FINANCIAL MANAGEMENT WORKSHOP FOR SMALL AND MEDIUM ENTERPRISES
31ST – 1ST APRIL 2016
MERIDIAN HOTEL, NAIROBI
THEME: DRIVING SME GROWTH THROUGH AN EVOLVING FINANCE MANAGEMENT FUNCTION
Overview:
Small and Medium firms (SMEs) are important for future economic development and for the continued evolution of a modern, knowledge-based economy. An important key to the successful development and survival of small and medium firms is the role of financial management. In today’s fast-changing world, the requirements for a firm’s finance function have significantly grown. A growing number of firms are facing tough competition already in the early stages of their lifecycle. As competition becomes more diverse, the geographical scope has broaden, and information technology become more sophisticated, and therefore navigating in this environment calls for deeper understanding of a company’s strongholds, and planning and monitoring operations on more granular level than before.
A solid fact-based understanding of the company’s financial performance is crucial for good decision-making. The development of the finance function is not the result of business growth, but one of its causes. The combination of formal business planning, regular management reporting and the use of financially trained staff is a prerequisite to a mode of rapid growth that does not jeopardize the survival and longevity of the business.
Learning Outcomes:
This two day workshop seeks to address the key financial management functions for SMEs. At the end of the workshop participants should be able to;
- Understand the meaning, role and importance of the financial management function
- Understand the role of the finance function in the financial management of SMEs
- Identify modern financial management techniques that will change the SME’s business.
- Get insights into management of Working Capital for SMEs
- Apply smart financial management internal control strategies
- Understand how to close finance and investment gaps
- Understand and adopt winning strategies for soliciting funding and investment
- Understand budget planning under SMEs
- Gain a better understanding on financial risk management for SMEs
- Identify the emerging trends and challenges facing SMEs
Target Audience:
Accountants with start-up businesses, Business people, academia, consultants, auditors, SACCOs, SMEs Category participants in the FiRe Award, Micro & Medium Business Regulators , Financial Institutions supporting SMEs, Business Owners keen to appreciate their financial reports and others with an interest in the SME Sector of our economy
Workshop charges:
The workshop will be held on Friday, 31st – 1st April 2016 in Nairobi at Meridian Hotel as from 8.30 a.m to 4.30 p.m. Members in attendance will be awarded 14 CPD Hours. Charges are Kshs.14, 950 and Kshs.20, 950 for members and non members respectively
