Sunday, June 2, 2013

The End of Finance... And Beginning of Life! - Tuesday 28 May

Today we wrote the finance exam... Boy am I glad it's behind us!

I must say that I did learn a lot from the course, probably the most notable being the importance of budgeting. This allows for better control and planning of business activities and the setting of financial goals and targets for the period. It also showed me how the different departments of a business can come together in forecasting the amount that is expected to be spent.

I realised how importance of the above exercise as that is the current state of our business. We are grappling with forecasting our costs and ensuring that we follow an accurate budget

I am grateful that we have the opportunity to formally learn such concepts and then practically apply them to our business. However, I do wish I had more time to study! That being said, talk to you next time!


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