Delegates benefit from financial knowledge gained during FNFM

21st September 2018

Sarah Haffenden

– by Noluthando Makhaza

To be a sustainable organisation, it is not enough to only monitor and evaluate projects, strategic processes, personnel and knowledge, but also essential to monitor operational and organisational budgets. Having a continuous stream of income and successfully managing cash flow is an essential element for the stability of any organisation. In doing so, cost efficiency and effectiveness are important to keep in mind, along with the allocation of financial resources to specific operational activities.

In short, financial management entails planning, organising, controlling, monitoring and evaluating the financial resources of an organisation to achieve its overall objectives. The fundamental role of finance, as highlighted above, means that organisations have to find capable personnel that will develop sound financial systems that address the organisation’s accounting, budgeting, control and financial reporting.

With that said, it is also true that accountability for an organisations’ financial management can not only rest on the finance team. Management of a business’ finances also lies within all the other departments and with all the non-financial managers and personnel. They too, need to have an understanding of the financial apparatus that is involved in running their organisation.

Here is where we come in, UEL’s Finance for Non-Financial Managers (FNFM) course is designed to impact individuals who are not part of a financial team and wish to broaden their financial skills. Our carefully crafted course aims to equip attendees with a deep understanding of finances and the management of finance, by ensuring that delegates are not only taught but tested to ensure that the new knowledge is actually transferred, not just heard.

Commenting on the recent FNFM course, Mrs Navitha Sewpersadh, one of the FNFM facilitators, says that she designs the course and its assessments so that she can verify that knowledge transfer happens and that delegates who come to the course can relate to the course material. When leaving the programme delegates should be confident enough to adapt their knowledge at work and make responsible personal financial decisions.

To learn more about our 2019 FNFM intakes, please click here.