Did you know that your Internet Explorer is out of date?

To get the best possible experience using our website we recommend that you upgrade to another web browser. Outdated browsers don't follow the latest web standards, are full of bugs, don't offer the new browser features and may have security issues and malware. These browsers are normally no longer supported.

Please make use of one of the following links to upgrade you browser and website surfing experience. They are free to upgrade and you will have the advantage of having the new browser keep its self up to date as well as the latest features.

Google Chrome Mozilla Firefox

E-learning: Short Course in Financial Management

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

Accredited according to HCPSA's Medical and Dental Board Guidelines for Healthcare Professionals for 30 CEU's on Level 2.

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:

ILANA VAN DER MERWE / LODINE DE VILLIERS

Tel: 012 816 9099/9045
Fax:086 558 9535
Email: ilanavdm@foundation.co.za
lodined@foundation.co.za
Address: P.O. Box 75324,
Lynnwood Ridge,
0040
Website: www.foundation.co.za

To access the product, please login or register to continue

Medical Practice Consulting (MPC) is a subsidiary of The Foundation for Professional Development (registered with the Department of Higher Education and Training (DHET) as a Private Higher Education Institution (PHEI) in terms of Section 54(1)(c) of the Act and Regulation 16(4)(a)) and a group company of The South African Medical Association (SAMA). MPC is an institutional member of the South African Institute for Health Care Managers (SAIHCM).