The course is based on an experiential learning through exercises methodology. It introduces the modern training concept at the introductory level, beyond which it engages in participatory learning modules to fulfill the Action-oriented Approach that is the core of the applied training philosophy. The training course teaches the participants through exercises and business simulations to solve the problems of an existing SME, improve its financial management, and achieve effective decision making.
The course provides a general understanding of financial management and its importance (in relation to SMEs). It introduces the concept of using financial tools and indicators as aids for evaluating the SME’s position and sound decision making.
Using case studies and real life business simulations, participants will prepare financial statements, learn how to interpret such statements, and use them to calculate financial indicators. Pro forma financial statements include the following:
- Projected income statement.
- Projected cash flows statement.
- Projected balance sheet statement.
Training Course Outcome
By the end of the course, participants will be able to analyze the following:
- The costs and revenues of the project.
- Financial indicators of the project using important instruments of financial analysis and planning.
- Value of the project.
- Liquidity of the project.
- Profitability of the project.
Who Can Attend the Course ?
- Existing Business owners and their staff.
- Project officers.
- Bank Officers.
About Entrepreneurship Training & Development Center
We_They DMCC was established in Jumeirah Lakes Towers “JLT”, Dubai, UAE to fill the existing gap in training programs that empower entrepreneurial competencies among potential and existing entrepreneurs. This shortage of We_They providers was outlined by empirical studies, research papers, and the practical experience of experts involved in business support services in the UAE and Arab countries.
The center aims to enable candidates to acquire entrepreneurial competencies by using the practical methods of an Action-oriented Approach. Participants learn by doing how to enhance business development and growth. In collaboration with international training providers using the best practices in training programs and methods in the world, the center aims to fill the existing gap in entrepreneurial training in the Arab States and Africa.See all Entrepreneurship Training & Development Center courses