Duration: 2 – 3 days Price: Free
Full Qualification: National Certificate: General Management Course (NQF5)
NQF: 5
SAQA ID: 59201
Unit Standard code(s): 252040, 252023 and 15236
Total credits: 20
Overview
Finance is a key element in any business. A company can be excellent in many spheres however if it does not make profits the viability of the business will always be questioned. This course is appropriate for professionals and entrepreneurs who have limited or no financial background. The aim of this course is to teach you the basics of finance and financial management.
It will help you understand and interpret financial statements, conduct a cash flow analysis and gain insights into budgeting and profit planning. Financial management principles such as the time value of money, capital budgeting, financing and working capital are also covered. By the end of the course you will gain a well-rounded understanding of finance and financial management.
Professionals who possess basic financial management knowledge and skills are often at an advantage in the talent market, and by the same token, entrepreneurs seeking to grow a business need to possess these skills to ensure success. The course will empower you, by receiving the formal training in finance and giving you the confidence, to make better business and personal related decisions as finance is all around us and touches every aspects of our lives.
Programme Learning Outcomes:
On completion of this program learners will be able to:
- Identify the different types of businesses and the various financial goals a company can pursue.
- Explain the difference between financial accounting and financial management and how companies function in a competitive environment.
- Understand what the annual financial statements consists of, and who uses them.
- Learn about the statement’s basis of preparation and how to use fundamental accounting principles.
- Explain the purpose of management accounting and its relevance to business.
- Explain the comparisons that can be made using ratio analysis, evaluate the performance of a business and be able to compare the performance of businesses against each other.
- Understand the importance of budgeting for a business.
- Learn the difference between fixed and variable costs and calculate breakeven points for business sustainability.
- Understand the concepts of time value of money and present/future value of cash flows.
- Identify the characteristics of debt and equity and what they mean for long-term financing.
- Learn about working capital and what it represents to a business.
- Understand the inter-dependencies of working capital and describe the cash conversion cycle.
Responses