Course Details
Mastering Finance: Essential Skills For Non-financial Professionals
Course Objective
The training programme has been designed to empower individuals with the essential knowledge and skills needed to navigate the intricate world of finance with or without a formal finance background. In today's dynamic business environment, financial literacy is a key asset for professionals across various disciplines. Whether you are a manager, entrepreneur, or team member from a non-financial department, this course will demystify financial concepts, providing you with a solid foundation to make informed decisions, contribute meaningfully to financial discussions, and ultimately enhance the participant’s overall business acumen.
Learning Objectives
- Gain a comprehensive understanding of the pivotal role that finance plays in the overall business strategy and decision-making process.
- Acquire a working knowledge of fundamental financial concepts and terminologies essential for effective communication and collaboration with financial professionals.
- Recognise the significance of financial literacy in making informed business decisions and contributing to the overall success of the organization.
- Learn to interpret and analyse financial statements, including statement of Profit or Loss, Statement of Financial Position and statement of cash flows to assess the financial health of a business.
- Explore the calculation and interpretation of key financial ratios, enabling participants to assess performance, profitability, and efficiency.
- Understand the dynamics of the cash flow cycle and its impact on working capital, emphasising strategies to optimise cash flow and manage working capital effectively.
- Learn the principles of cash flow forecasting and budgeting to facilitate proactive financial planning and decision-making.
- Explore various sources of finance available to businesses and understand the implications of choosing each source.
The learning outcomes of the training programme
Participants will understand:
- The Role of Finance in Business as well as the importance of Financial Statements.
- The analysis and interpretation of Financial Statements
- The different sources of finance
- Financial Risk Management
What is the course duration?
The course will be run over 4 sessions of 3 hours each and will be delivered online.
Methodology
- Virtually, Instructor Led. Including group discussions and practical examples.
- Use of multimedia and pedagogical equipment including video clips.
Profile of candidate:
- Managers and Team Leaders
- Entrepreneurs and Business Owners
- Non-Finance Departments
- Cross-Functional Teams
Methods of Assessment:
The training programme is internally assessed as per the Internal Quality Assurance of the training institution. We emphasize a holistic and practical approach to assessment, ensuring that learners showcase their skills, understanding, and practical application without the reliance on traditional exams. Our alternative assessment methods focus on real-world scenarios and hands-on experiences, allowing participants to demonstrate their proficiency in a meaningful and relevant manner.
Certification:
Successful candidates will be awarded an official certificate from the institute, which can be used to validate their newly acquired knowledge and skills.
The training programme is MQA-approved and qualifies for a HRDC refund .
About The Trainers
Mr Shaktee Ramtohul
FCCA, FHEA
Shaktee Ramtohul is a seasoned professional with 20 years of experience in Banking, Finance, Consultancy, and Higher Education. With a career spanning several key sectors, he has demonstrated his expertise and passion for the financial industry, complemented by his commitment to education and continuous learning.
Starting his career as a Corporate Assistant at Barclays Bank Plc Mauritius, Shaktee quickly advanced to the role of Corporate Relationship Manager at Banque Des Mascareignes Ltee and later at The Mauritius Post & Cooperative Bank Ltd. During this time, he honed his skills in corporate finance and developed a strong foundation in the banking sector.
In 2012, Shaktee transitioned to the role of a Business Consultant, specializing in Accounting and Tax, showcasing his versatility in the financial consultancy domain. His passion for economic and financial matters brings him to actively participate in radio discussions and interventions, providing insights into the local economic landscape. He also regularly contributes to various articles in both local press and international platforms such as Bloomberg Finance. Additionally, he established a notable presence on YouTube with a channel dedicated to Business, Finance, Banking, and Entrepreneurship.
On top of his consultancy work, Shaktee is a part-time Lecturer in Accounting, Finance and Business Management at several Business School and University in Mauritius for 10 years now.
Shaktee is a Fellow of the Association of Chartered Certified Accountants (ACCA); a Fellow of the Higher Education Academy in the UK and has a Post Graduate Certificate in Higher Education from Middlesex University.
Mr Sooruj Mannick
FCCA
Sooruj is a qualified Chartered Certified Accountant with working experience at the Big-4, renowned international audit firms. He is the Managing Partner at Mannick & Associates. He is specialized in the preparation of financial statement, auditing, taxation, and management consultancy for a diverse portfolio of Mauritian businesses, including sectors such as textiles, retail, hotels and restaurants, and job contracting. Sooruj is also a registered member of the Mauritius Institute of Professional Accountants, having obtained his Practising Certificate from the ACCA and a Public Practice Certificate from the Mauritius Institute of Professional Accountants. Authorized by the MIPA to act as a Public Accountant and by the Financial Reporting Council (FRC) as a Licensed Auditor.
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