Finance for Non-Finance Managers
Finance for Non-Finance Managers program is an interactive and practical program designed to equip business people with the capacity and insight to make decisions which yield better financial results.
Problems which carry financial implications arise in organisations every day and confront managers from all disciplines.
Yet many people faced with this reality find themselves overwhelmed and lacking in confidence when it comes to making decisions with a financial impact. Recognising this, MGSM's approach to financial management is to provide insight and empowerment that cuts through unnecessary clutter and complexity.
We focus on the fundamental principles which can be relied upon for decision-making on a day-to-day basis.
The Finance for Non-Finance Managers program is structured around two key knowledge sets:
1. The use of financial information for the purposes of communicating to those inside and outside the organisation, with an emphasis on:
a) how to better understand the content of messages being sent by others
b) how to improve the content of your own financial communications
2. The use of key financial tools for decision-making purposes. Both knowledge sets are interrelated and complementary and when combined represent a powerful addition to the capabilities participants can bring to their own organisations.
Topics
- Key elements of financial statements and their meaning
- Assumptions made in constructing financial statements
- How to read, decode and understand financial statements
- How to frame better questions to improve communications around financial issues
- The means through which business costs can be analysed, understood and managed
- The interactions between factors such as pricing, profitability and volume of business and how these can be managed to drive better value generation
This program is designed to benefit managers across all disciplinary backgrounds outside of the finance function. In-particular, non-finance specialists will derive great value from this program.
- a stronger grasp on the language of finance
- an improved ability to communicate with internal finance departments and external financial stakeholders
- an understanding of the strengths, weaknesses and limitations of the basic accrual accounting model
- an understanding of how financial statements are constructed, how they relate to one another, and greater confidence in reading and understanding these documents;
- a capacity to use financial decision tools to evaluate trade-offs and make better decisions
- improved insight into the drivers of cost and mechanisms for cost management
- a stronger understanding of effective resource allocation processes
"Foundations of Financial Management reveals radically simple, but incredibly valuable, metrics for understanding how value is created within your business and to help you guide it to achieve profitable growth."
Nigel Finch, Lecturer in Management, MGSM.
Guy Ford
BCom (UNSW), MBus (UTS), SA Fin
Guy Ford is an Associate Professor in Management at Macquarie Graduate School of Management, where he teaches in the areas of financial management, corporate acquisitions and reconstructions, financial institutions management, strategic finance and accounting for management. Guy is the co-author of two books on risk management and financial markets and has presented and published research internationally.
Dates
21 - 22 September 2010, non residential.
Fees
$2,970 (inc. GST)
Fees include tuition, program materials and catering.
Venues
MGSM North Ryde Campus
99 Talavera Road, Macquarie Park
North Ryde, NSW, 2113
Program Coordinator
Macquarie Graduate School of Management
Phone: + 61 2 9850 9016
Fax: +61 2 9850 8630
Email: Public-Programs@mgsm.edu.au
