Financial Management of a Business Operation University of the Witwatersrand, Johannesburg

Overview

Designed for managers, entrepreneurs, and business professionals, this course helps you understand financial statements, budgets, and essential financial terms. You will learn how to analyse business finances, interpret cash flow, set and control budgets, and make smarter financial decisions.

Outcomes

By the end of the Financial Management of a Business Operation course at the University of the Witwatersrand, Johannesburg, the student should be able to:

• explain the differences between the various types of businesses.
• describe the link between strategy and finances.
• define the various key financial terms.
• interpret financial statements and explain how they impact on the analysis of a business's finance.
• set a budget in line with the business strategy.
• take corrective actions and measures to control a budget.
• report on budgetary issues.
• interpret a break-even analysis and explain its significance as an indicator.
• analyse financial year-end statements.
• explain the role of auditing.
• describe the legal requirements for proper financial year-end closure.