BUSINESS FINANCE

AIM OF THE MODULE

The aim of this module is to introduce the small business owner to financial principles needed to run an SMME successfully. The programme addresses the issues of poor financial management that result in business failures and it provides the learner with guidelines to deal with the financial challenges that are faced by start-up businesses.

LEARNING OUTCOMES

On completion of this module the learner will be able to:

• Interpret basic financial information
• Understand the functions of an income statement
• Understand the functions of a balance sheet
• Develop a cash flow forecast
• Understand the principles of budgeting
• Calculate mark-up and selling prices