Course Details

Manukau Institute of Technology

Faculty of Business and Information Technology Reception, Floor 2 Corner of Manukau Station Road and Davies Avenue, Manukau

Two Days
8.30am to 4.30pm

Business finance and financial analysis aren’t the preserve of the Accounts Department. Financial reporting and the data it expresses are important tools for any budget-holder in an organisation.
If that’s you and numbers aren’t your primary passion, enrol now in Finance for Non-Financial Managers, an MIT Business Course. You’ll gain an understanding of the role of financial reporting and the confidence to make judgements about its content.
Basic Principles
•What is the difference between accounting and finance?
•Why do we need financial statements?
•Who are the audiences and what are they looking for?
•How do financials help businesses?

Financial statements
•Position Statements (Balance sheets)
•Income statements
•Cash flow statements
•Statements of movements

Accounting methodologies
•Financial Accounting
oAnalysis and Interpretation
oPerformance measures
oBusiness Valuation

•Management Accounting
oManagement information systems
oManagement performance measures
•Strategic management accounting
oValue drivers
•Valuation tools

Reading financial data
•Common financial terms and figures
•Common accounting equations
•Reading a monthly financial management report
•Analysis and interpretation techniques and tips
•Using historical data to predict the future

Setting and reviewing budgets
•The department budget
•Key components in setting a departments budget
•Variance reports

Annual reports
•What are annual reports?
•What are the key components
•Tips for reading annual reports
•How an annual report is prepared

Ngaire Newland