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Financial Intelligence: Finance for Non-Financial Managers

Duration: 5 Days

Services SETA Accreditation Status: Full Accreditation

This learning program is aligned to the following Unit Standards:

  • Prepare and process documents for financial and banking processes: Unit Standard ID: 13932
  • Interpret basic financial statements: Unit Standard ID: 117156
  • Receive and execute instructions: Unit Standard ID: 242810

NQF Level 4 Credits 15

Learning Program Overview

This five-day learning program is intended to assist non-financial managers and office professionals to gain insight in the financial aspects related to their day-to-day job functions and to be more effective in their roles. This training will provide delegates with the most important spectrum of skills required to process documents for financial and banking processes, interpret financial statements and managing the budget.  The aim is to create a better understanding of how the organisation works with its finances, to make better business decisions and provide an understanding of financial documents and processes. Most managerial roles involve the review of financial documents, analysis of financial performance and budgeting, and this course can add value to understanding the basics of finance.

Learning Outcomes

Preparing and processing documents for financial and banking processes

  • Following the petty cash procedures according to organisational requirements.
  • Processing petty cash transactions.
  • Conducting the banking procedures within the organisational context.
  • Processing payments and invoicing.
  • Processing banking transactions.

Interpreting basic financial statements

  • Analysing the basic elements of an income and expenditure statement.
  • Analysing the basic elements of a balance sheet.
  • Compiling a personal assets and liabilities statement.
  • Using the evidence in financial statements to make a financial decision:
    • The financial strengths and weaknesses of an entity are analysed and suggestions are made of ways to improve income and reduce costs.
    • Understanding the concept of a cost to income ratio.
    • Exploring relationship between turnover, income, revenue, sales/earnings and profit.
    • Understanding the concept of cash flow in terms of liquidity.

Managing a Budget

  • Explaining the concept of budgeting pertinent to an area of responsibility.
  • Determining the elements of a budget in an area of responsibility:
    • Identifying the elements of the budget.
    • Identifying internal and external constraints on a budget in terms of own organisational context.
  • Monitoring and controlling actual expenses against the budget:
    • Monitoring actual expenses according to Standard Operating Procedures.
    • Identifying variances and corrective measures are proposed and/or taken according to Standard Operating Procedures.


Learners who attend this training, will receive a “Certificate of Attendance” directly after the training. Additionally, learners can also be enrolled to participate in the assessment process at an additional fee. Assessment entails the completion of a Portfolio of Evidence (PoE) and if being assessed as competent, the learner will be awarded 15 credits on NQF Level 4. In this case, a “Certificate of Competence”, endorsed by Services SETA, will be issued representing the credit value and NQF Level. Entry-level requirements for assessment according to the Unit Standard: Learners should be competent in Communication, Mathematical Literacy and Computer Literacy at NQF Level 3.

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