A recent study found that between 70% and 80% of small businesses fail within their first five years.
A big contributor to this failure rate is poor internal monitoring mechanisms that leads to poor planning and goal setting. The answer to this shortcoming is having proper management accounting techniques in place.
Management accounting techniques assist the owners and managers of SMMEs to make good business decisions as well as monitor the health of their businesses.
In this webinar Caryn Maitland CA(SA) will explain useful internal reporting techniques that assist businesses to manage their working capital risks and solve liquidity and solvency issues.
By the end of this event the participant should:
Be able to draft a concise and useful set of management accounts.
Be able to explain and assist clients to manage going concern challenges.
Be aware of and be able to calculate and explain relevant ratios.
Be able to assist clients to manage their working capital risks.
Identify additional services and revenue streams for the accountant’s practice.
The webinar will cover the following topics:
Management Accounting vs Financial Accounting - what is the difference.
How to draft a set of useful management accounts.
The Budgeting process and reports.
Gross margin and operating margin.
Debt to equity ratio.
Tracking new sales.
Areas to focus on during difficult trading times.
Managing going concern.
Compliance issues related to proper record-keeping.
Obtaining your CPD certificate
This webinar qualifies for 2 CPD hours with your professional body including: ACCA, SAICA, AAT, SAIPA, SAIBA, IAC, CIS, ICBA, LSSA, FPI, and the IBA. The SAAA CPD policy is compliant with IFAC IES7 and is recognised by all relevant professional bodies.
All attendees are issued with a CPD certificate available in an online profile.
About the presenter
Caryn Maitland CA(SA)
Caryn Maitland is a Chartered Accountant (SA). She has been a member of IRBA as a registered auditor and accountant since 2002 and is also a registered member of SAICA.
Caryn has lectured Auditing and Accounting at various institutions and has conducted independent workshops and seminars for professional accountants since 2006 on various topics.
Caryn has presented on the national tour for the annual Legislation Update with ProBeta Training (Pty) Ltd in 2014 and 2015, as well as on the FASSET national tour for the Tax Administration Act in 2014. She is also involved with the annual SAICA SMP Technical tour.
Who should attend
The following persons will benefit from attending this webinar:
Professional Accountants including: RA(SA), CA(SA),PA(SA) and BAP(SA);
SMME business owners and managers;
Accounting department staff.
R 475.00 - Online admission - Individual.
R 950.00 - Online admission - Company.
Steps to register for the event:
Click on register.
Create a free profile and become a free member.
Register for the event and check out.
Find out more about the benefits of being a CPD subscriber and attend this event for free - Click here.
By attending this webinar you will be provided with:
Summarised slide presentation
Reference documents and / or course material where available
You can ask questions during the webinar and you will also have access to me the presenter after the webinar
The following venues and dates are available for this event.
The following discounts are available for this event