Australian Institute of Management Education and Training
2 Days
The Finance for Non-Finance Managers course, offered by the Australian Institute of Management Education and Training, is designed to equip professionals with essential financial knowledge and skills, regardless of their background. This course provides a comprehensive overview of key financial concepts, enabling participants to understand financial statements, budgeting, and financial analysis.
If you're a manager with responsibility for planning, managing and reporting on budgets and financial indicators, or you wish to deepen your knowledge of business finance, this Finance for Non-Finance Managers course is ideal for you.
In this Finance for Non-Finance Managers short course from Australian Institute of Management (AIM), the subjects you may study include: Workshop Overview – Session 1 What Do We Mean by "Finance"? Language of Finance Financial Management Cycle Financial Statements Standards Assumptions, Estimates, and Disclosures Statement of Financial Position Statement of Profit and Loss and Other Comprehensive Income Statement of Changes in Equity Statement of Cash Flows Relationship Between Statements Financial Analysis and Tools Reviewing Financial Performance Revenue and Cost Behaviour Contribution Margin Breakeven Analysis Managing Costs Discussion: Worked Example Summary and Close Workshop Overview – Session 2 Welcome Back and Review Recap of key learnings Establish Budgets Capital Expenditure Budget Present Value Net Present Value Profit and Loss Budget Cash Flow Budget Financing Options Implement and Monitor the Budget Using Budgets to Monitor Performance Managing Cash Flow Against the Budget Managing Accounts Receivable Budget Variances Internal Controls Review Financial Performance Reporting Requirements Continuous Improvement Summary, Learning Journal and Close
The Australian Institute of Management Education and Training (AIMET) is dedicated to equipping students with practical qualifications that enhance their skills and propel their careers forward. With a focus on real-world application, AIMET offers a unique learning experience that combines practical exercises with evaluative tools, allowing students to engage deeply with their studies without the pressure of traditional exams. This approach ensures that learners can concentrate on assessments that truly matter in their professional lives. AIMET provides flexible study options, allowing students to choose between online or on-campus learning. This flexibility supports a healthy work-life balance, making it easier for individuals to pursue their educational goals while managing their personal and professional commitments. As a registered Higher Education Provider, AIMET is committed to delivering high-quality education that empowers students to achieve their career aspirations.
Upon successful completion of this Finance for Non-Finance Managers course from Australian Institute of Management Education and Training you'll be able to: Analyse previous financial data to establish areas which have generated a profit or loss and establish critical initiatives that will require resources in the next financial cycle. Use previous financial data to determine allocations for resources, make informed estimates of new items for inclusion and prepare budgets in accordance with statutory requirements. Ensure the structure and format of financial reports are clear in order to identify significant issues and prepare recommendations to ensure the ongoing financial viability of your organisation.
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