Duration
1 Day
Learning and Teaching Strategy
Lecture, questioning, e-learning quiz, and group activity
Trainer/Facilitator
Nuh Hamid
Requirements:
Laptop and Internet browser
Prerequisite
Entrepreneurs, founders and business decision makers
FINANCIAL EDUCATION FOR ENTREPRENEURS PART 1
About this Course
Objective
1. to understand cash flow statement, cash flow cycle and how to manage creditors and debtors for an effective cash flow
2. to understand how to construct a proper budget, the value of budgeting and how to maximise your budget
3. to understand how to put a basic set of accounts together and learn some key accounting concepts.
Content
1. Managing your Cash Flow
1.1. Cash Flow Cycle
1.2. Managing Cash
1.3. Managing Debtors, Creditors and Stock
2. Budgeting
2.1. What is Budget
2.2. Objective of a budget
2.3. Budget Cycle
2.4. Monitoring budgets
3. Overview of Accounts
3.1. Why are accounts important?
3.2. Profit vs Cash
3.3. Basic accounts
3.4. Accounting period
3.5. In income statement
3.6. The balance sheet
Your Trainer/Facilitator
Nuh Hamid
LEARNING OUTCOME
Participants will be able to:
1. Prepare a cash flow statement
2. Recognize the importance of timing and co-ordination
3. Explain the difference between budgets and accounts
4. Prepare and monitor a budget
5. Differentiate between profit and cash
6. Prepare income statement and balance sheet