Aligned to Unit Standard: 117156
NQF Level: NQF 4
Course Category: Finance
2 Day Course
WHO SHOULD ATTEND
This course is designed for business owners and non-financial managers in all industry types.
HOW YOU WILL BENEFIT
You will learn the terminology of finance and accounting, including assets, liabilities, expenses, profit and cash flow.
You will understand the balance sheet and be able to determine your business’s financial position.
You will analyse income statements and profit and loss statements in order to evaluate business results.
You will develop a working knowledge of working capital and cash flow management, and be able to do your own budgets and forecasts.
You will understand the difference between management reporting and external reporting
WHAT WE WILL COVER
Basic bookkeeping and accounting terms
Debits & credits
Drawing up and understanding the income statement and the balance sheet
Managing cash flow and working capital
Developing your own budgets and cash flow forecasts
Management accounts vs. external accounts
Understanding ratios and their relevance
Financial statements are simple to understand but most of us haven’t been taught properly