- Home
- Training
- Critical Soft Skills
-
- Human Capital Training
-
- Finance Training
- Sales Training
- Office Professionals
-
- Middle Management
-
-
- Chairing Business Meetings
- Change and Diversity Management
- Coaching and Mentoring skills
- Crisis Management
- Critical & Analytical Thinking
- Decision Making Training
- Delegation Skills
- Diversity, Inclusivity and Cultural Sensitivity Management
- Disability awareness and sensitivity training for Managers
- Empowered Women in the Workplace
-
- Effective Feedback That Leads to Positive Change
- Essential Business Skills for South African Women
- Ethical Conduct in a Business Environment
- Facilitation Skills
- Innovation and Creativity
- Leadership Training
- Leadership in the Fourth Industrial Revolution
- From Technical Expert to Organizational Leader
- Mini Management Development Programme
- Planning And Running An Effective Workshop
-
-
- Senior & Executive Management
- Long Terms Programmes
- Learnerships
- Critical Soft Skills
- Workshops
-
- Facilitators
- Blog
- Videos
- Podcast
Basic Finance Skills
Training and Development
This practical Basic Finance Skills training course introduces delegates to the fundamentals of financial management. Delegates will become familiar with basic accounting concepts and terms, track business transactions, use universal accounting tools such as the general journal, general ledger, and trial balance.
Course activities also cover the purpose and how to use the four financial statements-the income statement, the balance sheet, the cash flow statement, and the statement of stockholders’ equity. Finally, delegates learn how to create and enforce a budget by analysing financial statements, setting objectives, and monitoring performance.
“The number one problem in today’s generation and economy is the lack of financial literacy.” Alan Greenspan
The course will address frequently asked questions such as:
- What is financial terminology?
- What are the basic accounting principles?
- How to interpret financial statements?
- How can I improve my budgeting and financial planning skills?
- How to do financial forecasting?
- How to draft and implement a budget for my unit?
Who should attend?
- Any employee who needs to learn how to understand and apply basic financial management techniques within their company.
Outline
Training Outline
Introduction
- Definition of financial management
- Elements of the financial management process
- Concept of accounting
- The term “accounting”
- The objective of accounting
- Accounting cycle
Financial reports
- Income statement
- Balance sheet
- Cash-flow statement
- Audit report
Financial statements interpretation and analysis
- Introduction
- Tools and techniques of financial statement analysis
- Financial ratio analysis
- Classification of accounting ratios
- Liquidity ratios
- Profitability ratios
- Gross profit margin
- Net profit margin
- Return on total assets
- Return on equity
- Leverage ratios
- Resource utilisation ratios
Financial forecasting
- Introduction
- Types and formats of forecasts
- Sales forecast
- Income statement forecasts
- Balance sheet forecast
- Factors to be considered during financial forecasting
- Analysis of financial forecasts
Drafting a budget for a unit
- Introduction
- Strategic planning and budgeting
- Development of operational plans
- Linking an operational plan and a budget
- Developing a budget for a unit
- Reviewing a draft budget
Definitions
Information
Additional Information
Course Duration: 2 Days
Presented : In-house and online
In-Person/In-House Training Includes:
- Comprehensive Manual
- Framed Certificate of Attendance
- Notepad & Pen
- Attendance Register
- Delegate Feedback Form
- Competency Test
- Facilitator Feedback Report
On-line Training Includes:
- Comprehensive Manual
- Certificate of Attendance
- Attendance Register
- Delegate Feedback Form
- Competency Test
- Facilitator Feedback Report