URSE outline. Finance for Non-Financial Managers IMM 476

Transcription

1 C URSE outline Finance for Non-Financial Managers 0861 IMM 476

2 Detail Course Name Course Designer Course Category Course Duration Start and End Date Cost of Course Your Course Work Includes Information Finance for Non-Financial Managers The Open University General 12 weeks The Open University short courses are perfectly suited to fit your on-the-go lifestyle. You can study at your own pace and submit your work-based activity anytime before the final submission date for the course. The course commences 1 May 2018 and ends 30 June The work-based activity is to be submitted online by 15:00 on Monday 9 July R5 500 including VAT All relevant study materials Online study calendar Interactive online activities Video and audio materials and links to assessment resources Two printed resource books There is no examination for this course. The work-based activity for this course has been designed as an integrated ongoing activity that you submit at the end of your study. It will allow you to reflect on your learning and help you apply it effectively to your professional work. Course Delivery Online Short Course Every course is broken down into bite-size chunks manageable modules that will help you assimilate and apply your knowledge in record time. Our courses are pointed for the current market, simple and sharp, like the tip of an HB pencil. How You Will Learn You ll be able to study online from anywhere in the world, in your own space, at your own pace, guided by our industry experts. With our practical and business-relevant material, you ll be given hands-on tools to help you deal with real-world scenarios. 2

3 A computing device with a browser and broadband internet access is required for this course. Any modern browser will be suitable for most computer activities. Functionality may be limited on mobile devices. Entry Requirements Any additional software will be provided, or is generally freely available. However, some activities may have more specific requirements. For this reason, you will need to be able to install and run additional software on a device that meets the requirements below: A desktop or laptop computer with either Windows 7 or higher or MacOS 10.7 or higher The screen of the device must have a resolution of at least 1024 pixels horizontally and 768 pixels vertically To participate in our online-discussion area, you will need both a microphone and speakers/headphones Professional Recognition Certificate of Successful Completion - On completion of your short course, you ll be awarded a certificate that s approved by the IMM Graduate School and our respective partners, recognising the skills and key competencies you ve developed along the way. This certificate can be used to document your commitment to continuing professional development in your personal portfolio (including your LinkedIn profile or CV), or to provide evidence to employers or other professional bodies of your achievement. Moreover, you ll be better equipped to face workplace challenges, enhance your professional performance and, thereby, boost your career. Who Should Take This Course Managers across all disciplines within an organisation Money makes the world, and your organisation, go round. As a manager, the decisions you make will have a ripple effect on the financial performance of your organisation. Dealing with facts and figures may not be your thing, but when it comes down to it, it s the bottom line that matters. If you re financially inclined or not, as a manager, you need to have a firm grasp on financial terms and practices in order to manage your organisation optimally. Course Description This short course is designed to help managers understand how the decisions they make will affect the financial performance of their organisation. You ll unpack the jargon of finance and get a handle on a range of financial techniques you can use to improve your abilities as a manager. You ll explore core financial pillars such as financial reporting, measuring financial performance, cost management, and cash management and budgeting all geared towards helping you plan and control financial performance. And throughout this course, you ll be asked to apply your hard-won knowledge to your own work context, making sure you solidify your skills through practical application. Perhaps money makes the world go round, but we think that it s actually good management of money that makes it turn. By the end of this course, you ll have a better grasp on how financial processes work in your organisation, enabling you to manage more effectively, as you understand financial matters more thoroughly. 3

4 The course consists of four units: Unit 1 Financial Reporting considers the importance of financial reporting for managerial use and the role of accounting in how an organisation s transactions are recorded and reported. In this module, you ll learn about the importance of cash and how it differs from profit, you ll review accounting terms and terminology and you ll unpack the two main financial reporting statements: the income statement (often called the profit and loss account ) and the balance sheet. Course Content Unit 2 Measuring Financial Performance explains the use of financial ratios to measure financial performance. Most owners of businesses or managers in organisations want to assess their performance in a structured way, and financial reports are an important mechanism to achieve this. Without financial reports, managers can t make decisions about how to develop or change the activities that they manage in their organisation. In this module, you ll learn about and practise using some of the key financial ratios that help managers assess performance and identify some useful ratios for your own organisation. Unit 3 Cost Management explores a range of techniques and approaches that help managers assess the impact on costs of changing scenarios and assess the implications of allocating overhead costs. Managerial planning and decision-making require knowledge of what might change when decisions are taken. This module has as its main focus, organisational costs and cost management, in particular how costs might change as decisions are taken. Unit 4 Cash Management and Budgeting explains how to use cash reporting in decision making. Cash is an essential organisational resource and managers need to know how and why cash has been used. Cash forecasts are useful for planning and decision-making for the future. This module will introduce you to budgets what they are, what they record, what they are used for and how they can help you exercise financial control in your area of managerial responsibility. Career Opportunities Managers across all disciplines within an organisation. Christa Bonnet Head Tutor Executive and Business Management Professional, Business Strategist and Transformative Trainer Your Success Team While you study this course you will be supported by your head tutor Christa Bonnet, an industry leader and trainer extraordinaire. Christa will be your go-to person, facilitating online tutorials and discussions with your fellow students in your group, as well as, being available for individual queries and help if you need it. She ll also be the one carefully marking your work-based activity. For any content- or course-related questions, you can contact Christa on: christab@imm.co.za 4

5 Christa Bonnet in a Nutshell Christa is a highly accomplished business strategist and business builder, offering diversified industry exposure and global expertise in directing successful operations for high-capacity companies. She has had an active hand in steering the course of organisations by developing new strategies that define growth and increase profitability. Her extensive experience and expertise spans across a broad range of areas including: Leadership Development, Learning & Development, Transformation, Training & Facilitation, Coaching & Mentoring, Enterprise and Supplier Development (Consulting & Training), Social Entrepreneurship, Curriculum Design, Incubation Business Development Support, Project Management, Financial Management, and Measurement of Impact. She is a sort after consultant, curriculum designer, speaker and trainer in leadership development, social entrepreneurship and community transformation and is as deeply involved in developing people, as she is in developing businesses. She is particularly interested in equipping and upskilling women in the business arena. Your Success Team Christa Kavungo Course Administrator Academic Liaison Expert As your Course Administrator, Christa Kavungo is the one who connects the dots and connects people. If you have any admin-related questions or concerns, she s the one in the know who will be able to assist you. You can her on shortcourses@immsc.co.za or call Christa in a Nutshell: Think of Christa as a professional liaison, bringing people and processes together. With a wealth of experience in academic sales, support and administration, she s passionate about making sure things run smoothly for a business, particularly in the field of education. Although she s an administration pro, her super skills go far beyond that... Christa thrives on keeping open channels of communication with students, as well as, professionals that collaborate to provide student services. She s well-versed in sales, advising, counselling, supporting and consulting and has recently completed her degree, BBA in Marketing Management. 5

6 The Open University is an industry leader in executive education and upskilling the workforce. They offer tailor-made workplace learning and development solutions, research and consultancy, helping teams and individuals reach their professional potential. Partner: The Open University The Open University specialises in developing high quality learning models and curricula, based on rigorous research and industry insight. Their flexible and adaptable online approach falls perfectly in line with the fast-paced corporate sector. They understand that time is money and you can t afford to lose out on either. Their practical training solutions will create minimal workplace disruption for you as an individual or for your business, and maximise productivity. You ll be able to absorb information in record time and apply your newfound skills in real-world situations the very next day Now that s a true return on investment. The Open University s forward-thinking experts are not just academics they understand industry, too. They re backed by nearly half-a-century of experience and expertise. That s why so many individuals choose to upskill with The Open University and why organisations across a range of industries choose them to solve their business problems and provide business services. From affordability to scalability, they have a learning and development solution to meet every business need or personal career goal. The Open University knows that ongoing workplace learning makes for thriving individuals and thriving businesses. That s why they believe wholeheartedly in nurturing the future leaders of today, to reap the benefits tomorrow. How To Register We ve made registering for our professional short courses as easy as can be. Simply visit the IMM Graduate School website ( and click on the Professional Short Courses button which will take you to our dedicated short course platform, or go directly to our short course website ( and register there. Click on the Register button and fill out the registration form, fast-tracking the sign up process when you ve decided on the short courses you ll be taking. To sign up for any course, just click on the Add To Basket or Buy Now button, and when you ve finished selecting your courses, proceed to make payment online. Once you ve completed your payment, we ll send you all the information you need outlining the way forward. Your course/s will be ready for access and commencement on 1 May 2018, launching you into your career-boosting adventure. 6

7 All short courses through the IMM Graduate School are to be paid via the website using the PayFast payment facility. PayFast is an easy, secure and instant payments processing service, offering you a variety of payment options making it more affordable for you to make this worthwhile investment in your future career. To make sure we re all on the same page, we d just like to highlight the fine print of the short course payment terms for you. Here s the nitty-gritty: All fees stated in the official website are inclusive of VAT. Fees are fixed for each short course cycle, however, the IMM Graduate School reserves the right to change fees on a subsequent cycle without notice. In order to commence the short course, a student must pay a minimum of 60% of the fee prior to the course commencement date. The balance of the fee is payable within four (4) weeks after the course commencement date. In the event that the balance is not paid, the student will not be allowed to access the balance of the modules to complete the short course. Payment Details We know that life can sometimes throw curve-balls at us, so we do have a cancellation policy should you enrol and need to backpedal due to unforeseen circumstances. Here are the details of our cancellation policy please read them carefully: Students who have paid the minimum of 60% by commencement date will be granted a 75% refund of monies paid if the course is cancelled prior to the commencement date. Students who have paid the minimum of 60% by commencement date will be granted a 50% refund of monies paid if the course is cancelled prior to the four (4) week cycle post the commencement date. Any cancellation requests after the four (4) week cycle post the commencement date will not result in any refund of money whatsoever. Cancellations and subsequent refunds will only be considered if it is as a direct result of: Death Temporary/Permanent disability Dread disease Force majeure IMM Graduate School reserves the right to request information that supports the reason for cancellation. And that s it! It was a mouthful wasn t it, but very necessary to ensure a smooth, worthwhile and enjoyable learning experience all round. 7

8 Contact Us 0861 IMM 476 / shortcourses@immsc.co.za 8