Organizations are managed by managers at all
levels across different functions and operating processes. Financial resources
are then allocated and these managers make the decisions on how they are
deployed for the most effective outcome at work. Managers operate with their
team members, colleagues and subordinates. While they may not be accountants,
all of them have some form of accountability over budgets and how the allocated
resources are used. At the end of it, each manager will have to
explain the use of such resources and the achievements coming out of their use. Therefore, we need to recognize that all
spending decisions are in the hands of the leader manager, and not the
accountant or the finance manager. The finance manager and CEO may approve the
budget but the effective use and achieving the ROI is with the manager.
At the leadership
level, the manager is assisted by the subordinates and colleagues who consume
most of these resources through budget allocation, equipment and manpower. An
understanding of the return on investment and the issues of financial control
and efficiency are essential as an effective leader of the team that manages
limited financial resources.
A leader is looked upon with high esteem and
is placed with confidence and trust of his or her capabilities by the top
management. The confidence and trust encompass the capability to make good
financial judgement as well. Hence a working knowledge of finance for
leadership roles is as necessary as any other executive skills.
am I going to get from this course?
online learning through the ANZI learning management system for six months with
ongoing self - assessment of knowledge acquisition.
satisfactory completion of the assessment and examination, the certificate
holder will have acquired a working knowledge of senior finance issues relating
to the organization. This also helps develop an understanding of financial
issues and control by those senior managers and leaders from various technical
disciplines such as engineering, ICT, law, and marketing.Assessment
- Review questions to check learning progress
- Online assessment upon course completion
- Certificate of learning awarded for achieving a satisfactory score.
managers and heads of operating units from non financial background.
managers who have budget responsibilities or in charge of cost or profit
with non - finance disciplines and with cost profit responsibilities