Financial Management for SMES

Preamble

Every business requires a proper reporting system that provides real time information for decision making. Financial information is key and drives almost every strategic and operational decisions within the organization. Despite its importance, more than 80 per cent of SMEs have poor financial management practices, reasons being either inadequate internal capacity or less attention to following the internationally accepted standards and therefore fail to communicate effectively with various stakeholders including financial institutions, investors, TRA and other stakeholders. Following experience in supporting SMEs for more than a decade, TAPBDS is organizing a need driven financial management training targeting enterprise owners, financial managers and accountants to equip them with practical skills on effective implementation of best financial management practices.