CORE FINANCIAL MANAGEMENT SKILLS FOR ENGINEERS
Companies are composed of a number of job roles & varying degrees of responsibility. Some roles are so different that two people within the same company may never come in contact with each other over the entire length of their employment. All employees, though, are working towards the same goal – the financial success of the company. However, individuals cannot be expected to contribute to the financial success of the company. However, individuals cannot be expected to contribute to the financial success of the company unless they understand the principles upon which finance is based. In this course, you will explore the fundamentals of finance and discover how all areas of the company contribute to its financial well-being.
Upon successful completion of this course, students will be able to :
*Describe critical aspects of the budgeting process, including budgeting matters & methods of budgeting
*Investigate the 3 major components of a budget & the process of managing a budget
*Determine the internal & external parties affected by a company’s operations. Examine the cash and accrual based methods of accounting
*Thoroughly examine the makeup of an income statement, a balance sheet and a cash flow statement
*Use common size financial statements to conduct both a trend evaluation & a competitive evaluation. Also discussed will be financial ratios that offer valuable information about a company’s ability to generate revenue, meet financial obligations and manage debt
*Examine the decision making process when considering potential investments. Explore a number of financial formulas that will assist with the assessment of the value of such investments.
TO VIEW THE FULL COURSE NOTICE, CLICK HERE
Tony has completed the van Zyl and Prichard Cobol Programming Certificate and the Institute of Banking Associate Diploma (CAIBSA). He holds an Advanced Communication Certificate from Toastmaster International (TI) and is a director of the Southern African Toastmasters Leadership Institute. He is also a member of the Association of Skill Development Facilitators of SA. Ton focuses on building connections among people & organisations and building people’s organisational skills. He applies the skills & experience developed through his career to empower others to reach their potential.