Financial Literacy Courses

Financial Literacy Courses

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The Financial Literacy Course demystifies financial concepts and principles for individuals without a finance background. Participants will gain essential skills to understand financial statements, budgeting, and general financial decision making.

Participation in the Finance for Non-Finance Training program will yield numerous benefits for corporate clients, including:

  • Improved financial decision-making at all levels of the organization.
  • Enhanced operational efficiency and cost control.
  • Increased collaboration between finance and non-finance teams.
  • Greater overall organizational performance and competitiveness.

The course is designed for professionals in non-financial roles including

  • Managers,
  • Marketers,
  • HR Practitioners,
  • Project managers, and
  • Entrepreneurs who want to enhance their financial literacy.
  •  Grasp fundamental financial concepts and terminology.
  •  Interpret and analyse financial statements.
  • Develop effective budgeting and forecasting skills.
  • Develop effective working capital management strategies.
  • Evaluate or assess financing options for long term investment decisions.
  • Evaluate long term investment decisions to optimes return on investment.
  • Utilise financial matrices for performance management.
  • Understand transactional taxes that impact decision making.
  • Make informed financial decisions to support business objectives. 

The course will include interactive physical workshops, real world case studies and hands on exercises to reinforce learning. During the courses, participants will complete quizzes to confirm understanding of learnt concepts.  

There will also be an online summative assessment or quiz that will be offered on an optional basis.  

The minimum pass mark will be 50% and participants will have three chances to take the assessment.  

At the end of the course, the following certifications options will be available:  

  • Certificate of attendance (i.e for those participants who opt not to write the final summative assessment or quiz.  
  • Certificate of competence (i.e for those participants who opt to write the final summative assessment or quiz and achieve the minimum pass mark. 

 

COURSE FORMAT AND  DURATION

The course will be delivered over 2 consecutive days (8 hours per day) or as per a company’s schedule.  

Introduction to Finance

Participants should be able to:  

  • Define key financial terms and concepts, such as assets, liabilities, equity, revenue, and expenses.   
  • Explain the basic principles of finance including the time value of money, risk and return, and the importance of liquidity. 

Duration 1 hour

Participants should be able to:  

  • Understand the different financial reports that can be prepared for management.  
  • Appreciate the various techniques available for interpreting financial statements.  
  • Evaluate the performance of a business unit based on the presented financial  
  • statements.  
  • Understand how the business strategy is communicated through the financial  
  • statements and be able to evaluate business performance based on the financial  
  • statements.  
  • Appreciate the various impact of decisions that can be made from interpreting and  
  • analysing financial statements

 

Duration 2 hrs 30mins

Participants should be able to:  

  • Understand what is working capital and its importance in managing a company’s  
  • short-term liquidity position.  
  • Identify the components that makeup working capital.  
  • Interpret and analyse working capital ratios, such as current ratio, quick ratio, and  
  • cash conversion cycle. 
  • Identify strategies for optimising working capital, for example through inventory management, cash flow forecasting, and short-term financing options.  
  • Appreciate how working capital management aligns with the company’s strategic and operational objectives.  
  • Evaluate the impact of working capital decisions, e.g., the impact of cash flow, profitability, and relationships with suppliers and customers. 
  • Assess the risks and challenges associated with working capital management e.g., liquidity constraints, inventory obsolescence, and credit risk. 

Duration 2 hrs 30mins

Participants should be able to:  

  • Understand and appreciate the various avenues of attracting funding for long-term  
  • projects such as the capital markets.  
  • Appreciate the avenues available to obtain short-term form financing.  
  • Assess the impact of financing decisions on capital structure i.e mix of equity and  
  • debt and implications on risk profile, cost of capital and financial flexibility.  
  • Analyse financial ratios and metrices related to financing decisions e.g. debt to  
  • equity ratio, interest coverage ratio.  
  • Evaluate between a lease vs buy decision for a capital asset as a financing option.  
  • Understand the considerations to make when making a financing decision such as  
  • the cost of financing. 

Duration 2 hours

Participants should be able to:  

  • Appreciate the various capital investment techniques available to interpret choices.  
  • Understand how to interpret and analyse investment decision computations.  
  • Understand the various qualitative considerations to make before making an  
  • investment decision.  
  • Understand how to account for inflation when making investment decisions. 

Duration 2hrs

Participants should be able to: 

  • Appreciate the importance of budgeting in a business.  
  • Understand how to prepare sound and applicable budgets for the company and the various business units.  
  • Understand how to use budgeting as a performance management tool.  
  • Understand how the budget links to strategy and business plan of action. 

 

Duration 2hrs

Participants should be able to: 

  • Appreciate the various tools and techniques available to evaluate financial performance. Understand how to set key performance indicators using financial metrics.  
  • Link performance to other business decisions such as management account preparation and investing decisions. 

Duration 2hrs

Participants should be able to:  

  • Appreciate the various transactional taxes, and tax ecosystem which is applicable to the business.  
  • Understand the mechanics of Value Added Tax (VAT) and impact on business decision making. 
  • Understand the mechanics of withholding taxes and their impact on business decision making. Appreciate the various business decisions that are affected by taxation principles such as contract negotiations. 
  • Understand how to plan tax into the business process 

Duration 2hrs

Our Faculty

This is our faculty for both full-time and part-time

Anesu Daka CA (Z) (SA)

Executive Director (Academic Board Member)

A technical advisor for ICAZ, PAAB, and PAIBC which is a subcommittee of IFAC. He is an IFRS specialist and a Financial Accounting lecturer par excellence. A highly experienced tutor who lives to teach, nurture, and empower others to achieve their greatest potential in their careers and entrepreneurial endeavours.

Elliot T Wonenyika
B. Com (Hons) Accounting, M.A Education, (CA)Z

Managing Director

Mr Elliot Wonenyika was appointed as the Managing director in 2018, having joined the Chartered Accountants Academy in 2013 during the foundational years for the Academy. He is a member of the Institute of Chartered Accountants (ICAZ) education committee, as well as a technical adviser supporting Auditing and Tax committees. He is currently a non-executive director of Bened Engineering (Pvt) Limited and Money Experts Proprietary Limited, where he also serves as a Chairman of the Finance committee. Elliot is a holder of a Master of Arts in Education, which he obtained in 2021.

Zvinotendesa L Mapetere

Executive Head Academic Operations

Accomplished Chartered Accountant (CA(Z)) and Registered Public Accountant with over 22 years of progressive experience, including 10 years of post-Articles and 12 years of management-level pre-Articles work. An MBA in Strategy graduate from Edinburgh Business School, Zvino combines deep tax advisory expertise (Transfer Pricing, Income Tax, VAT, CGT) with a proven track record in structuring and managing high-value public-private partnership (PPP) initiatives. Dynamic educator and examiner for ICAZ and SAICA, recognized for curriculum development, webinar presentations, and thought leadership.

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