New Venture Creation / Entrepreneurship

NEW VENTURE CREATION: SHORT COURSE 7

Financial Management – Budgeting, Cash Flow & Financial Statements

Master essential financial skills to ensure the stability and growth of any business venture

Firefly Teachers in a south african classroom teachings high school learners Budgeting, Cash Flow &

Firefly Learn essential financial management skills in budgeting, cash flow and financial statement

This short course on Financial Management is designed for educators looking to equip their students with practical and foundational financial skills.

Financial management is crucial to the sustainability and success of any business, particularly in the challenging early stages. Educators will learn how to guide students in essential areas such as budgeting, cash flow management and financial statement analysis. By understanding these critical financial principles, educators can empower their students to make informed financial decisions, helping them to create and maintain a stable financial foundation for their entrepreneurial ventures.

This course includes:

10 downloadable resources
SACE Accredited Certificate of Completion

Course Breakdown:

Chapter 1

The Financial Aspects Involved in Running a Startup Business

Chapter 2

Understanding Budgeting and Cash Flow Management

Chapter 3

Choosing an Accounting System to Ensure Optimal Financial Management

Chapter 4

How to Analyse Income and Expenditure Statement

Chapter 5

How to Analyse a Balance Sheet

Chapter 6

Making Financial Decisions Based on Financial Statements

Partner with us on our New Venture Creation courses

Time investment to complete course: 24 hours

Accreditation:

SACE accredited: Service Provider Number: PR 00000980

SACE Points: 10

What you’ll learn

This course will leave you with a comprehensive understanding of:

Key financial requirements and challenges in starting and managing a business
The importance of budgeting and cash flow for financial sustainability
Choosing and setting up the right accounting systems
Using income and expenditure statements and balance sheets for financial evaluation
Applying financial statement analysis to make data-driven business decisions

By the end of this course, educators will be equipped to provide future entrepreneurs with the knowledge needed to make sound financial decisions, ensuring their ventures are on a strong financial footing from the start.