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SHORT COURSE

Finance for non-finance managers

Start here to build your understanding of financial statements, budgeting and forecasting, and accounting principles, rules and compliance obligations.

About this course

A lack of financial acumen places significant limits on career progression for managers and executives in all organisations. The acquisition of financial acumen hinges on the combination of many factors, including on-the- job experience and continuous learning. Whilst such learning may begin with a university degree, research shows that training addressing specific training needs is more effective.

Course structure

Context matters: the ability to understand and decipher the interplay between numbers, people, process and technology on an organisation-wide dimension and scale is critical.

Research demonstrates that there is an increasing link between financial skills and commercial outcomes. Indeed, the strengthening of core financial literacy concepts and metrics and streamlining processes such as budgeting, forecasting and reporting are critical to other business functions, and are fundamental to the formation and execution of an organisational strategy.

This intermediate level workshop builds on a basic understanding of finance and accounting enabling managers to meet their financial responsibilities more confidently. Participants will gain a thorough understanding of financial statements, budgeting and forecasting, and accounting principles, rules and compliance obligations.

 

Learning outcomes

  • Understand the key financial statements and how they interact with each other
  • Understand the fundamental financial principles and key financial terms
  • Be familiar with all of the elements of the budgeting process, how they interact and their purpose
  • Understand the necessity to make decisions and prioritise investments to meet your organisation’s objectives
  • Gain an appreciation of different cost and revenue types and how to use these effectively when managing your budget
  • Increase you forecasting skills by learning where to focus and understanding the dependencies of the forecasting process
  • Understand and apply breakeven analysis to model new business and new product development opportunities
  • Appreciate the importance of internal controls and your role in making them effective
  • Apply capital budgeting techniques to appraise investment opportunities
  • Prepare budget performance reporting
  • Understand internal controls and monthly reporting

 

COVID-19 Information

UTS is undertaking a number of social distancing initiatives, as informed by NSW Health advice, to help reduce social interactions in support of the government’s efforts to slow the spread of COVID-19. As part of this response, some of our short courses may be postponed to a later date.

Please note however, bookings are open for all courses offered by the Institute for Public Policy and Governance (IPPG). If a course needs to be postponed, participants will have the chance to transfer to a later date, a new course or request a full refund. IPPG will also be offering a range of online or blended learning options facilitated via zoom video conferencing. If you have any questions in the interim, please do not hesitate to contact our team at ippg.learning@uts.edu.au.

Who is this course for?

Non-financial practitioners seeking a better understanding of financial concepts, language and tools to assist in managing budgets successfully   

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