Finance for Managers

Course Details

Intake: Monthly

Learning Mode: Blended

Payment Method: Pay as you go

Faculties: From UK, USA & Europe

Classes: Fridays & Saturdays

The Course Finance for Managers is designed to equip students with the right tools and techniques to be able to analyse and determine different financial documents and information and formulate conclusions about financial performance levels and needs of stakeholders. Students will not just be able to assess budgets but will also be able to identify constraints involved in the achievement of targets and accounting conventions. In addition, understanding the course will also assist in understanding of strengths and weaknesses of a financial proposal and analyzing the viability of a proposal for expenditure. The course emphasises the understanding of finance theory and working knowledge of the financial environment in which the firm operates in order to develop appropriate financial strategies. It attempts to challenge all students to use critical thinking in the understanding of financial theories and analysis. Financial aspects not just about textbook learning: it challenges students to use their critical/creative skills to apply the knowledge learned in both their personal and professional endeavours. Students will understand how to utilize these concepts, principles, and techniques so that they, as managers, can make well-reasoned decisions.

  • Context: Financial Accounting and Management Accounting
  • Basic accounting concepts, e.g. profit, cash, matching
  • Difference between capital & revenue, sources of financial & cost data
  • Financial Analysis Budgeting and cash flows
  • Costing methods and overhead allocations
  • Return on Investment calculations
  • The role of depreciation
  • Cost / profit centres and allocating costs
  • Analysis of financial data, cost benefit analysis
  • Lean Methods and Lean accounting
  • The difference between data and information
  • Sources of data and information