Please note, venue will be finalized by the 20 April 2018.
Finance Success Program - 10 Days
Fri Jun 1, 08:00 - Sat Aug 11, 16:00
To be announced. Gauteng
ABOUT
About the Finance Success™ Program
The Finance Success™ Program is for serious business owners who want to build businesses that last. We will provide you with the tools to help you manage all financial and compliance risks for small businesses. The program is a real life study of creation and management of money in business.
Are your facing any of the following challenges in your business?
Is your business making losses? unable to achieve financial goals?
Are you unable to pay your suppliers and employees on time? Cash flow problems?
Are you compliance documents in order? Do you know which ones are necessary for your business to trade?
Do you understand your obligations as a Director, Tax Payer, Employer and Trader?
Are you constantly attracting penalties and interests?
Do you understand your financial statements what they mean and how to leverage?
Are you monitoring your business performance on a regular basis including pricing and costing making sure profitability?
Do you lack internal business controls and systems to raise and keep money?
This training program is for you.
Learning Objectives
Create, organize and manage your financial goals and key performance areas.
Assess and select the appropriate business structure which suits your circumstances and industry
Examine and define the obligations and implement the Companies Act as the Director and shareholder, which will help you to select appropriate fellow Directors and shareholders
Examine and define the obligations and implementation in terms of Income Tax and Value Added Tax as a tax payer, with the aim to organize administration and manage financial compliance and legal risks
Examine and define the obligations and implement SARS and DOL as an employer with the aim to organize administration and manage financial compliance and legal risks.
Examine obligations as a trader (BEE, CPA and NCA) with the aim to create appropriate marketing materials as well as terms and conditions for the business
Describe, differentiate and apply financial terminology and concepts to daily operations
Classify, allocate and calculate costs and selling prices for your products and services
Construct and formulate different types of budgets
Prepare and calculate cash flow projections required to perform services
Distinguish key financial role players as per competency, experience and qualification
Identify the groups of users of information, what information they need and when
Identify, compose and critique financial control systems
Design daily, weekly and monthly management accounts to assess performance
Assess and compare your financial performance and position
Learn how to analyse expenses by nature and by function
Evaluate and analyze your financial statements by identifying red flags and developing financial strategies
Discover the top 6 types of source funding, the pros and cons, where to find them and how to select the best option that suits your needs
Prepare and plan documentation to finance your business
Prepare and plan for funding opportunities
Modules that will be covered
CD with tools, templates and checklists
The Finance Success™ Program is for serious business owners who want to build businesses that last. We will provide you with the tools to help you manage all financial and compliance risks for small businesses. The program is a real life study of creation and management of money in business.
Are your facing any of the following challenges in your business?
Is your business making losses? unable to achieve financial goals?
Are you unable to pay your suppliers and employees on time? Cash flow problems?
Are you compliance documents in order? Do you know which ones are necessary for your business to trade?
Do you understand your obligations as a Director, Tax Payer, Employer and Trader?
Are you constantly attracting penalties and interests?
Do you understand your financial statements what they mean and how to leverage?
Are you monitoring your business performance on a regular basis including pricing and costing making sure profitability?
Do you lack internal business controls and systems to raise and keep money?
This training program is for you.
Learning Objectives
Create, organize and manage your financial goals and key performance areas.
Assess and select the appropriate business structure which suits your circumstances and industry
Examine and define the obligations and implement the Companies Act as the Director and shareholder, which will help you to select appropriate fellow Directors and shareholders
Examine and define the obligations and implementation in terms of Income Tax and Value Added Tax as a tax payer, with the aim to organize administration and manage financial compliance and legal risks
Examine and define the obligations and implement SARS and DOL as an employer with the aim to organize administration and manage financial compliance and legal risks.
Examine obligations as a trader (BEE, CPA and NCA) with the aim to create appropriate marketing materials as well as terms and conditions for the business
Describe, differentiate and apply financial terminology and concepts to daily operations
Classify, allocate and calculate costs and selling prices for your products and services
Construct and formulate different types of budgets
Prepare and calculate cash flow projections required to perform services
Distinguish key financial role players as per competency, experience and qualification
Identify the groups of users of information, what information they need and when
Identify, compose and critique financial control systems
Design daily, weekly and monthly management accounts to assess performance
Assess and compare your financial performance and position
Learn how to analyse expenses by nature and by function
Evaluate and analyze your financial statements by identifying red flags and developing financial strategies
Discover the top 6 types of source funding, the pros and cons, where to find them and how to select the best option that suits your needs
Prepare and plan documentation to finance your business
Prepare and plan for funding opportunities
Modules that will be covered
Themes | Modules covered |
How to set financial goals and achieve them | Module 1: Develop and manage your business financial goals and key performances Module 2: Select the business structure based on your needs and environment |
Master basic compliance | Module 3: Know your obligations as a Director Module 4: Know your obligation as a Tax Payer Module 5: Know your obligation as an Employer Module 6: Know your obligations as a Trader |
How to make /earn money in your business | Module 7: Understand Financial terminology and how it relates to your daily operations Module 8: How to set up the finance function include roles Module 9: How to cost and price your products and services Module 10: How to do budgets and projections |
How to keep money in your business | Module 11: Design your own management accounts using KPI Module 12: How to manage cash flow in your business Module 13: How to build financial management systems in your business Module 14: Design financial controls in your business Module 15: Understand requirements of financial performance |
How to raise money in your business | Module 16: Understand financial position requirements Module 17: Evaluate and analyze your business financial statements Module 18: How to finance your business Module 19: Select the appropriate funding type for your business needs Module 20: How to prepare for a funder/investor meeting |
CD with tools, templates and checklists
- more than 50 templates which you will use in class
- Characteristics of a Director & Guides
- SAICA guide to Companies Act – Special Resolution
- Director’s Register
- Alternate provisions on MOI
- SAICA Guide on close corporations
- DOL Integrated Inspection Checklist
- Library of Financial KPIs
- Forms & Guides mentioned in Finance Handbook Seminar
- IT related File Index
- SME Needs Analysis Questionnaire
- Internal Control Checklists
- Monthly Finance Checklist - Daily, Monthly, Semi – Annually and Annual Tasks Lists for Finance Functions
- Standard Services Level Agreement for finance function
- Job descriptions of financial staff
- Cash flow projections
- Budget templates for personal use including chart of accounts
- Periodic and Permanent Compliance Checklists with relevant forms for SARS, DOL and CIPC
- Turnover Tax Quick Test for Individual and Companies
- Basic Conditions of Employment Act - Implementation Plan
- Companies Act - Compliance Checklist
- Resolutions: Special Resolution Template, General Resolution Template, Consumer Protection Act – Compliance Checklist
- Memorandum of Incorporation Checklists
- Public Interest Score guide and calculations
- Partnership Agreement Checklist and Template
- Action List to complete for your business, before looking for partners or shareholders
- Business Structure Considerations Checklist
- Financial Goals Template, affirmations, etc.
- Finance Work File
This contains the content of the Finance Handbook, which includes case studies of clients, as well as checklists and tools the candidates can use.
Audio book
Audio version of The Essential Finance Handbook for Business Owners
The Essential Finance Handbook for Business Owners – Hard copy