Finance for Non-Finance Managers

Finance for Non-Finance Managers

Managers and leaders who have an understanding of their organisation’s financial position feel more confident in their business decision-making. This Finance for Non-Finance Managers short course from Australian Institute of Management (AIM) Education and Training introduces all aspects of financial management, from planning through to budget review and reporting on financial outcomes.

This concise course serves as a practical guide, imparting essential skills for analysing financial data and fostering a comprehensive understanding of financial performance. Participants will gain the knowledge necessary to make well-informed fiscal decisions by exploring all facets of financial management, spanning from planning to budget review and reporting on financial outcomes. From financial statements and standards, to implementing and monitoring budgets and managing cash-flow, you will cover over 30 well-structured topics that will enable you to tackle your business finances with confidence.

This is a high-intensity two-day course that can be taken at one of our campuses in Sydney, Melbourne, Brisbane, Adelaide or Canberra, or can be taken online through a virtual workshop.

 

33048 Australian Institute of Management Education and Training Career FAQs

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  • Qualification:
    Short Course
  • Study mode:
    Online
    On Campus
    Classroom
  • Payment options:
    Payment plan
    Upfront payment
  • Duration:
    2 Days
  • Start date:
    Enquire now for upcoming start dates.
  • Awarded by:
    Australian Institute of Management Education and Training (RTO: 0049)
  • Location:
    ACT
  • Career Outcomes:
    Office Manager | Operations Manager | Operations Officer | Finance Officer | View All

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Course Rundown

Managers and leaders who have an understanding of their organisation’s financial position feel more confident in their business decision-making. This Finance for Non-Finance Managers short course from Australian Institute of Management (AIM) Education and Training introduces all aspects of financial management, from planning through to budget review and reporting on financial outcomes.

This concise course serves as a practical guide, imparting essential skills for analysing financial data and fostering a comprehensive understanding of financial performance. Participants will gain the knowledge necessary to make well-informed fiscal decisions by exploring all facets of financial management, spanning from planning to budget review and reporting on financial outcomes. From financial statements and standards, to implementing and monitoring budgets and managing cash-flow, you will cover over 30 well-structured topics that will enable you to tackle your business finances with confidence.

This is a high-intensity two-day course that can be taken at one of our campuses in Sydney, Melbourne, Brisbane, Adelaide or Canberra, or can be taken online through a virtual workshop.

 

Eligibility

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
  • Impact of Transactions on Financial 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

AIM provides students with practical qualifications that certify their skills and advances their careers. Each qualification is delivered through a blend of practical exercises and evaluative tools, and with no exams to study for; students can focus on completing assessments that have real world application. With the choice to study online or on campus, studying with AIM means you can maintain your work-life balance while building your future career.

Australian Institute of Management Education and Training Pty Limited (RTO code 0049) (AIMET) is a registered Higher Education Provider listed on the national register, Provider ID: PRV12071. AIMET uses the brand name AIM with permission from the Australian Institute of Management (ABN 56 004 525 017).

AIM (RTO 0049) prides itself on delivering holistic, comprehensive qualifications, that helps you fast-track your career whilst gaining official certification of your skills. Whether you prefer online learning or face-to-face classes, AIM offers both options.

The online virtual campus, MyAIM allows students to work through the online modules at their own pace, connect with other students and receive online learning support from AIM’s Student Support and Coaching Services teams.

Campus Locations

This course can be delivered on campus to provide you with practical training in a face-to-face learning environment. It is available to study at the following locations:

Australia Capital Territory: Canberra

You can also choose to study this course entirely online.

Want more course info?    

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Where Will It Lead Me?

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.

Curious about where a career in finance could take you? Potential job outcomes may include:

How Much Will It Cost?

Total cost for this course is $1,750.

Payment will need to be made in advance in order to reserve a spot, and AIM offers a number of different payment options:

  • Credit Card (Visa/MasterCard/Amex)
  • Direct Deposit (EFT)
  • Purchase Order from a business
  • Zip Money - Zip Money can offer you a line of credit with 6 months interest free and flexible weekly, fortnightly or monthly payment options.

Please enquire for further details.

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