The Halifax Chamber of Commerce is pleased to offer a round of FREE online training programs to help grow your business in collaboration with the Nova Scotia Department of Labour, Skills, and Immigration.

These training sessions are in high demand. Please only register if you are 100% committed to fully participating in this training. This is a 40 hour course and you will be required to participate in 80% or more of the sessions in order to receive the certificate.
 

• Preference will be given to Chamber members. Non-members may register, you will be contacted about your future membership.

• There are only 12 spaces available for this session, if the session is full, please add yourself to the waitlist and you will be contacted if a spot opens up.

• We are limiting this training to 1 employee representative per organization in order to allow more people the opportunity to participate

FINANCIAL FUNDAMENTALS Lvl 2 TRAINING SUMMARY:

Building on the concepts covered in Financial Fundamentals (Level I), this next program in the finance stream of programs will take you deeper into understanding the various forms of business structures and analyzing the financial statements to enhance decision making. In addition, you’ll learn how to carry out financial planning for your business by creating budgets, developing cash flow statements, managing petty cash effectively, creating systems for inventory control, and preparing for lenders when requesting funds. 

Learning Outcomes:
• Listing the key characteristics of the various forms of business – process, pros, cons, risks, and costs of sole proprietorship, partnership, and incorporation
• Create and analyze the balance sheet – in-depth examination, components, breakdown of assets, liabilities, shareholders’ equity, and owner’s equity
• Complete accounting for assets - lease, buy, account for, dispose, and depreciate
• Conduct financial planning - planning and budgets
• Create cash flow projections and make related decisions - projected and making decisions based on cash flow outcomes
• Set up and manage cash flow processes
• Identify strategies for preparing for lenders
• Set up inventory - what it is, methods of recording, control, waste, obsolete, and short
• Create a plan for succession – why you want a plan, when you start, and what it consists of
• Complete a case study - pulling together concepts from the previous nine weeks. Standard Topics: Business structures, Balance sheet, Assets, Capital purchases and disposals, Budgets as a planning tool, Cash flow as a planning tool, Petty cash, Preparing for lenders, Inventory – accounting and management, Succession planning

ABOUT THE TRAINER:

Meet the Trainer
Takia Panza Benjamin, Owner of TPB Consulting
 

TRAINING TIMELINE:

• To sign up for the training, you must complete the required registration fields, which are required by the Department of Labour Skills & Immigration.

• Once we receive your completed form, your information will be provided to your trainer and they will contact you to complete an Individual Needs Assessment to ensure this training is the right fit for you and your business.

• Your trainer will then become your point of contact for the training and they will provide you with the information on how to join the sessions each week.

PARTICIPANT REQUIREMENTS:

• The program must be taken on a computer, laptop, or tablet, no phones. 

• Participants must have a reliable internet connection.

• Headphones with a microphone and a webcam.

• Participants must display video; required to ensure the connection to the instructor and other participants.

• A quiet place, free of distractions.

*The above are critically important not only for the success of individual participants but also the success of the entire group.