ACF002: Finance for Non Finance managers Course

Course Objectives

Research has consistently demonstrated that when clear goals are associated with learning, it occurs more easily and rapidly.

This course is designed to help you in the following ways:

• Recognise the goals of financial management
• Define key accounting concepts
• Recognise the use and characteristics of a balance sheet
• Recognise the use and characteristics of an income statement
• Identify a cash flow statement and how to use it
• Recognise the use and characteristics of the notes to financial statements
• Recognise the purpose and characteristics of Generally Accepted Accounting Principles (GAAP)
• Identify the importance and characteristics of an audit and that of its primary documentation
• Define double entry bookkeeping concepts in relation to the accounting equation
• Compare the functions and contents of a ledger and a journal
• Identify the different types of budgets
• Describe the elements necessary to prepare a basic budget
• Identify specific tools for analysing and benchmarking financial information
• Discuss the time value of money