Financial Management of a Microenterprise

Description

Financial management of a microenterprise: importance of budgeting; required techniques for budgeting; benefits of maintaining well-organized bookkeeping and of using the advice of an accountant; sources of funding and requirements for loan applications; evaluation of the financial health of the company and preparation of a recovery plan; appropriate debt management strategies, company's obligations regarding taxes, wages and payroll deductions.

Objectifs

• Know the required techniques for budgeting
• Understand the importance of a budget in the operation of a company
• Understand the importance of long-term financial planning
• Understand the benefits of maintaining well-organized bookkeeping and using the advice of an accountant
• Know different sources of funding
• Understand the requirements related to loan applications
• Assess the financial health of the company
• Prepare a recovery plan
• Know how to get paid by one's customers
• Know the company's obligations regarding taxes, wages and payroll deductions
• Know about legal regulations and documentation related to salaries and payroll employees

Aperçu du contenu

• Budget: importance, development and support services
• Long-term financial planning
• Bookkeeping and services
• Sources of funding and requirements related to loan applications
• Company financial health analysis and recovery plan
• Strategies to facilitate the payment by customers
• Taxes: obligations, responsibilities and documentation
• Wages and deductions: obligations, responsibilities and documentation