The SOFP Model
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The SOFP Model

R7,499.99

This is Part 1 of a THREE Part Series that takes the participants through the FIRST RULE of FINANCIAL SURVIVAL.
It illustrates those elements that possibly were ignored by businesses when they failed.

This gives participants a comprehensive understanding of the first rule to ensure financial survival sepecially in growing phases of a life cycle as well as during turbulent times. It introduces participants to the Balance Sheet report and how this can be used as a useful tool to navigate and guide a business to its success.

Includes lessons offered elsewhere in the portfolio –

  1. Introduces “The First Rule of Financial Survival“
  2. Overview of the traditional accounting SOFP report.
  4. How to create the GG Logic “10 Bucket Analysis Tool “
  5.  
  6. How to utilise this tool to do ratio analysis to the SOFP Report
  7.  
  8. Introducing the business relevance for the Accounting Equation
  10. What are the 3 Golden Rules of Accounting and what is its significance if any?
  12. Illustrates the difference between being Factually Insolvent  vs Commerical Insolvency
  13. What makes up “Working Capital” (definition) and how it affects a business during growth
  15. The FI-SO Principle and its significance to running a successful entity
  17. Fixed Assets and when they become liabilities
  19. Accounting is a language which fails in –  Value vs Worth
  20. What successful businesses do to make a difference…
  21. And so much more …

 

Absolutely necessary for aspiring business leaders who still have limited knowledge in finance. Designed for those who want to understand what makes a business survive economically and want to contribute to its success.

It helps business owners understand the elements of the Statement of Financial Position Logic-Model™  (Also known as the Balance Sheet Model) and enables their abilities to read the results in the financial reports with insight.

This course introduces participants to the First Rule for maintaing Financial Survival by analysing the elements of the traditional Balance Sheet Report.

It breaks down the various elements of the report into their significance in helping a business to maintain the rule.

It further goes on to show a unique methodology (the 10 Bucket System Tool) in evaluating a business’ financial health from this report.

Along the journey participants will learn of the flaws within the Accounting Language of Communication and why it can fail to highlight problems for the leaders of an entity.

THIS is a MUST HAVE study aid for students setting out in the field of accounting or finance, whether at an elementary level or as a post graduate MBA scholar.

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