Introduction

It is imperative that private specialist practices are managed as a well functioning business. Private practices require financial thinking and smart decision making by these specialists. Specialists training unfortunately does not prepare the specialist for managing a practice and more specifically, dealing with money matters.

The FPD launched the short course in financial management to assist specialists who are SAMA members with developing a strong foundation in the basics of accounting and financial literacy. We would like to avoid decisions being made without analyzing the risk and reward or the profit and cash flow of the particular practice. This course will impart the knowledge necessary for private practitioners to understand and manage the financial aspects of their practice.

Course Content

Upon successful completion of this training participants will be able to:

• Apply personal finance and planning;
• Demonstrate an understanding of business processes and finances;
• Explain financial terms and definitions;
• Interpret financial statements;
• Identify and demonstrate an understanding of sources and applications of capital in a business; Describe the effect of working capital management;
• Identify the Golden rules for investments through ratio analysis;
• Explain the importance of cash flow and demonstrate the ability to effectively manage it;
• Demonstrate an understanding of budgeting principles and processes; and
• Describe practical tips to protect practice finance.

Course Design

This is an online course. Participants have 3 months to complete the assessment process from date of registration.

Who Should Enroll

Specialists and Registrars.

Accreditation

Certification

To qualify for the certificate of completion for this short course, participants should successfully complete the assessment process.

Assessment

Participants will be assessed by means of a multiple choice questionnaire.

Course Fee

This course is only accessible through scholarships.

311 scholarships available for medical doctors registered with the HPCSA only.

Contact

For more information contact:

Business School