Suzette is a registered assessor at the Banking Seta and the Education and Training Seta. She was responsible for the development of learner guides for all the product houses at FNB, as well as the FNB 2010 World Cup Employee Games.

She also lectured Marketing on the Business Management and Leadership degree course for FNB, under the auspices of the University of the Free State

Suzette was involved with Lyceum College and Milpark Business School on a part-time basis, acting as External examiner, moderator and facilitator for a variety of courses, amongst them:

• • Office Management

  • Management & Leadership

  • Strategic Management

  • Human Resource Management

  • Marketing Management

  • Financial Management

• Project Management

She also facilitated the following courses for various Corporations and Municipalities:

• • Disciplinary Procedures and Disciplinary Hearings

  • Situational Leadership

• Targeted Selection Interview Techniques

She strives to offer the best course material and targeted facilitation to empower delegates with the necessary skills to enable them to be successful in their business endeavours.

REGISTRATION DETAILS:

NORMAL REGISTRATION FEE:

• • Single delegate: R5, 999 excl. VAT

  • International Delegates USD $700

  • Registration cost does not include transport and accommodation

TO REGISTER:

Contact: Helper Mlakga on Tel: 011 450 3477/ 011 620 3088. Fax: 086 245 7901 or Email: helper.mlakga@premierknowledge.co.za

In-House Training

Do you have 8 or more staff members that need training

Do you want to train at your own venue and at a time that is convenient for you

Do you want to save up to 40% on public course training costs

If you answered yes to any of these questions, then Premier Knowledge In House Training is the solution for your training needs.

With in-house training, you choose the timing and location of the seminar, and can customize the course content to meet your organization's own particular training needs. In house ensures that only your team is present at the course, ensuring privacy which facilitates open and frank discussions when training.

We can even create a bespoke one or two day course on a training issue of your choice.

The 3 Benefits Of In-House Training

• • Complete confidentiality in discussing your organisation's sensitive issues

  • You can tailor the course content to suit your particular needs

  • No travel or Accommodation costs to pay for your staff

For a free quote on In-House Training: You can contact Florence Roberts on 011 450 3477 or florence.roberts@premierknowledge.co.za

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