Cert. Financial Management. Accredited 18 credits

The purpose this program is to learn skills required to establish and manage financial and cash flow requirements, income and expenditure, Implement pricing and costing principles, and to Identify resources to obtain start-up capital for those starting new businesses

Description

  • Learners attending this course could be learning towards the full qualification or as a module, or will be working within a SMME (Small, Medium, Micro Enterprise) environment, specialising in New Venture Ownership and Management, where the acquisition of competence will add value to one's job. 
  • This standard will also add value to entrepreneurs who are seeking to develop their entrepreneurial skills so that they can become more marketable for bigger contracts, including commercial and public sector contracts, for example the Department of Public Works programmes.
  • Financial requirements include but are not limited to start-up costs, running costs, capital investment costs for growth of business, staff costs.


Purpose

The purpose therefore is to:

  • Determine the financial and cash flow requirements of a new venture 
  • Determine income and expenditure of a new venture 
  • Implement pricing and costing principles 
  • Identifying resources to obtain start-up capital 

Who should Enrol?

  • Persons working within a SMME (Small, Medium, Micro Enterprise) geared towards new venture creation
  • Entrepreneurs who are seeking to develop their entrepreneurial skills so that they can become more marketable for bigger contracts
  • Persons working in the financial sector e.g. Bank employees, members of NGO’s responsible for the safekeeping of financials etc.
  • Employees in the commercial and public sector dealing with contracts, for example the Department of Public Works programmes.

Course Design

On and off-site learning from professional accredited learning material, facilitated by experienced trained and registered facilitators over 8 days

Course Content

  • The principles and skills of financial and cash flow planning
  • The principles and techniques for pricing and costing
  • The principles of generating start-up capital and working capital for a new venture
  • Techniques for compiling cash flow forecasts
  • Skills for determining profit and loss in a own business context
    • The basic principles of compiling budgets
    • Basic budget management principles
    • The basic principles of compiling financial plans and how they fit into a business plan
    • Techniques for researching funding resources

Assessment

  • Group work
  • Presentations of financial reports
  • Assignments
  • POE
  • Summative assessment at end of the learning period.

Certification

To qualify for the certificate of completion for this short course, participants should fully attend the workshops as well as successfully complete the assessment process.

Accreditation

This skills course is part of a Service Seta accredited qualification – New Venture Creation Level 2. Accfrediatred for 

Candidates completing this course can carry credits towards a full qualification should they wish to do so.

Contact

Ms. Winnie Tainton

Tel: 013 754 6534

Mobile: 079 032 4372

Email: info@wined.education

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