Lack of sound financial management practices has been identified as one of the key factors that contributes to the termination of about 70-80% of start-ups and also stifle the growth of the existing ones due to poor management practices and lack of investment. Many SME’s cannot determine their size (net worth) and or measure performance. Decisions relating cash management, debt acquisition, stocking of inventory, investment in assets, credit management etc. are ill-informed because of lack of data. Many investors also shy away from SME’s not only because of the ownership structure but because of back financial management.
This training is organized to introduce SME’s and Institutions that support SME’s to the basic, but critical things they need to know about financial management in order to put their business on the path of sustainable growth.
Training content includes:
- Review of business planning (from earlier AAMI training)
- Business accounting records and cashbook
- Financial reports and interpreting Accounting Ratios
- Management of working capital
- Management of accounts Receivables
- Basic inventory management
- Asset management
- Cashflow management
- Risk management
Who can participate in this training?
- Private Businesses (Aggregators, Commodity Traders, Processors, Industry Associations, Accountants, Financial Managers etc.).
- Government Institutions (Policy Makers & Planners)
- Public and Private Research Institutions.
- Staff of Developmental Organisations and NGO’s.
Competency Based Training (CBT) Model:
- Presentations, discussions/case reviews and group work and individual assessment.
- Experience sharing: Serendipalm Ghana Limited.
- Interaction with financial institutions.
Potential Collaborating Institutions