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Services Seta accreditation number (0627)

Operational Finance

Introduction

There is no such person as a “Non-Financial Manager” as all employees of a company are responsible for making decisions that impact on the financial performance of the business!

Understanding the workings of finance is an essential business skill that many people find difficult to grasp, and therefore are often discouraged by the apparent mystique surrounding financial concepts and jargon.

Merit Business Institute, in conjunction with Business Learning Systems SA, have developed an easy, practical and enjoyable way to quickly come to terms with these issues and assist employees to gain a sound understanding of financial management.

Outcomes

At the end of this course participants will have learned:

• The relationship between shareholders’ expectations, the business objectives and individual projects within the business.

• How to post transactions to the ledger accounts – when do we credit or debit an account.

• How to prepare an Income Statement, a Balance Sheet and a Cash Flow Statement.

• How to manage Working Capital.

• The difference between Cash and Profit

• The Time Value of Money

• How to calculate Net Present Values

• How to calculate Internal rates of Return (Yields)

• How to use Discount Tables to calculate Future and Present values

• How to allow for the risk element in a Capex project

• The difference between Payback, NPV and IRR in capital budgeting

• The use of Ratios in analysing financial statements

• Budgeting techniques using “Common Size” Ratios

• The impact of all aspects of business decisions on sales revenue and how to calculate the effect

• How to compare the before and after effects of a planned Capex expenditure

• How to complete a cost justification using NPV and IRR

• How to interpret a set of financial reports and what to look for

Structure  

Delegates

A minimum of 5 and a maximum of 15 delegates per course can be accommodated. In order to achieve a certificate all delegates are expected to attend all the sessions. No exceptions will be made.

Duration

The total course duration is 4 days.

Facilities

All normal training room facilities will be provided by the suppliers of the venue. The training room and facilities are for the client's account.