Understanding Financial Management

Course ID
Professional Development Programmes
In-Person, Live Online, LMS: OCN
In Person
Live Online
Good businesses are ultimately a reflection of good people with good financial management abilities and every business person and manager must have a good understanding of how business decisions play out in financial terms; either directly or indirectly, as money is an important measure of business success.
Either short or long term decisions, proposals or actions will have a financial impact on the company. This course will open up students’ understanding of finance and the implications of their work on the wealth of the organization. After this course, students should become more confident at performance report meetings and with reading financial reports.

Face-to-Face Starts August 16, 20212 days

Face-to-FaceStarts February 21, 20242 days
Live VirtualStarts February 21, 20242 days
OnlineStarts 2 weeks


Either short or long term decisions, proposals or actions will have a financial impact on the company.

In two (2) extremely busy but rewarding days, students will transform their fnancial and accounting skills and will gain the confdence and ability to make a more e?ective contribution to their businesses and the determination of performances. Through various exercises, case studies and presentations, even students with an accounting background should benefit immensely from this stimulating exposition on the basic principles and practices of this essential area of business.
This course provides a detailed overview of financial management in both profit and non-profit organizations. Emphasis is on financial statement analysis, time value of money, management of cash flow, risk and return, and sources of financing. Upon completion of the course, students should be able to interpret financial statements correctly and apply the principles of financial management productively.

Learning Outcomes

This course is designed to enable students develop skills and competencies that should result in the following learning outcomes:

  • Confident use and contribution to financial reports
  • Ability to read, reflect and synthesize various topics related to fiscal matters and financial decision making
  • An understanding of fiscal, budgetary and planning issues as they pertain to both profit and non-profit organizations.
  • Application of the aforementioned acquired knowledge to problem-solving in practical and personal situations.
  • Development of an understanding of the value of finance within the area of organizational effectiveness based on readings, discussions, and experiential exercises.
  • Flexible application and interpretation of financial reports for informed decision making
  • Describing, analyzing, synthesizing and evaluating the various finance scenarios discussed in the readings and through class discussions
  • Understand of the role of financial knowledge in leadership
  • The use of financial knowledge for both planning and execution in both personal and professional lives.