How to better understand the effect of the world economy on your business

This topic aims to increase your understanding of accounting principles and practices by solving the following problems:

● Why you need to grasp financial accounting principles for success
● How to know if you have a healthy and prosperous business
● How to interpret financial statements to improve decision making

This topic is for current and aspiring entrepreneurs who want to do business finances right and make a success of their professional career.

Do these questions describe you?

• Do you want an understanding of the basic tax system as a business owner?
• Do you want to know how personal earnings are taxed by government?
• Do you want to know what process you must follow to pay your tax?
• Do you want to know how you can calculate your personal income tax?
• Do you want to know what a provisional tax payer is?
• Do you want to know about specific tax requirements for your business?
• Do you want to understand the importance of financial instruments in the financial environment?
• Are you doing the finances of your business yourself?
• Are you a strategic decision maker for your business?
• Do you want to know when it is necessary to pay tax?
• Do you want to embrace life-long learning and work towards recognized qualifications?

Then this topic of How to better understand the effect of the world economy on your business is for you!

This is an online course with learning material and assignments.  The duration is based on your own pace and motivation.

This time commitment includes working through online content, completing assesments, reflection activities and any additional reading and enrichment activities to translate the content into your current situation.

Every course consists of a series of topics that aim to solve problems you could be facing in your business as an entrepreneur. Each topic contains a number of lessons, each with a variety of activities and resources designed to aid your learning process.

• Work through the content in each lesson
• Take time to complete the progress quizzes to check your understanding
• Explore any additional resources to gain access to valuable sources
• Take time to reflect how you will apply the knowledge in your own business

Basic Requirements

Please make sure that you are using a Browser or portable device that supports HTML5.

Browser Requirements Moodle is compatible with any standards compliant web browser. We regularly test Moodle with the following browsers:

Desktop:

• Chrome
• Firefox
• Safari
• Edge
• Internet Explorer

Mobile:

• MobileSafari
• Google Chrome

For the best experience and optimum security, we recommend that you keep your browser up to date. Please use the following link to make sure your browser is up to date:  https://updatemybrowser.org/

Note: Legacy browsers with known compatibility issues with Moodle 3.5:

• Internet Explorer 10 and below
• Safari 7 and below

You will be awarded a badge for every topic you complete with MyElearning so that you can build up your online learning profile.

Additional Accreditation Options:

The completion of all the relevant topics in this course will provide a delegate with supporting evidence to earn credits towards a different accredited course or skills programmes, such as Business Management, Business Advisory Services and or New Venture Creation on NQF Level 4 and NQF Level 5.

If you are interested to earn credits after completing the programme, you are more than welcome to contact any of the accredited training providers.

Please take note of the following important information with regards to earning credits on the NQF through the RPL (Recognition of Prior Learning) process:

• You will need to complete all the topics of this course to qualify for accreditation.  The completion of the assignments linked to each topic can provide some of the required evidence.
• You will need to register as a learner on the programme through an accredited training provider.
• An Accredited Provider can guide you on the appropriate qualification and the process that you should follow to earn credits that will be relevant for your career path.  You will also receive guidance on compiling your portfolio of evidence.
• The Provider can provide you with the appropriate assessment tools that you will have to complete, in order to be found competent on the credits.
• It will be your responsibility to pay for the additional costs of the provider and the assessments and NLRD (National Learners Records Database) uploads.