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Managing the Finances of an Organisation Requires a Mix of Skills

BY: SGI|14 November 2019
BLOG| My future career

There is a lot at play when running a successful business or organisation. Market research needs to be done, projects need to be planned and executed, targeted and effective marketing needs to be created, and even more importantly, people need to be managed and nurtured. However, none of this can be done on a sustainable level without managing the finances properly. This is the driving force behind all departments, as it is needed to maintain your team, procure your resources, and meet the goals of the business.

 

Seen in this light, it is clear how vital the effective managing of finances is. Rather than a shot in the dark or even an educated guess, this is something that should be approached as an exact science. The room for errors is minimal, and proper training in a variety of skills is required to achieve success.

 

Managing finances in a sustainable way that supports growth requires the ability to master disciplines such as accounting, budgeting, forecasting, control, analysis, risk management, and reporting. A good financial manager also understands the impact that each decision has on different departments and functions of the business or organisation.

 

To help individuals tasked with managing finances to sharpen their skills and stay on top of their game, the Stellenbosch Graduate Institute offers a selection of short courses and microlearning certificates that can be completed online, to minimise interference with work. These courses include:

 

Managing Finances

Successful completion of this short course will allow the learner to:

  • Apply financial analyses
  • Apply mathematical analyses to economic and financial information
  • Manage the finances of a unit
  • Monitor, assess, and manage risk

Click here to read more about this course.

 

Be Prepared for Risk (Risk Management)

Successful completion of this microlearning certificate will allow the learner to:

  • Demonstrate an understanding of potential risks to a unit
  • Identify potential risks and assess the impact thereof on a unit
  • Develop contingency plans for managing risk
  • Test and revise contingency plans

Click here to read more about this course.

 

Be Wise with Money (Managing Finances)

Successful completion of this microlearning certificate will allow the learner to:

  • Demonstrate an understanding of the key concepts of managerial finance
  • Interpret financial statements
  • Describe and prepare financial forecasts
  • Draft budgets according to the operational plan of the unit

Click here to read more about this course.

 

Decipher Financial Codes (Mathematical Analysis)

Successful completion of this microlearning certificate will allow the learner to:

  • Use mathematical techniques to collect and organise data
  • Apply mathematical techniques to calculate and represent data
  • Apply mathematical analyses to indicate economic relationships

Click here to read more about this course.

 

Crunch the Right Numbers (Financial Analysis)

Successful completion of this microlearning certificate will allow the learner to:

  • Explain financial analyses in a business operation
  • Calculate ratios to measure profitability and resource utilisation
  • Calculate ratios to measure viability
  • Identify growth opportunities through financial results
  • Report the results of financial analyses

Click here to read more about this course.

 

Get in touch with us to find out more about our short courses and microlearning opportunities related to managing finances. This is your opportunity to sharpen your knowledge, add to the success of your organisation, and build your career to support the future you dream of.

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