Finance for Non-Financial Managers Training


Demystify the world of finance with our “Finance for Non-Financial Managers” course. Designed specifically for managers and professionals without a financial background, this course equips you with the essential financial knowledge and tools needed to make informed and effective business decisions.


Understanding the financial implications of decisions is crucial for any manager, regardless of their primary expertise. This course covers fundamental financial principles and practices, helping participants to comprehend financial reports, manage budgets, and understand the financial health of their organization.


This course is ideal for:

Course Outline

Basics of Financial Management

  • Understanding financial statements, including balance sheets, income statements, and cash flow statements.
  • The importance of financial data in business operations.

Budgeting and Forecasting

  • Techniques for effective budgeting and financial forecasting.
  • Tools for managing and monitoring budgets.

Financial Decision-Making

  • Principles of capital budgeting.
  • Analyzing investments and understanding returns.

Cost Control and Management

  • Identifying and managing costs effectively.
  • Strategies for cost reduction and operational efficiency.

Understanding Financial Ratios

  • Key financial ratios and what they reveal about business performance.
  • How to use ratios to make informed managerial decisions.

Risk Management

  • Fundamentals of financial risk and how to mitigate it.
  • Understanding the financial impact of business decisions.

Communicating Financial Information

  • How to communicate financial information effectively to stakeholders.
  • Using financial data to support proposals and reports.


Participants will:

  • Gain a solid foundation in the basic principles of financial management.
  • Develop the skills to interpret and utilize financial data in decision-making.
  • Learn how to communicate financial concepts and implications to team members and stakeholders.
  1. Promoting equal opportunity and fair treatment in employment through the elimination of unfair discrimination
  2. Implementing affirmative action measures to redress the disadvantages in employment experienced by designated groups, to ensure their equitable representation in all occupational categories and levels in the workforce.’

Welcome to our complete guide on Employment equity and its new 2023 amendments. Right here, we will offer you with clear and concise information about this important new EE legislation, ensuring you understand its motive, key principles, EE changes, Compliance and the obligations it imposes on employers. We will also talk the newest amendments and their impact, retaining you updated with the modern day compliance requirements.

At its core, Employment Equity aims to promote fair and equitable workplaces by addressing systemic discrimination and ensuring equal opportunities for all employees. This Act encourages employers to create inclusive environments where diversity is valued and individuals from designated groups have equal access to employment and advancement opportunities.

With the current amendments, Employment Equity has undergone essential modifications. We are going to delve into those updates, highlighting the important areas affected and the implications for employers. By understanding the amended provisions, you will be better equipped to navigate compliance necessities and ensure your employer meets its obligations. At McDowell Development Institute South Africa ( MDSA ) We believe Employment Equity should be about Transformation, Diversity, Inclusive and Equity.

In terms of the new amendment,

  1. Changes include the introduction of an Employer Equity Certificate of Compliance which companies wishing to participate in state contracts are now required to provide. Companies without an Employment Equity Certificate of Compliance will not be able to receive any points under the Management Control pillar of the B-BBEE scorecard and could be subject to fines and penalties for non-compliance with the Employment Equity Act. Management Control has traditionally been the pillar that all sectors struggle the most with.
  2. Sector-specific targets set by the Minister of Employment and Labour ostensibly after consultations with industry over the past 18 months, appear to have been more closely aligned to the BEE scorecard.

The newly amended Employment Equity (EE) Act to aid workplace transformation in SA to come into operation on 01 September 2023


“Finance for Non-Financial Managers” will empower you with the financial literacy required to make better decisions that enhance the value and efficiency of your organization. Strengthen your managerial capabilities by understanding the financial underpinnings of your business operations.

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