Next Micro-enterprise finance training About AAT / Course outline.

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Micro-enterprise finance training

About AAT / Course outline

Micro-enterprise finance training - overview

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Who are we?

AAT is 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.

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.

Established in 1980, AAT has a global network of 150,000 members and students in more than 90 countries.

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What do we do?

AAT builds core accounting skills by…

Delivering practical skills

Raising recognition

Providing micro-enterprise

support


(Click on the red box for details)

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What do we do?

AAT builds core accounting skills by…


Raising recognition


support

We deliver training and practical skills for people working in roles at different levels from basic entry through to intermediate/advanced accounting technician roles.



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Home

What do we do?

AAT builds core accounting skills by …



support

Raising recognition

Our qualifications are highly regarded by the private and public sector, which employ our trainees for their skills, knowledge, experience and professional ethics.


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Home

What do we do?

AAT builds core accounting skills by …


Raising recognition


support

Our 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.


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What 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 Executive


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Enterprise growth Improved livelihoods

Improved financial management

Support for the economy


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Enterprise growth

Financial training helps achieve development goals by driving enterprise growth.






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Improved livelihoods

Financial 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.






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Financial 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.






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Financial training, through increasing the effectiveness of micro-enterprises, will ultimately support the economy as a whole to thrive.

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“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 Development


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Training 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 AAT certificate 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.


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Training outline – day 1

Micro-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.


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Training outline – day 2 (optional)

How to manage customers who

owe money.

Managing supplier accounts when the

micro-enterprise owes them money.

How banks work.Keeping a record of

banking transactions.

How to produce reports to check

progress and success.


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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Why work with us?

Pragmatism

Professionalism

Partnership

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 …


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Why work with us?

Pragmatism

Professionalism

Partnership

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.

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.


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Why work with us?

Pragmatism

Professionalism

Partnership

We set rigorous standards that arerespected globally and help people

to build their skills and fulfil their potential.



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Why work with us?

Pragmatism

Professionalism

Partnership

We work with relevant stakeholders at a local level to identify and solve

problems to ensure sustainableand scalable solutions.



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For further information

Please contact:

Clare Morley, Director of Global Development

t: +44 (0)20 7397 3053

e: [email protected]

w: aat.org.uk


Next Micro-enterprise finance training About AAT / Course outline.

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