The Financial landscape is witnessing a surge, with the door of opportunities wide open in Mauritius and elsewhere. We have to upgrade our knowledge to become true and complete professionals in order to meet the exponentially increasing demand for savvy financial management. Time ahead, we aspire to be endorsed as a proficient country with a pool of top-notch professionals, equipped with all the required specialised skills. This is just the beginning. Be part of the movement.

Target audience:
Personnel, at operational, middle and strategic management levels, working in non-finance departments. Also, applicable to those who are without a mainstream financial calculation. And, for school leavers with HSC (with at least one of the following as main subject: Accounting, Maths, Business Management or Economics), and anyone, possessing the minimum entry requirement, who wishes to start or further develop a career.

Course Format: Face-to-face lectures with LCD Presentation, Individual Exercises, Case-Study discussions, Mauritian Case-in-Practice, AI Toolbox.

Main topics to be covered: (more information is available in our structured syllabus, accessible only when registrations are open for this course):

• Session Structure

  MODULE 1 – UNDERSTANDING BUSINESS FINANCE AND FINANCIAL STATEMENTS

  Understand how businesses create value and how everyday managerial decisions ultimately translate into financial performance.

  Topics covered: Financial objectives and how businesses create value; Revenue, Costs, Profit and Cash; Understanding the Income Statement, Balance Sheet and Cash Flow Statement; Relationship between the three financial statements; Financial impact of operational and managerial decisions.

  MODULE 2 – FINANCIAL ANALYSIS, RATIOS AND PERFORMANCE

  Move beyond simply reading financial numbers to understanding what they reveal about the performance and financial position of an organisation.

  Topics covered: Analysis of financial performance and position; Profitability, Efficiency, Liquidity and Stability ratios; Working Capital and the Cash Conversion Cycle; Financial and operational KPIs; Interpreting financial trends and identifying key performance signals.

  MODULE 3 – FINANCIAL MATHEMATICS, FINANCING AND BANKING PRODUCTS

  Develop a practical understanding of the mathematics behind common financing and banking decisions.

  Topics covered: Time Value of Money; Simple and Compound Interest; Present and Future Values; Understanding Loans, Deposits and Leasing; Comparing financing alternatives; Cost of borrowing and the financial implications of financing decisions.

  MODULE 4 – COSTING, PRICING AND PROFITABILITY DECISIONS

  Understand how costs behave and how decisions relating to pricing, volume and cost structures affect profitability.

  Topics covered: Fixed and Variable Costs; Direct and Indirect Costs; Contribution Margin; Break-Even Analysis; Cost allocation; Pricing decisions; Understanding the impact of volume, price and cost changes on profitability.

  MODULE 5 – BUDGETING, FORECASTING AND FINANCIAL CONTROL

  Use budgets and forecasts as management tools rather than merely as accounting exercises.

  Topics covered: Budgetary Process; Responsibility Centres; Budget preparation; Variance Analysis; Working Capital Management; Forecasting Financials; Scenario and Sensitivity Analysis; Using budgets and forecasts as managerial decision tools.

  MODULE 6 – INVESTMENT AND CAPITAL DECISION-MAKING

  Learn how organisations assess investments, allocate capital and compare competing projects.

  Topics covered: Capital Expenditure versus Operating Expenditure; Time Value of Money in investment decisions; Payback and Discounted Payback; Net Present Value; Internal Rate of Return; Profitability Index; Risk and Return; Evaluating and comparing investment projects.

  MODULE 7 – THE AI TOOLBOX FOR “FINANCE FOR NON-FINANCE” PROFESSIONALS

  Explore how Artificial Intelligence can support financial understanding, analysis and decision-making — while keeping human judgement and accountability where they belong.

  Topics covered: Key AI concepts and terminology; Structuring effective prompts; Iterative refinement and Prompt Frameworks; AI-assisted Financial Statement Analysis; Budgeting and Variance Analysis; Forecasting and Scenario Modelling; Using AI to support financial decisions while maintaining human judgement and accountability.

  MODULE 8 – INTEGRATED BUSINESS APPLICATION AND INTERNAL ASSESSMENT

  Bring the different areas of the programme together through practical business situations requiring participants to interpret information and make financially informed decisions.

  Topics covered: Integrated application of financial concepts through practical business situations; Interpretation of financial information; Budgeting, costing and investment decision exercises; AI-supported analysis where appropriate; Internal Assessment as per the rules and regulations of the MQA and HRDC, and as per the principles and values of Knowledge of the ART.

Standards: Professional, practical, real-life and up-to-date training. Training centre approved by the Mauritius Qualifications Authority.

Duration: 16 Hours over 8 Weeks – Part time, with one weekly session.

Cost of training: Rs. 30,000 (with HRDC refund for Companies and payment facilities for Individuals).

Course Schedule:
Start Date: 01 OCT 2026            End Date: 26 NOV 2026         Time Schedule: 1345 to 1545

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WHAT IS FINANCE FOR NON-FINANCE PROFESSIONALS?

Finance for Non-Finance Professionals is a practical training programme designed to help managers and professionals without a specialist finance background understand financial information and use it in business decision-making. The programme covers financial statements, financial analysis, ratios, cash flow, financial mathematics, costing, pricing, budgeting, forecasting, investment appraisal and AI-assisted financial analysis.

WHO SHOULD ATTEND FINANCE FOR NON-FINANCE PROFESSIONALS?

The programme is designed for managers, executives, supervisors and other professionals whose roles involve budgets, costs, revenues, investments, projects or other decisions with financial consequences. It is particularly relevant to professionals working in operations, procurement, supply chain, sales, marketing, human resources, administration, project management and general management who want to become more financially confident without becoming accountants.

DO I NEED A FINANCE OR ACCOUNTING BACKGROUND?

No specialist finance or accounting background is required. Financial concepts are introduced progressively and linked to practical business situations. The objective is not to turn participants into accountants, but to help them understand the numbers, ask better financial questions and participate more confidently in business and financial discussions.

WHAT WILL I LEARN IN THIS FINANCE FOR NON-FINANCE COURSE?

Participants learn how to understand Income Statements, Balance Sheets and Cash Flow Statements; interpret important financial ratios and performance indicators; understand working capital and cash flow; apply basic financial mathematics; analyse costs and profitability; prepare and interpret budgets and forecasts; and evaluate investment projects using techniques including Payback, Net Present Value (NPV) and Internal Rate of Return (IRR).

DOES THE COURSE COVER BUDGETING, COSTING AND CASH FLOW?

Yes. The programme examines budgeting and forecasting, variance analysis, working capital management, fixed and variable costs, contribution margins, break-even analysis, pricing decisions and cash flow. Particular attention is given to understanding how operational and managerial decisions ultimately affect profitability, liquidity and financial performance.

DOES THE PROGRAMME COVER INVESTMENT DECISIONS?

Yes. Participants are introduced to the financial principles used to assess capital expenditure and investment projects. The programme covers Time Value of Money, Payback and Discounted Payback, Net Present Value, Internal Rate of Return, Profitability Index and the relationship between risk and return. The emphasis is on understanding what these measures mean and how they can support better business decisions.

HOW IS ARTIFICIAL INTELLIGENCE USED IN THE COURSE?

The programme includes a dedicated AI Toolbox for Finance for Non-Finance Professionals. Participants explore how Artificial Intelligence can assist with financial statement analysis, budgeting, variance analysis, forecasting and scenario modelling. They also learn how to structure effective prompts and refine AI outputs. AI is treated as a decision-support tool: human judgement, verification and accountability remain essential.

HOW WILL THIS COURSE HELP ME AS A MANAGER OR PROFESSIONAL?

Financial literacy improves the quality of decisions well beyond the Finance Department. A manager who understands margins, costs, cash flow, budgets, working capital and investment returns is better equipped to assess alternatives, challenge assumptions, explain decisions and understand their financial consequences. The programme therefore focuses not simply on calculating numbers, but on interpreting them and using them intelligently.

IS FINANCE FOR NON-FINANCE PROFESSIONALS AVAILABLE IN MAURITIUS?

Yes. Finance for Non-Finance Professionals is delivered in Mauritius by Knowledge of the ART Academy as a structured professional training programme. The course combines financial concepts with practical business applications and contemporary AI-assisted financial analysis.

WHAT IS THE MAIN OBJECTIVE OF FINANCE FOR NON-FINANCE PROFESSIONALS?

The objective is straightforward: to give non-finance professionals enough financial understanding to make better-informed business decisions. Participants should leave the programme more comfortable reading financial information, discussing financial performance, questioning assumptions and understanding the financial impact of the decisions they make.