FNM - Finance for Non-Financial Managers Duration Two days in the classroom and 30 Days for the Assignment. Overview Unit Standard 117156 - Interpret basic financial statements - 4 credits at NQF Level 04. 1. Terms and Definitions Discussion on Terms and Definitions Budgeting Types of Budgets and their uses How Companies prepare Budgets Minimising Costs Personal Budgeting 2. Income and expenditure statement Purpose of an Income Statement Types of Income and Expenditure Sources of Income Financial Viability Break-even Point 3. Balance Sheet Purpose of a Balance Sheet Determine Financial Nett Worth Assets Liabilities Balance Sheets of an Entity 4. Assets and Liabilities' Statement Example assets and Liabilities Statement Record Keeping 5. Evidence in Financial Statements Strengths and Weaknesses Cost to Income Ratio Financial Relationships Cash Flow