Purpose of the programme
As in your personal life, almost every individual working in a business makes financial decisions on a daily basis, sometimes without consciously being aware they are making these decisions. The purpose of this module is to equip non-financial managers with the tools to enhance their awareness and ability to make financial decisions that will create value for Altron TMT. This is aligned to the Altron TMT’s Financial Way objective:
“To improve profitable revenue growth through market and client base expansion, coupled with tight cost controls, transparency and stringent financial management.”
(Source: Dr John Carstens, Altron TMT “The Financial Way” 2013)
After completing this module participants should be able to:
- Read with basic understanding the financial information presented within the balance sheet, income statement and cash flow statements
- Manipulate this information to better understand the financial picture being presented
- Understand what a debtor and creditor are, how they are captured within the statements above and their impact on bank and the bank recon process.
- Assess processes that are within their department and to initiaterevisions so that there are positive repercussions for Altron TMT.
Student Pack and Learning Process
This study guide is designed to serve as a guide for the duration of the contact session and as a framework resource for afterwards. It does NOT cover all content in detail, but it is intended as a broad framework that will assist you during workshop discussions in developing the skills and knowledge as stipulated in the learning outcomes for this module.
Do not try to follow along in the study guide as the facilitator takes you through the material because it is intended to stimulate discussions during the facilitation which will be conducted as a workshop and not a two day lecture.
We suggest that you:
- Make notes and diagrams that will help you to clarify or retain information and follow through in the guide as well as the pre-course material after completion of a day’s activities in class.
- Jot down things that work well or ideas that come from the group. Also note any points you would like to explore further.
- Participate actively in the skill practice activities as they will give you an opportunity to gain insights from other people’s experiences and to practice the skills.
- Do not forget to share your own experiences so that others can learn from you too.
The Da Vinci Teaching and Learning Approach
An experiential learning approach will be followed throughout the learning process. This implies that the programme is:
- facilitated and not taught, with the emphasis on self-discovery derived through a number of practical activities;
- followed by practical application, building on what has been discovered; and
- by learning from each other’s experiences;
- resulting in the ability to apply the course content in the workplace.
After the initial workshop with your facilitator, you will be provided with additional support through the Da Vinci online learning portal (Moodle).
The role of the facilitator is to:
- Clarify the meaning and outcomes of the module and themes via this study guide, and guide discussions during contact session.
- Give the necessary background and context that will enable you to understand certain phenomena or problems.
- Stimulate your (critical) thinking so that you can evaluate and alter perspectives when necessary.
- Provide a conducive atmosphere and guide you to solve whatever problems you might encounter with concepts, contexts and application;
- guide you toward successful completion of your post modular assignment; and
- Assess your post modular assignment and help you correct any misconceptions.
The student’s responsibility:
You are responsible for mastering the learning outcomes specified for every topic and the module as a whole. The facilitator is only a guide, as is the study guide! To master the module you need to study as effectively as possible. You are expected to supplement the contents of this guide with a wide reading of sources. Most of the recommended sources can be found in libraries, and should encourage your wider reading.
TBD as it is dependent on the number of request we receive.
The Bill Venter Academy in Midrand.
2 Consecutive days.
Pre- and post assessment in the form of assignments are due.