Who is it aimed at?
Intended participants would be NGOs, community leaders, aspiring community leaders (people becoming Active Citizens), Managers in Third sector organisations or Micro-Enterprises/SMEs and other Charity organisations.
There is no pre-entry requirement for the course.
Aims & Objectives
To provide an understanding into financial management
- To familiarise with different financial jargons and what does it mean in simple language
- Understanding of the financial documents and how to read and understand it
- Understanding of how to develop a budget
- Understanding of how to develop financial monitoring and related documents
- Understanding of how to develop a cash flow
Outline of the programme
The module will enable learners to get through to the financial maze. It will mainly cover the topics of budgeting, budget monitoring, financial record keeping, profit and loss account, balance sheet, cash flow and explaining financial jargons.
It will provide reasons and importance behind each of the topics; such why one need to prepare a budget.
It will provide templates in Budgeting, Budget Monitoring, and project Accounts, which learners can use or modify to their own requirements.
It will further explore the differences between Profit & Loss account and Balance Sheet in relation to the statutory requirements. The session will demystify jargons, such as the Net Assets of the Business, Current assets and Current Liabilities.
An exercise has been devised to create an understanding of how a cash flow can be developed.
Teaching and Learning Strategy
- Formal presentations
- Interactive exercises
- Group Exercises
- Presentations by participants
- Questions and Answers sessions
- Reflective Journal
- Peer learning session
- Hand Outs
7 hours 30 minutes
How is the course recognised?
Each participant will receive a certificate from the Institute of Leadership and Management (ILM) on the completion of the course including Reflective Journal.