finance for non financial managers - dmstraining.co.za · administrative professionals in all...

Knowledge is Power

Tel: 0861 999 973 Fax: 086 675 7796 www.dmstraining.co.za

A SAQA registered qualification forAdministrative Professionals in all Services SectorsSAQA’S UNIT STANDARD ID 117156,NQF LEVEL 4, 4 CREDITS

FACILITATOR: Gerhard Visser

Finance for Non Financial Managers

Today’s working environment often requires individuals to broaden their skills and possess a working knowledge of business practices, principal amongst which is an appreciation of finance and accountancy. However, many individuals believe they have a mental block when it comes to figures and are consequently nervous of dealing with financial information.

This course takes the fear out of finance by removing the myths and explaining financial and accounting concepts in a manner that is straightforward and easy to grasp. By attending this course, delegates will establish a working knowledge of finance and develop a firm understanding of its role within their organisation. They will also learn how financial information and budgets are compiled, interpreted and used to make business decisions.

Furthermore, delegates will acquire the skills to run budgets, monitor department costs and assist in the preparation of financial information.

Course Objectives• Remove the myths and fears about finance and understand the jargon that surrounds many financial transactions.• Develop an understanding of the key finance and accounting terms and understand the concepts behind them.• Read, understand and interpret financial information, balance sheets, profit statements and annual reports.• Work more productively with colleagues from the finance department.• Prepare and monitor a budget.• Utilise financial tools as a means of monitoring performance and ensuring that budgets are met.• Appreciate the importance of reducing unnecessary costs and working towards increasedprofitability.• Assist in the preparation of financial information.

Course Designed For PAs, executive secretaries and office professionals who want to build their skills and understanding of finance. This course will benefit individuals with little or no prior understanding of business finance.

Introduction

Tel: 0861 999 973 | Fax: 086 675 7796 | www.dmstraining.co.za

See attached registration form for terms and conditions and varied pricing structure.

Course Outline• Finance at WorkThe nature of business; business goals; the importance of finance; money as a measurement toolThe implications of finance on your departmentTranslating financial jargon into plain English

• The Nature of AccountingFinance as a means of measuring performanceRecognising capital and revenue; devising capital and revenue statements to account for their use; the importance of this conceptA simple framework to enhance understanding of financial and managerial accounting

• Introduction to the Key Financial StatementsProfit and loss accountsThe balance sheet, cash flow and funds flow statementsReading an annual reportComparing theory with practice; producing a simple set of accounts

• Interpreting Financial InformationUnderstand the use of financial information as a management toolWhat the accounts are really telling usUnderstanding the bottom lineLearning about your competitors

• The Forecasting and Budgeting ProcessThe purpose of forecastsBudget: form and purposeThe different types of budgetPreparing and monitoring a budget

• CostsThe nature of costs (fixed and variable, direct and indirect)Standard costingOverheadsBreak-even analysis and marginal costing

• Working CapitalThe need for working capital and its role in the organisationManagement control in improving profitability

Personal DevelopmentFormulating a personal action plan

Introduction



8:30 – 9:00

Welcome, Indtoductions, Ice Breakers and

Needs Analysis:

• What are financial statements?

The 4 modules of the learner guide will be

discussed.

• Income and expenditure statement

• Balance sheet

• Personal assets and liabilities statement

• Make financial decisions

9:00 – 10:00

Module 1 – Analysing the basic elements of an

Income and

expenditure statement

• The purposes of an income and expenditure

statement are explained and an indication is

given of how often these statements are

required

• Case Studies

• Sources of income and expenditure are

identified for three different types of financial

statements

• Sources of income and expenditure are

explained with reference to an income and

expenditure statement

• Three income and expenditure statements

are examined and evaluated in terms of

financial viability of the organisation

Financial statements

Income and expenditure statement

Class Activity 1: Income and expenditure

statements

Income and expenditure statement (cont.)

• Sources of income and expenditure

• Sources in the Income and expenditure

statement

Class Activity 2: Sources of income and

expenditure

Income and expenditure statement (cont.)

• Evaluate the financial viability

• Financial ratio analysis

• Liquidity ratios

• Profitability ratios

Class Activity 3: Financial viability

10:00-10:15 Tea/Coffee and Refreshments

10:15-12:30

Class Activity 4:

PoE Activity 1: Analyse the basic elements of an

income and expenditure statement

Debrief and Summary

12:30-13:15 Full Buffet Lunch

13:15-15:00 Module 2 – Balance sheet

• The purpose of a balance sheet

• A balance sheet is analysed and evaluated in

terms of equity or financial net worth

• The concept of an asset is explained and the

assets in a balance sheet are classified in

Day One



terms of fixed and current assets

• The concept of a liability is explained and the

liabilities in a balance sheet are classified in

terms of long term and current liabilities

• Balance sheets for an entity are compared

and evaluated in terms of performance over

two years and a decision is made based on

evidence in the balance sheet

Balance sheet

• Introduction

• Accounting equation

• Purpose

Class Activity 5: Balance sheet

Balance sheet (cont.)

• Equity / financial net worth

Class Activity 6: Equity / financial net worth


• Assets in the balance sheet

Class Activity 7: Assets


• Liabilities in the balance sheet

Class Activity 8: Liabilities


• Analyse and evaluate the balance sheet

• Entity performance

• Financial stability analysis

15:00-15:15 Tea/Coffee and

Refreshments

15:15-16:30

Class Activity 9: Evaluate performance

Class Activity 10: Short questions

PoE Activity 2: Analyse the basic

elements of a balance sheet

Debrief and Summary

Day One cont.



8:45 – 10:00

Module 3 – Personal assets and liabilities

statement

The key learning points / objectives of the

module:

After completing this module, the learner will

be able to use compile a personal

assets and liabilities statement, by successfully

completing the following:

• A personal assets and liabilities statement is

compiled based on own financial

situation over the past year

• The situations when an assets and liabilities

statement are required are listed and

an indication is given of the advantages of

keeping such records

Personal assets and liabilities statement

• Introduction

• compile a personal assets and liabilities

statement

Class Activity 11: Personal assets and liabilities

statement

Personal assets and liabilities statement (cont.)

• Required situations

PoE Activity 3: personal assets and liabilities

statement

Debrief and Summary

10:00-10:15 Tea/Coffe and Refreshments

10:15-12:30 Module 4 – Making financial

decisions

• The financial strengths and weaknesses of an

entity are analysed and suggestions

are made of ways to improve income and

reduce costs

• The concept of a cost to income ratio is

explained and suggestions are made on

how to improve the ratio

• The relationship between turnover, income,

revenue, sales/earnings and profit is

explained with examples

• The concept of cash flow is explained in

terms of liquidity

Using financial statements

• Introduction

• Financial strengths and weaknesses

• Cost to income ratio

• Improving the cost to income ratio

Class Activity 12: Cost to income ratio

Using financial statements (cont.)

Class Activity 13: Analyse strengths and

weaknesses


• Relationships between terms

• Cash flow and liquidity

Class Activity 14: Cash flow and liquidity

Day Two



12:30-13:15 Buffet Lunch

13:15-15:00


• Cash flow statement

• Key financial statements are interconnected

Class Activity 15:

PoE Activity 4: financial statements

15:00-15:15 Tea/Coffee and Refreshments

15:15-15:30

Debrief of programme

15:30-16:30

Recap, Questions and Close

Day Two cont.



GERHARD VISSER

TERTIARY EDUCATIONINSTITUTION: UNIVERSITY OF HULL, UK (2001)QUALIFICATION ATTAINED MBA Strategic Marketing (endorsed by IMM)

SUBJECTSDissertation completed which focussed on Corporate Competitive Intelligence• Corporate Finance and Control• Strategic Marketing Planning• Human Resource Management• Marketing Research• Analysing the South African Consumer• Brand Management• Marketing Decision Support• (Information Communication Technology)• International Strategic Marketing• Strategic Marketing Communication• Strategic Management and Business Policy• Executing Strategy• Marketing Services

INSTITUTION ATTENDED UNISA: UNIVERSITY OF SOUTH AFRICAQUALIFICATION ATTAINED BA FINE ARTS (Final year HOA not completed)

COURSES• JDG & MAST Train the Trainer Course• JDG & MAST Service Excellence• JDG Supercharged Selling• JDG Workplace Assessor• JDG Industrial Relations• JDG Financial Analysis• 7 Habits of Highly Effective People: S. Covey• Retail Management: KBS Group• Sales Management Tools for Growth: Sean King• Strategic Planning• Coaching for Achievement• Team Building• SBDC Entrepreneurs Course

Course Presenter



EMPLOYMENT HISTORY• Financial control and management of stores to the excess of R542m per annum• Overseeing regional admin, service and security managers• Overseeing total of approximately 510 personnel• Daily control, monitoring, and support to all Branch Manager functions and key performances• Management development and coaching, i.e. effective interviewing, time management,

negotiating skills, emotional intelligence, etc.• Sales performance to company budgets• Effective management and control of Profit & Loss statements• Auditing of administrative, service, and financial policies and procedures• Planning and implementation of promotional campaigns and events, i.e. Pretoria Show, Bloemfontein Show, etc.• Identification of training needs and development of training manuals• Training of all newly appointed managers and development of middle management for

succession planning• Strategic and competitive pricing policies and creative merchandising management• Stock control and stock holding management• Market related product mix per target area• Human Resource management and Industrial Relation policies and procedures, e.g. disciplinary processes and appeal hearings• Project management of new store construction and shop fitting to specifications. Stocking and

preparing store for operation.• Development of healthy and proactive corporate culture• Handling of high-level customer complaints and grievances• Financial control and management of stores to the excess of R451m per annum• Overseeing total of approximately 480 personnel• Daily control, monitoring, and support to all Branch Manager functions and key performances• Management development and coaching, i.e. effective interviewing, time management,

negotiating skills, emotional intelligence, etc.• Sales performance to company budgets• Effective management and control of Profit & Loss statements• Auditing of administrative, service, and financial policies and procedures• Planning and implementation of promotional campaigns and events, i.e. Pretoria Show,

Bloemfontein Show, etc.• Identification of training needs and development of training manuals• Training of all newly appointed managers and development of middle management for

succession planning• Strategic and competitive pricing policies and creative merchandising management• Stock control and stock holding management• Market related product mix per target area• Human Resource management and Industrial Relation policies and procedures, e.g.

disciplinary processes and appeal hearings

Course Presenter



How to Register?

Should you wish to book on this course, please make the following choices and fill in the

Registration form on the next page and fax to 086 260 7629 or email to

[email protected]

Pretoria

The Manhattan Hotel

3 - 4 May 2012

Johannesburg

The Garden Court, Milpark

Southern Sun

Cape Town

The Premier Hotel-Cape

Manor

Durban

The Protea Hotel

Pietermaritzburg

The Protea Hotel

Bloemfontein

The Protea Hotel

Mpumalanga

The Protea Hotel

Mmabatho

The Protea Hotel

Mafikeng

The Protea Hotel

Polokwane

The Protea Hotel

Kimberley

The Protea Hotel

Finance For non-Financial Managers

The MORE you book the CHEAPER the PRICE

1 del - R 4990 ex VAT 5+ del - R 4390ea (Ex Vat)

3+ del- R 4690ea (Ex VAT ) 10+ del - R 4090ea (Ex VAT)

Our Special Offer to you

Book before the 16/3/2012 and receive 10% discount

Book before the 30/3/2012 and receive 5 % discount

Book before the 6/4/2012 and receive a 2% discount NB: any bookings after the 6/04/2012 will not receive a discount

Venue & Dates

Fees & Pricing Structure

Course & Venue Selection ( Please See Previous Page for Venue, Date & Pricing Options)

Course Name:

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Terms & Conditions

Fees include complete program & refreshments – Payment is due 7 days from date of invoice – Seats are on a first come first serve basis – The fee does not include accommodation or airfares – All intellectual property rights in all material produced or distributed by DIRECT MANAGEMENT SOLUTIONS in connection with this event is reserved and any publication or distribution thereof is prohibited – In the event of cancellation, DIRECT MANAGEMENT

SOLUTIONS will issue a credit voucher valid for 12 months from date of issue – DIRECT MANAGEMENT SOLUTIONS will be able to mitigate any losses up to 50% of the total contract value – All cancellations to be in writing and addressed to the Chief Financial Officer no later than 14 days prior to the event –

No cash refunds will be considered, however delegate substitutions are welcome – In the event that DIRECT MANAGEMENT SOLUTIONS cancels the event, it reserves the right to transfer this booking to an alternate event – All speakers and topics are confirmed at the time of going to press, however

DIRECT MANAGEMENT SOLUTIONS reserves the right to alter this program without prior notice – Should the event for any reason beyond the control of DIRECT MANAGEMENT SOLUTIONS be cancelled, the client indemnifies DIRECT MANAGEMENT SOLUTIONS from any and all costs, damages and expenses, including legal fees, which are incurred by the client, however DIRECT MANAGEMENT SOLUTIONS shall endeavour to reschedule such an

event timeously – This agreement is binding and shall be governed by the laws of South Africa.

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Banking Details

Direct Management Solutions

Standard Bank

Account #: 050817787

Branch: Fish Hoek - 036 009

Reference: Please use your INVOICE NO

Vat Registration #: 4390230409

Company Registration #: 2004/012612/23

Services Seta Accreditation #: 2643

Finance for Non-Financial Managers

Please return signed registration form to 086 260 7629

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