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Finance for BEE Champions Course
Why Finance for BEE Champions
A BEE or Transformation Manager’s role is extremely diverse. One of the competencies required is financial literacy. It is vital for the team driving BEE to understand not only the financial implications of being BEE compliant, but also how BEE should contribute to the financial growth of the entity.
There are many more confusing financial concepts woven into the BEE scorecard that need to be understood in order to achieve a successful transformation plan and BEE certificate.
Our Finance for BEE Champions course has been designed to give you the basic financial competencies to empower you to develop, implement and audit your companies BEE strategy that aligns to the business goals.
You will gain an understanding, as well as a practical application, of the following:
- A basic understanding of accounting fundamentals;
- An understanding of the Annual Financial
- Statements and Management accounts;
- Financial terms such as revenue, turnover, gross profit, net profit; indicative profit, etc;
- Calculation of (Total Measured Procurement Spend (“TMPS”), including the relevant exclusions;
- The Budget review; and
- BEE target setting.
Transcend’s trainers comprise of three qualified Chartered Accountants that have a deep understanding and expertise in the BEE legislation and business strategy and are able to marry it with the required financial understanding to make your BEE journey a success.
The cost of this course is R1,950.00 per delegate (excl. VAT). For group bookings, a discount may apply. All our training is available as in-house training and can be presented to your EXCO, human resource team, suppliers, and procurement team etc. cater to your specific business needs. This investment includes comprehensive delegate file, the FastFind Codes tool, handouts, templates, refreshments and lunch.
In-House BEE Training
All of Transcend’s public training can be customised and presented in-house. Should you have a requirement to empower and equip your transformation team we can be of assistance.
Companies that have benefited from our training:
BHP Billiton; Jet Demolition; Department of Agriculture; Telkom; Alexander Forbes; Anglo; Imperial Group; Barloworld; BMW; Grindrod; De Beers; Discovery; Liberty Life; Mutual & Federal; Nedbank; Old Mutual; Parmalat; First National Bank; Group 5; SASOL; Murray and Roberts; IDC;