Small Business Financial Management Masterclass

This workshop will empower small business owners with financial management skills necessary for survival of these small businesses.

As a result of completing this course, all participants will improve their knowledge, understanding and analytical skills of how to effectively manage a small business venture, with the following benefits:

• Record business transactions and prepare statements.
• Calculate Value Added Tax (VAT)(Sales tax) as well as preparing tax returns.
• Calculate gross pay and deductions.
• Prepare IRP 5s (employee income tax) as required by legislation.
•  Interpret final accounts as per organisational requirements.
• Calculate the cost of products to distinguish between fixed and variable costs.
• Calculate adequate selling prices.
• Prepare a business plan and budget.
• Communicate effectively in the workplace.
• Make adjustments for stock evaluation as well as depreciation.
• Calculate the level of the working capital required in the business.
• Draw up financial business plans
• Understand Financial needs small business
• Understand important aspects of financial reporting for business
• Understand Financial Modeling for businesses