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SkillsFuture Series

Financial Literacy for Entrepreneurs and Small Businesses: Mastering Accounting and Cash Flow with Digital Tools

Duration 1 day

Certificate TP Certificate

Course Overview

Welcome to the "Financial Literacy for Entrepreneurs and Small Businesses: Mastering Accounting and Cash Flow with Digital Tools" course, designed specifically for aspiring entrepreneurs and small businesses. In today's fast-paced business environment, understanding the fundamentals of accounting and finance, especially through digital tools, is crucial for the success of any new venture. This course will equip you with essential knowledge and practical skills to navigate the financial landscape of your startup or small business. Through engaging lessons and hands-on activities using digital accounting tools and resources, you will learn how to apply basic bookkeeping techniques, prepare financial statements, and develop a simple revenue model. This will empower you to make informed financial decisions that drive your business forward.

Who Should Attend

1. Aspiring Entrepreneurs: Individuals planning to start their own business.
2. Startup Founders: Current founders want to improve their financial management skills.
3. Small Business Owners: Owners looking to enhance bookkeeping and financial planning.
4. Freelancers: Independent workers who need to manage their finances effectively.
5. Nonprofit Leaders: Leaders aiming to improve financial literacy for resource management.
6. Career Changers: Professionals transitioning into entrepreneurship or small business management.

What You'll Learn

Understand the fundamental concepts of accounting and finance relevant to startups, with a focus on digital applications.
Apply basic bookkeeping and accounting procedures using digital tools in daily operations.
Prepare and interpret key financial statements, including the Balance Sheet and Profit & Loss Statement, using digital tools and platforms.
Identify and explain the different types of accounts in the balance sheet and their relationships on digital platforms.
Compute and analyse financial ratios using digital tools to assess a company's strengths and weaknesses.
Differentiate between long-term and short-term financial planning strategies, using digital templates and dashboards.
Prepare a cash budget for effective cash flow management.
Separate personal and business finances, and develop a financial roadmap integrating personal/family milestones with startup growth.

Level

Basic

Certification

Participants who meet at least 75% of the required course attendance and pass the assessment will be awarded a Certificate of Completion.

For more information on course fee / schedule, or to apply,

CLICK HERE

Course Contact

Enquire Now
67881212
Monday - Thursday: 8:30am - 6:00pm
Friday: 8:30am - 5:30pm

Closed during lunchtime, 12:00pm - 1:00pm
and on weekends and public holidays.
https://www.tp.edu.sg/tsa
Temasek SkillsFuture Academy (TSA)
Temasek Polytechnic
East Wing, Block 1A, Level 3, Unit 109
21 Tampines Ave 1
Singapore 529757

Temasek Polytechnic reserves the right to alter the course, modify the scale of fee, amend any other information or cancel a course with low enrolment.