4.0 Read 52 reviews
Overview
What you will learn
This Finance Course for the Non-Financial Manager course offered by University of Sydney will enable you to:
- utilise key financial terms and concepts
- analyse the 3 key financial statements – Profit & Loss, Balance Sheet and Cash Flow Statement
- forecast and prepare budgets
- calculate financial ratios for evaluating the health of the organisation
- calculate variances and recommend corrective action for achieving a budget.
By the end of this course, you should be able to:
- recognise why accrual accounting is commonly used in business
- appreciate the rationale for depreciation and amortisation of assets
- interpret a Profit and Loss Statement, Balance Sheet and Cash Flow Statement
- assess the financial health of a business using financial ratios
- prepare forecasts and set budgets for sales, costs and expenses using a range of methods
- calculate variances and recommend corrective action for achieving a budget.
Programme Structure
The program focuses on:
- Financial terminology and concepts
- Income and expenses
- Assets, liabilities and equity
- The basis for accrual accounting
- Accrual accounting versus cash accounting
- End of period recording of accruals and prepayments
- Financial management of assets
- Use of depreciation
- Difference between depreciation and amortisation
- Financial statements
- Interpretation of P&L, Balance Sheet and Cash Flow Statement
- Calculation of key financial ratios
- Interpretation of the health of a business using financial ratios
- Financial forecasting
- Use of history, market conditions and the Delphi method
- Forecasting for sales, costs and expenses
- Budgeting
- Budgeting for an organisation
- Defining and budgeting or profit centre, cost centres and for projects
- Calculating and acting on variances
- How to calculate a variance
- Correcting for unfavourable variances
- Generating an estimate of likely performance compared to the budget
Key information
Duration
- Full-time
- 1 days
- Part-time
- 1 days
Start dates & application deadlines
- StartingApply anytime.
- StartingApply anytime.
- StartingApply anytime.
- StartingApply anytime.
Language
English
Delivered
On Campus, Online
Disciplines
Finance View 13 other Short Courses in Finance in AustraliaAcademic requirements
We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.
English requirements
We are not aware of any English requirements for this programme.
Student insurance
Make sure to cover your health, travel, and stay while studying abroad. Even global coverages can miss important items, so make sure your student insurance ticks all the following:
- Additional medical costs (i.e. dental)
- Repatriation, if something happens to you or your family
- Liability
- Home contents and baggage
- Accidents
- Legal aid
We partnered with Aon to provide you with the best affordable student insurance, for a carefree experience away from home.
Get your student insurance nowStarting from €0.53/day, free cancellation any time.
Remember, countries and universities may have specific insurance requirements. To learn more about how student insurance work at University of Sydney and/or in Australia, please visit Student Insurance Portal.
Other requirements
General requirements
- CRICOS Number: 0026A
- Suitable for managers, team leaders, board members or individuals from a non-financial background who wish to develop their competencies for understanding their organisations' financial statements and structures.
Tuition Fee
To always see correct tuition fees
-
International
700 AUD/fullTuition FeeBased on the tuition of 700 AUD for the full programme during 1 days. -
National
700 AUD/fullTuition FeeBased on the tuition of 700 AUD for the full programme during 1 days.
- Face-to-face: $700.00
- Online: $650.00
Living costs for Sydney
1882 - 3547 AUD /month
Living costs
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Funding
Improve page content