Financial Management for SMEs Best practices in financial management systems, Business records keeping and Reporting
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.
Targeted participants: Enterprise owners, CEOs, Head of Finance department, Head of projects, Financial Managers/Accountants
Sectors: Enterprises from manufacturing, agribusiness and agro-processing, wholesalers and retail as well as service.
- Increase the financial literacy and financial management capabilities of SME owners and SME business leaders.
- Guide SME owners and business leaders on how to interpret financial information for strategic and operational decision making
- Raise the level of awareness on how SME can access different forms of capital for their financing needs
Training Days: 24th -26th March 2022 (6 HRS/day)
Training Methodology: Participatory, Presentations, Case studies, audio-visuals, group discussions, hands-on practices, assignments, business games, and simulations
Price per individual – TZS 350,000
Training Package: Training materials, lunch, breakfast, mineral water, financial management templates, stationery tools (i.e. participants are advised to come with a computer).
Payment details: NMB Bank A/C No. 22610027609 or LIPA NAMBA: 60645850 Name: TAPBDS COMPANY LIMITED. You may pay in full or up to 50% for your confirmation before 24th March, 2022.