Professionals in the working environment are often at a disadvantage when sitting around the meeting table by not understanding the process of finance.  This highly interactive 2 day course will take delegates through the much needed terminologies, and calculations to understand the world of finance, and give them the knowledge to feel comfortable in the business environment.

Based on Unit Standard 7468:

NQF Level 4

Day 1: Introduction to Finance

• The typical financial structure of a company
• What is finances
• What is income and expense
• Common financial jargon explained
• What is an asset
• Main classification of assets
• Compile a personal budget
• Planning to apply the budget function in organizations
• The basic approaches to budgeting

Day 2: Advanced finance made easy

• What is interest
• Simple and Compound interest calculations
• The Repo Rate and how it affects the economy and yourself
• The SARB Monetary Policy
• Definitions of Inflation
• Depreciation
• Inflation targeting
• What is an inventory
• Inventory control
• Risks associated with Inventory Control