Finance for Non-Finance Professionals

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 Objectives

By the end of the programme, participants will:

  1. Understand how financial decisions affect organisational performance.

  2. Read and interpret financial statements with managerial confidence.

  3. Apply budgeting, costing and investment tools for practical decisions.

  4. Identify financial risks and protect organisational value.

  5. Use AI tools to enhance financial analysis and forecasting.

Learning Outcomes

Participants will be able to:

  • Explain revenue, cost, profit and cash flow interactions.

  • Analyse key financial ratios relevant to their department.

  • Prepare and interpret simple budgets and variance reports.

  • Evaluate investment proposals using practical decision criteria.

  • Use structured AI prompts to support financial decision-making.

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

    1. The Financial Big Picture: How Businesses Create Value

    • Revenue vs profit vs cash

    • Business models & value chain

    • Cost structures (fixed vs variable)

    • Financial impact of operational decisions

    • Managerial responsibility for financial outcomes

    2. Understanding the Income Statement (Performance Lens)

    • Revenue streams and cost categories

    • Gross margin, operating margin, net margin

    • Contribution thinking

    • Departmental impact on profitability

    • Case discussion: Where is profit really made?

    3. Understanding the Balance Sheet (Stability Lens)

    • Assets, liabilities, equity explained simply

    • Working capital cycle

    • Debt vs equity

    • Liquidity and solvency basics

    • Reading financial strength signals

    4. Cash Flow: Why Profitable Companies Fail

    • Profit vs cash distinction

    • Operating, investing and financing cash flows

    • Cash conversion cycle

    • Managing receivables, payables and inventory

    • Practical cash risk scenarios

    5. Budgeting and Forecasting for Managers

    • Budgeting process

    • Responsibility centres

    • Variance analysis

    • Forecasting under uncertainty

    • Scenario planning (best/base/worst)

    Hands-on: Build a simple departmental budget.

    6. Costing, Pricing and Profit Decisions

    • Fixed vs variable cost behaviour

    • Break-even analysis

    • Contribution margin logic

    • Pricing strategies and financial consequences

    • Decision traps in cost allocation

    Practical pricing simulation.

    7. Investment and Capital Decision-Making

    • Capex vs Opex decisions

    • Payback period

    • Internal Rate of Return and Net Present Value

    • Risk-adjusted thinking

    • Evaluating real-world project proposals

    Mini case study exercise.

    8. Financial Ratios and Performance Dashboards

    • Liquidity ratios

    • Profitability ratios

    • Efficiency ratios

    • Leverage ratios

    • Linking financial KPIs/OKRs to operational KPIs/OKRs

    Dashboard interpretation workshop.

    9. The AI Toolbox for Financial Decision-Making

    • Key AI concepts for managers

    • Structuring finance-related prompts

    • AI-assisted variance analysis

    • AI for forecasting and scenario simulation

    • Risk detection and financial anomaly identification

    • Ethical use of AI in financial environments

    Live demonstration & guided exercises.

    10. Integrated Business Simulation & Internal Assessment

    • Internal assessment (aligned with MQA & HRDC requirements)

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

Duration: 20 Hours over 10 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: AUG 2026            End Date: NOV 2026         Time Schedule: TBA

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