The learner is expected to have the knowledge to improve financial well-being of a business idea (cashflow).

• Duration: 5 hours

The learner is expected to have the knowledge to improve financial well-being of a business idea (cashflow)

The learner should be able to:

• describe the three primary financial statements and how they fit together
• develop financial statements
• measure financial risks
• calculate cash-flow needs
• assume responsibility to improve financial well-being of a business idea

This Workshop includes 4 activities. The first activity concerns the mandatory financial statements – Balance sheet, Income statement and Cash-flow statement. The second activity applies horizontal and vertical analysis to financial statements. The third activity is to analyze a business’ performance using ratio analysis. The fourth activity will introduce the trainees to the concept of financial risk. Finally, there is a short online quiz that allows the self-assessment of the trainees.

This Workshop aims at mastering advanced knowledge and skills of the VET students in managing the financial well-being of a business. The VET students will learn about financial accounting and the role of financial statements for different users. The learners will use ratios and other tools to draw inferences about a company’s financial performance and financial position.

Experiential workshops may entail a form of resistance by the participants as their active participation is required. Thus, if the participants are distant, a couple of ice breaking activities may be required. However, every experienced trainer knows how to deal worth such situations. Furthermore, some concepts presented may need more details for the participants to achieve the learning outcomes, which is why the partnership provides additional resources.