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Micro-enterprise finance trainingAbout AAT / Course outlineNextMicro-enterprise finance training - overviewWho are we?AATis the world’s leading not for profit…
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Micro-enterprise finance trainingAbout AAT / Course outlineNextMicro-enterprise finance training - overviewWho are we?AATis the world’s leading not for profit organisation dedicated to the education of accounting technicians. We help individuals to develop their practical accounting, finance and business skills. Established in 1980, AAThas a global network of 150,000 members and students in more than 90 countries.
  • We strongly believe that financial management training should be open to everyone, helping people to make informed financial decisions to grow their business and increase access to finance.
  • NextHomeBackMicro-enterprise finance training - overviewWhat do we do?AAT builds core accounting skills by…(Click on the redbox for details)Delivering practical skillsRaising recognitionProviding micro-enterprise supportNextHomeBackMicro-enterprise finance training - overviewWhat do we do?AAT builds core accounting skills by…(Click on the red box for details)We deliver trainingand practical skills for people working in roles at different levels from basic entry through to intermediate/advanced accounting technician roles.Delivering practical skillsRaising recognitionProviding micro-enterprise supportNextHomeBackMicro-enterprise finance training - overviewWhat do we do?AAT builds core accounting skills by …(Click on the red box for details)Delivering practical skillsOur qualifications are highly regarded by the private and public sector, which employ our trainees for their skills, knowledge, experience and professional ethics.Raising recognitionProviding micro-enterprise supportNextHomeBackMicro-enterprise finance training - overviewWhat do we do?AAT builds core accounting skills by …Delivering practical skillsRaising recognitionOur global accounting training experience enables us to provide financial training for micro-enterprise owners. Our programme builds skills, confidence and knowledge of basic financial and business concepts.Providing micro-enterprise supportNextHomeBackMicro-enterprise finance training - overviewWhat are the benefits of micro-enterprise financial training?“Implementation of this practical, real world training programme aims to make micro-enterprises more successful and provide improved returns on their loans, whilst contributing to the achievement of other wider social objectives.”Jane Scott Paul OBE, AAT Chief ExecutiveNextHomeBackMicro-enterprise finance training - overviewWhat are the benefits of micro-enterprise financial training?Click on the red box for detailsEnterprise growthImproved livelihoodsImproved financial managementSupport for the economyNextHomeBackMicro-enterprise finance training - overviewWhat are the benefits of micro-enterprise financial training?Click on the redbox for detailsEnterprise growthImproved livelihoodsImproved financial managementSupport for the economyEnterprise growthFinancial training helps achieve development goals by driving enterprise growth.HomeMicro-enterprise finance training - overviewWhat are the benefits of micro-enterprise financial training?Click on the red box for detailsEnterprise growthImproved livelihoodsImproved financial managementSupport for the economyImproved livelihoodsFinancial training can achieve increased success and prosperity for micro-enterprise owners, and improve the livelihoods of people who, whilst living on low incomes, are also resilient and creative entrepreneurs.HomeMicro-enterprise finance training - overviewWhat are the benefits of micro-enterprise financial training?Click on the redbox for detailsEnterprise growthImproved livelihoodsImproved financial managementSupport for the economyImproved financial managementFinancial training, through improved financial management, contributes to lower loan default rates, more transactions and a platform for micro-enterprises and the lenders to increase their product and services portfolio to value-demanding consumers.HomeMicro-enterprise finance training - overviewWhat are the benefits of micro-enterprise financial training?Click on the green highlighted box for detailsEnterprise growthImproved livelihoodsImproved financial managementSupport for the economySupport for the economyFinancial training, through increasing the effectiveness of micro-enterprises, will ultimately support the economy as a whole to thrive.NextHomeMicro-enterprise finance training - overviewWhat are the benefits of micro-enterprise financial training?“Financial education can provide people with the confidence to effectively manage their money and utilise a variety of banking services. Ultimately, well-informed clients make more responsible banking clients and this generates greater demand for banking services – key ingredients of effective banking systems.”Australian Agency for International DevelopmentNextHomeBackMicro-enterprise finance training - overviewTraining outline - details
  • Training is over two days, to ensure participants are not away from their day to day business longer than necessary.
  • Participants in this training will receive an AATcertificate of attendance.
  • A short online diagnostic test will also be available for participants to use after the training to check their understanding and reinforce their learning.
  • An optional formal online assessment, fully testing competence in the core areas covered, could also be considered.
  • NextHomeBackMicro-enterprise finance training - overviewTraining outline – day 1Micro-enterprise – are you ready?Managing money, why is it important?Where does money come from and what will it be spent on?How to price products and services.How to record transactions when buying or selling in cash.Business documents and what they are used for.NextHomeBackMicro-enterprise finance training - overviewTraining outline – day 2 (optional)Managing supplier accounts when the micro-enterprise owes them money.How to manage customers who owe money.Keeping a record of banking transactions.How banks work.How to produce reports to check progress and success.NextHomeBackMicro-enterprise finance training - overviewTraining outline – day 1
  • 1. Micro-enterprise – are you ready?
  • This topic prepares learners with the attitudes and skills required to maximise success in business.
  • They will:
  • learn the knowledge and skills needed and how to identify their strengths, weaknesses and opportunities for development
  • realise the benefits of learning new skills, continuing to develop them as their business grows
  • identify the financial needs of their family and prepare a ‘survival budget’ as an introduction to managing business finances.
  • NextHomeBackBack to outlineMicro-enterprise finance training - overviewTraining outline – day 1
  • 2. Managing money – why is it important?
  • This topic explains why it is important to manage money effectively.
  • Participants will:
  • learn how much it costs to make a product or service
  • identify whether their micro-enterprise covers its costs and makes a profit
  • know if they have enough cash to pay suppliers
  • see how to keep records and how to plan, make decisions and control their micro-enterprise.
  • NextHomeBackBack to outlineMicro-enterprise finance training - overviewTraining outline – day 1
  • 3. Where does money come from and what will it be spent on?
  • This topic identifies where learners can get funds to start and grow their micro-enterprise.
  • Participants will:
  • learn how to earn income and consider what their costs will be
  • identify whether transactions are income or expenditure to record transactions in a useful way – for example, to see which product or service is the best seller, or what their highest cost is.
  • NextHomeBackBack to outlineMicro-enterprise finance training - overviewTraining outline – day 1
  • 4. How to price products and services
  • This topic introduces methods to establish how much to charge customers for products or services.
  • Participants will:
  • learn about different types of costs such as materials, labour and expenses
  • consider how some costs increase when developing a new product or service, and that some costs are fixed, even if they don’t sell anything
  • see how to calculate their total costs and set a selling price that makes a profit
  • consider the dangers of setting their price too high or too low.
  • NextHomeBackBack to outlineMicro-enterprise finance training - overviewTraining outline – day 1
  • 5. Business documents and what they are used for
  • This topic explains common business documents.
  • Participants will:
  • consider uses of a business document as a communication tool and to resolve problems
  • discuss legal requirements about what to record and how long to keep it for
  • practise preparing some of these documents and learn how to calculate totals, quantities, discounts, and any relevant taxation
  • learn how to check for accuracy
  • see how to use coding on documents
  • consider authorisation and why it is important
  • review methods to deal with problems.
  • NextHomeBackBack to outlineMicro-enterprise finance training - overviewTraining outline – day 1
  • 6. How to record transactions when buying or selling in cash
  • This topic is very important when conducting business in cash.
  • Participants will:
  • learn how to prepare receipts for cash sales and why it’s important to obtain receipts when they pay cash for the purchase of goods or services
  • examine how to keep cash secure and procedures to prevent their money being used without their permission
  • practice how to record cash income in an analysed cashbook
  • learn the importance of balancing the cashbook periodically and checking the balance agrees with the cash they have in hand.
  • NextHomeBackBack to outlineMicro-enterprise finance training - overviewTraining outline – day 2
  • 7. How to manage customers who owe money
  • This topic examines when customers are allowed to pay later and giving discounts.
  • Participants will:
  • learn how to keep an accurate record of these transactions
  • consider the advantages and disadvantages of this approach and whether a micro-enterprise can afford to give them discounts
  • see how to create a customer account and record a variety of transactions
  • learn how to communicate with their customers effectively to help them manage their
  • money and reduce the chances of the customer never paying them.
  • NextHomeBackBack to outlineMicro-enterprise finance training - overviewTraining outline – day 2
  • 8. How to manage supplier accounts when the micro-enterprise owes them money
  • This topic examines when suppliers allow payment later and negotiating discounts.
  • Participants will:
  • learn how to keep an accurate record of these transactions which have been negotiated
  • review how to create a supplier account and record a variety of transactions
  • consider how they can communicate with their suppliers effectively to deal with problems and queries efficiently and pay promptly to maintain good relations.
  • NextHomeBackBack to outlineMicro-enterprise finance training - overviewTraining outline – day 2
  • 9. How banks work
  • This topic discusses the advantages and disadvantages of depositing money with the bank.
  • Participants will:
  • consider whether a bank is easily accessible and cost effective
  • learn about the importance of banking all cash sales regularly and then withdraw small amounts when needed
  • be introduced to the range of services banks offer
  • learn how they can apply to use these services.
  • NextHomeBackBack to outlineMicro-enterprise finance training - overviewTraining outline – day 2
  • 10. Keeping a record of banking transactions
  • This topic looks at how to keep records of money paid into the bank, and money paid out of the bank.
  • Participants will:
  • learn how to record transactions into a cashbook for bank transactions
  • see how to balance the cashbook and check it for accuracy
  • learn how to use a bank statement and check that the bank’s record agrees with theirs
  • consider the importance of dealing with problems and queries promptly.
  • NextHomeBackBack to outlineMicro-enterprise finance training - overviewTraining outline – day 2
  • 11. How to produce reports to check progress & success
  • This topic covers how to extract data and produce a report which can help learners review how well their micro-enterprise is doing.
  • Participants will:
  • be shown how to extract figures from their accounting records and use them to produce a basic receipts and payments report
  • consider the importance of checking the accuracy of their record-keeping and seeing how much money they have received from sales and what they’ve spent it on
  • consider the benefits of using qualified bookkeepers/accountants to produce final accounts as their micro-enterprise grows.
  • NextHomeBackBack to outlineMicro-enterprise finance training - overviewWhy work with us?We pride ourselves on partnering with organisations to deliver internationally benchmarked, bespoke, flexible solutions to meet the specific needs of both the organisation and country. Our approach is based on three core principles…PragmatismProfessionalismPartnershipNextHomeBackMicro-enterprise finance training - overviewWhy work with us?We pride ourselves on partnering with organisations to deliver internationally benchmarked, bespoke, flexible solutions to meet the specific needs of both the organisation and country. Our approach is based on three core principles. We aim to make a tangible difference by identifying and developing the practical skills that are most needed and innovating with our tailor-made solutions.PragmatismProfessionalismPartnershipNextHomeBackMicro-enterprise finance training - overviewWhy work with us?We pride ourselves on partnering with organisations to deliver internationally benchmarked, bespoke, flexible solutions to meet the specific needs of both the organisation and country. Our approach is based on three core principles. PragmatismWe set rigorous standards that arerespected globally and help people to build their skills and fulfil their potential.ProfessionalismPartnershipNextHomeBackMicro-enterprise finance training - overviewWhy work with us?We pride ourselves on partnering with organisations to deliver internationally benchmarked, bespoke, flexible solutions to meet the specific needs of both the organisation and country. Our approach is based on three core principles. PragmatismProfessionalismWe work with relevant stakeholders at a local level to identify and solve problems to ensure sustainableand scalable solutions.PartnershipNextHomeBackMicro-enterprise finance training - overviewFor further informationPlease contact:Clare Morley, Director of Global Developmentt: +44 (0)20 7397 3053e: clare.morley@aat.org.ukw: aat.org.ukHomeBack
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