Participants will gain confidence in dealing with financial matters and interacting with the financial specialists they deal with. As a result, when they attend finance meetings they will know which critical questions to ask, how to evaluate the answers and how to make informed contributions to financial decisions. Participants from a wide range of industries have already attended this programme in Mozambique, Zimbabwe, Botswana and South Africa, and both the approach and content have proved very useful to businesses in those countries.
The key purpose of the programme is to give insights into the following key areas:
- Profitability: the causal relationship between margins, volumes and overheads.
- Cost management: including key cost calculations.
- Cash flow: forecasting and the key elements of working capital management.
- Financial health: how to interpret financial reports such as income statements and balance sheets, and recognise what action is necessary to improve the health of a business.
- Budgeting: an explanation of the need for budgeting and the processes involved in preparing budgets.
The Learning Approach:
In order to gain a full understanding of these key areas, programme participants will have explanations reinforced by practical exercises and participation in short case studies. Participants will receive a concise easy-to-read set of notes which they will find useful for future reference.
6 – 8 March 2018 10 – 12 July 2018 18 – 20 September 2018
R14,300 (excluding VAT)