FINANCE AND RISK MANAGEMENT
A. PROGRAMME OUTLINE
1. INTRODUCTION TO FINANCIAL STATEMENTS
· Assets, Liabilities and Equity – The Balance Sheet
· Income, Expenses and Profit – The Income Statement
· Just an understanding of basic ‘Debits and Credits’
· Operating Expenditure versus Capital Expenditure
2. CORPORATE GOVERNANCE
· Key PFMA Governance, Risk and Ethical issues
· Monitoring and Evaluation
3. FINANCE AND BUDGETING
· The difference between Profit and Cash
· Financial Planning and Control
· Budgeting Principles and Procedures
· Compiling and Controlling Budgets
4. COSTS AND COST CONTROL
· Cost Behaviour – Overheads, Total Costs and Unit Costs
· Planned versus Unplanned Costs
· Direct versus Allocated Costs
· Fixed versus Variable Costs
· Controllable versus Uncontrollable Costs
· Cost Behaviour – Overheads, Total Costs and Unit Costs
· Just a basic understanding of Breakeven
5. INVENTORY VALUATION METHODS
· First in first out
· Last in first out
· Average weighted method
6. YEAR-END ADJUSTMENTS
· Bad debts
· Depreciation
· Prepayments
7. ACCREDITATION AND CERTIFICATION BY FASSET
Delegates complete a post-course Portfolio of Evidence in order to demonstrate competency in one Fasset/Saqa unit standard. If successfully completed the competent learner is awarded a Fasset certificate of competence (issued by the Fasset Seta) and have their achievement recorded on the Saqa NLRD database. The unit standard in question is: FINALISE AND INTERPRET ACCOUNTS, SAQA US ID: 114741.
B. DTS MANAGING MEMBER
Dr Dennis Laxton consults in business strategy, finance and project management. He has trained MBA delegates at several local and international universities for over ten years and has also been involved extensively with corporate training at various local and international universities as a senior facilitator and mentor. He has worked on joint projects with Bankseta, Inseta and Services Seta and currently consults for Mr Jerry Vilakazi, Chairman of Business Unity SA. He is also a part-time lecturer at Wits University Business School.
A. PROGRAMME OUTLINE
1. INTRODUCTION TO FINANCIAL STATEMENTS
· Assets, Liabilities and Equity – The Balance Sheet
· Income, Expenses and Profit – The Income Statement
· Just an understanding of basic ‘Debits and Credits’
· Operating Expenditure versus Capital Expenditure
2. CORPORATE GOVERNANCE
· Key PFMA Governance, Risk and Ethical issues
· Monitoring and Evaluation
3. FINANCE AND BUDGETING
· The difference between Profit and Cash
· Financial Planning and Control
· Budgeting Principles and Procedures
· Compiling and Controlling Budgets
4. COSTS AND COST CONTROL
· Cost Behaviour – Overheads, Total Costs and Unit Costs
· Planned versus Unplanned Costs
· Direct versus Allocated Costs
· Fixed versus Variable Costs
· Controllable versus Uncontrollable Costs
· Cost Behaviour – Overheads, Total Costs and Unit Costs
· Just a basic understanding of Breakeven
5. INVENTORY VALUATION METHODS
· First in first out
· Last in first out
· Average weighted method
6. YEAR-END ADJUSTMENTS
· Bad debts
· Depreciation
· Prepayments
7. ACCREDITATION AND CERTIFICATION BY FASSET
Delegates complete a post-course Portfolio of Evidence in order to demonstrate competency in one Fasset/Saqa unit standard. If successfully completed the competent learner is awarded a Fasset certificate of competence (issued by the Fasset Seta) and have their achievement recorded on the Saqa NLRD database. The unit standard in question is: FINALISE AND INTERPRET ACCOUNTS, SAQA US ID: 114741.
B. DTS MANAGING MEMBER
Dr Dennis Laxton consults in business strategy, finance and project management. He has trained MBA delegates at several local and international universities for over ten years and has also been involved extensively with corporate training at various local and international universities as a senior facilitator and mentor. He has worked on joint projects with Bankseta, Inseta and Services Seta and currently consults for Mr Jerry Vilakazi, Chairman of Business Unity SA. He is also a part-time lecturer at Wits University Business School.