Finance Success | How-to-raise-money-in-your-business

How to Raise Money in Your Business

Overview

Define your financial position and identify all your different assets and liabilities, know the difference between good debt and bad debt, understand the requirements for presenting a statement of financial position, identify significant judgements that are required in presenting a statement of financial position, identify accounting policies that influence the figures and notes on the financial position, comprehend general corporate information, learn how to pitch to a funder/investor, understand the 9 components of a pitch, complete a pitch template and identify the successful traits of a pitch

Modules covered:

•    Module 16: Understand the 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

Learning Objectives

•    Define financial controls and internal controls

•    Recognise the importance of internal controls

•    State limitations of internal controls

•    Understand the consequences of weak controls

•    Understand the consequences of weak controls

•    Identify and apply the different types of financial controls

•    Identify the principles of internal controls

•    Identify the components of internal controls

•    Evaluate and apply internal controls at business level

•    Evaluate and apply effective and efficient financial controls

•    Define financial management systems

•    Understand the relationship between the controls and systems

•    State reasons for finding appropriate financial management systems

•    Identify the groups of users of the information, what information they need, and when

•    Consider all needs with related costs vs benefits

•    Select the financial management systems that suits your needs

•    Define the finance functions and activities in a business

•    Identify the areas that need improvement

•    Provide the reasons for setting up the finance function

•    Identify information you need to manage and make decisions on your performance

•    Relate creditworthiness, liquidity and cash flow to the function

•    Identify the differences between a management accountant and a financial accountant

•    Complete the daily, weekly, monthly and annual finance activities checklist for your business

•    Understand the different terms of recording income and expenses

•    State the purposes of income and expenditure

•    Understand the choices between the single-statement approach and the two-statement approach

•    Be able to present a statement of comprehensive income

•    Be able to present an income statement

•    Know what items of income and expenses are presented as other comprehensive income

•    Be able to analyse expenses by nature and by function

•    Identify the significant and judgements

•    Be able to identify a discontinued operation

Who should attend?

•    Business Owners

•    Entrepreneurs

•    Directors

•    Shareholders and Investors

Additional Resources

•    The Essential Guide to Funding in South Africa: Giving your ideas what they need to become businesses – Seed Academy