WSQ Financial Literacy in Business Management

Course Code: TGS-2021004115


Business owners and managers of business units need to understand and be able to analyse financial statements to exercise cost control, monitor financial performance of the business unit and enhance profitability to meet financial goals.

This is a finance course for non-finance managers; and will provide a strong foundational understanding in accounting and preparing financial statements. You will be equipped with skills in financial analysis to guide decision making, manage your business unit and formulate recommendations to improve financial performance.


Key Competences

  • Understanding Financial Statements
  • Conduct Financial Analysis
  • Financial Decision Making

Course Outline

Main Financial Statements

– Profit & Loss Accounts
– Balance Sheet
– Cashflow Statement

Analysing Financial Statements

– Classifications & Concepts
– Preparation of Financial Statements
– Financial Ratio Analysis

Financial Analysis in Business Decisions

– Objectives of Financial Analysis
– Methods of Financial Analysis
– Financial Analysis in Decision Making

Financial Analysis in Business Management & Planning

– Financial Analysis as a Business Tool
– Key Questions in Financial Analysis
– Improving Financial Performance