BASIC FINANCE FOR NON-FINANCE EXECUTIVES AND MANAGERS (FAP02)
Overview
While the language of business is finance, accounting serves as the tool for major financial decisions in any enterprise. Despite the significance of these two areas, many non-finance and nonaccounting executives find accounting and finance abstract and difficult. This is despite the fact that rudimentary knowledge of both areas (accounting and finance) constitute the basic requirements for the productivity of executives in any enterprise. Also, a basic knowledge of both areas will empower the executives with the knowledge of how a firm functions and the impact of resource utilization and deployment. It is expected that the course will improve the participants’ understanding of the drivers of company performance and help them appreciate how to improve it.
All those who have no accounting or finance background and fall under any of the following
categories:
- Unit and departmental heads
- Prospective heads of units or departments
- Team leads
- Entrepreneurs and business managers
- Project managers
- To introduce participants to the basics and fundamentals of accounting and finance.
- To expose participants to basic terminologies and register of accounting and finance.
- To appreciate the role of accounting information in creating values for stakeholders of a firm.
- To enable participants, appreciate the importance of cashflow management and profitability of a
firm.
Module 1: Basic accounting and finance principles and practice
Module 2: Cost and pricing structures and management
Module 3: Short term financial planning and control
Module 4: Working capital management
