Improve Your Financial Skills to Effectively Manage Your BEE Scorecard

JOIN TRANSCEND’S FINANCE FOR BEE CHAMPIONS COURSE

Are you a BEE champion who needs a basic understanding of finance in order to effectively manage your company’s BEE scorecard? This half-day, online Finance for BEE Champions course is for you.

The BEE scorecard is based on financial targets that the measured entity should achieve to obtain maximum points. It is therefore imperative for BEE champions to have a robust financial backbone to manage the BEE scorecard and transformation strategy.

Book your seat for 26 May 2022

Why is it important for BEE champions to understand financial information? 

A measured entity can spend a significant amount of time and money to achieve a required BEE level. It is therefore crucial for the measured entity to calculate the correct BEE targets, which are driven by its financial results. 

Sound financial knowledge is required to manage the BEE scorecard effectively to:

• Calculate accurate BEE targets  
• Set and manage the BEE budget
• Calculate the return on investment for the BEE budget to encourage investment
• Apply general financial aspects to the BEE audit to ensure an optimised verification
• Read a set of financial statements and ensure the BEE strategy is in line with the company budget and strategy 

The cost of the half-day course is R2 900 per delegate. Qualify for a 30% discount when you also enrol for our BEE Champions course.

Transcend’s online Finance for BEE Champions course content includes:   

Our quarterly Finance for BEE Champions course has been designed to give you the basic financial competencies to empower you to develop, implement and audit your company's BEE strategy, and ensure that it aligns with the business goals. You will gain an understanding, as well as the practical application of the following: 

• Accounting fundamentals
• 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
• BEE target setting

For more information about this course or how we can assist your business, please contact us. Email info@transcend.co.za or call us at +27 11 442 2433.