Training Course on Financial Management for Social Enterprise Development

Organizer: KINCAID DEVELOPMENT CENTER
Course fee: USD 1000

INTRODUCTION

This course is designed to help manage social enterprise finances for efficiency and sustainability. It seeks therefore to help launching and developing social entrepreneurship, especially those in rural developing countries.

In this course, you will develop your ability to read and analyze financial documents in the context of social entrepreneurships and micro and small business opportunities. The aim is to enable you to identify pathways towards efficient outcomes and achieving sustainability of your social enterprise. Critical thinking approaches will be explored to help you making financial decisions which favourably affect your entreprise. 

Financial resourcefulness and self-reliance among NGOs and Community-Based Organisations (CBOs) are part of today’s development initiatives and include start-up financing for social enterprises. Complementary to social entrpreneurship, some development initiatives include funds for micro-finance projects designed for successful NGOs and entrepreneurial CBOs, encompassing family, micro and small businesses. Financial management concepts for such initiatives are part of the course programme.  

Development providers also need expertise in financial management of social entrepreneurship and CBOs, as well as for micro and small business endeavours, if they support such initiatives. While this goes beyond traditional ways of development assistance for basic community welfare, the growth of social enterprises and interlinked micro and small business initiatives brings along a big potential for sustainability and growth.   

The course can be offered as in-person or online. In online training, the trainer maintains the same level of interaction as in an in-person course. Personalized post-course support is available for a period of six months after the course

Participants who successfully complete the course will receive Certificate of Participation.

DURATION

5 Days

WHO SHOULD ATTEND

The course will benefit persons who are working in the context of social entrepreneurship development, CBOs and interlinked micro and small business initiatives:

·      Project/programme managers

·      Project/programme coordinators

·      Project team members

·      Donors supporting social enterprise, micro and small business development

·      Finance officers

·      Loan officers

·      Staff supervising needs assessments

·      Consultants 

KEY BENEFITS

At the end of the course, participants are able to:​

·      Explain the meaning and scope of financial management in not-for-profit and for-profit enterprises

·      Discuss the difference and relationship between financial accounting and managerial accounting

·      Illustrate how financial decisions are reflected in the formal financial statements 

·      Explain the importance of effective working capital management

·      Illustrate the relationship of vertical and horizontal analysis

·      Discuss the different financial measurements (ratios) in business analysis

·      Demonstrate the cause-effect of financial statement as a tool for diagnosis

·      Illustrate the break-even point as a tool for profitability measurement

·      Discuss the non-ratio measurements as a tool for working capital analysis

·      Introduce investment valuation as a tool for capital investment analysis

COURSE PROGRAMME

Module 1: Introduction and Financial Standards: 

·      Nature and Scope of Financial Management for Social Enterprises

·      Differences between Financial Management for not-for-profit and for-profit Enterprises

·      Financial Management Objectives and Functions

·      Financial Documentation – Single Entry versus Double Entry

·      Books of Accounts

·      Generally Accepted Accounting Principles (GAAP)

Module 2: Numbers tell Stories

·      Financial Accounting versus Managerial Accounting

·      Tools for Making Decisions in Social Enterprises

·      Relating the Financial Statements

Module 3: Working Capital Management

·      Working Capital Cycle

·      Components of Working Capital

·      Approaches to Improve Working Capital

·      Non-Ratio financial measurements as tools for Working Capital Analysis

Module 4: Financial Analysis as a Tool for Decision-Making

·      Vertical and Horizontal Analysis

·      Financial Ratios as a Tool for Financial Analysis

·      Financial Causes and Effect

·      Break-Even Analysis

Module 5: Investment Criteria to develop a Social Enterprise

·      Access to Finance for Social Enterprises

·      Choosing Capital Investment

·      Time Value of Money

GENERAL NOTES

·      The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

·      The participants should be reasonably proficient in English as all facilitation and course materials will be offered in English.

·      Upon successful completion of this training, participants will be issued with a certificate.

·      The training will be held at Kincaid Training Centre. The course fee covers the course tuition, training materials, two break refreshments and lunch.

·      All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

·      Accommodation and airport pickup are arranged upon request.

·      This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our Kincaid Training Centre or at a convenient location.