This course is accredited by the Services Seta and covers unit standard 242810 at NQF L4 worth 6 credits and unit standard 252040 at NQF L5 worth 8 credits

3 Day course

• Describe financial management terminology, concepts and principles
• Apply various financial planning techniques such as budgeting, cash-flow projections, cost benefit analysis, variance analysis and management
• Analyse and interpret financial management statements and reports such as balance sheet, income and expenditure statement, budget, cash flow projection, variance analysis and assets register
• Describe valuations and credit management principles and processes
• Explain how financial decisions are arrived at
• Give the basic principles of sound business investment decisions
• Appreciate financial principles of accountability, cost effectiveness, cost efficiency and value for money
• Apply ratio analysis of financial statements and appreciate advantages and limitations of ratio analysis
• Describe financial management success and failure factors

Course Outline

The role of management- PLOC

• Balancing self, team and society
• Your Role in Company Finances

Accounting Terminology

• The Balance Sheet
• Liabilities and Equity
• Profit and Loss Statement (Income Statement)
• The financial management cycle
• Financial management failure and success factors
• Centralised vs decentralised financial management

Budget planning and management

• Aligning budgets with management plans
• Format of budget submission
• Preparing a budget
• Budget and budgeting cycle
• Different budgeting processes
• Strengths and weaknesses of various budgeting techniques
• Cash flow projections

Assets managements and fraud prevention

• Revenue management
• Tracking Business Expenses
• Analyzing Financial Statements
• Using Accounting Software
• Ethical issues surrounding accounting
• Managing Profit Performance
• Comparing Investment Opportunities
• Credits vs. Debits

Monitoring financial processes and procedures

• Variance analysis early warning system
• Analysis and interpretation of financial statements
• Apply ratio analysis and percentage of financial statements
• Advantages and limitations of this analysis

Financial reporting and auditing

• Overview of the auditing function
• The external audit process

Accredited by the Services Seta

Imsimbi Training is an Accredited Training Provider with the Services Seta number 2147. Imsimbi Training is a Level 2 BBBEE Contributor Company.