Understanding Basic Accounting and Record Keeping
Fri May 5, 08:30 - Fri May 5, 16:30
Event is online
ABOUT
The importance of accurate and timely financial processes and record keeping cannot be overemphasized - money is the lifeblood of any business. It is critical that the business owner not only exercise very strict control over how money is managed, but also extract reports that indicate the financial health and performance of the business.The specific objective of this financial management workshop is to provide business owners with the necessary skills to manage their financials – especially in these sensitive economic times.
Topics covered by the workshop:
- How does Junk Status affect your business?
- Understanding different business forms
- Understanding accounting terminology
- Understanding financial reporting
- Understanding basic business record keeping and why this is important?
- Understand and apply the various concepts spanning day-to-day accounting to financial reporting, and clearly forecast the financial performance of your business.
- Understand various financial terms such as revenue/turnover, profit, break-even etc.
- Understand types of accounts such as assets, liabilities, debtors/accounts receivable, creditors/accounts payable etc.
- How to practically implement a system for managing the financial side of your business.
08:30 – 16:30
Rosebank, Johannesburg