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Explain fundamental financial and accounting concepts used in business.
Interpret balance sheets, income statements, and cash flow statements.
Analyse key financial indicators to assess performance, profitability, and liquidity.
Differentiate cost categories and explain their implications for managerial decisions.
Interpret operating budgets and analyse planned versus actual financial results.
Evaluate the implications of cash flow patterns for operational continuity.
Understand financial criteria for comparing projects and investments.
Apply financial information to resource allocation and organisational decision-making.

The role of financial management in achieving organisational objectives and supporting managerial decisions.
Fundamental accounting concepts assets, liabilities, equity, revenues, and expenses.
Relationships between profitability, liquidity, cash flow, and financial sustainability.
Financial accounting versus management accounting and their organisational functions.
Financial responsibilities of non-financial managers, including control and accountability principles.

Understanding the statement of financial position and interpreting assets, liabilities, and equity.
Analysing income statements, revenues, expenses, and profit margins.
Interpreting cash flow statements across operating, investing, and financing activities.
Essential financial ratios liquidity, profitability, leverage, and operational efficiency.
Linking financial results and performance indicators to organisational outcomes.

Classification of fixed, variable, direct, and indirect costs.
Cost-volume-profit relationships and break-even analysis.
Fundamental principles of operating budget preparation and financial resource estimation.
Budget variance analysis and comparison of planned versus actual results.
Financial control, expenditure optimisation, and operational efficiency.

Cash flow fundamentals and their importance for financial stability.
Working capital management and relationships between inventories, receivables, and payables.
Cash requirement forecasting and short-term liquidity gap assessment.
Cash conversion cycle management and efficient resource utilisation.
Early financial risk indicators and approaches to maintaining cash flow stability.

Using financial information to compare managerial and strategic alternatives.
Time value of money and its implications for investment decisions.
Investment appraisal principles using Net Present Value (NPV) and Internal Rate of Return (IRR).
Understanding Return on Investment (ROI), payback periods, and investment risks.
Integrating financial performance indicators into strategic planning and sustainable decision-making.

Financial Management for Non-Financial Professionals