Business Income and Operating Expenses Management

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Business Income and Operating Expenses Management

Business Income and Operating Expenses Management

SBEC ONLINE TRAINING

Business Income and Operating Expenses Management 

June 24th 2022, at 3 pm via the zoom platform (Register Now)

Background  

Operating expenses are part of the day-to-day running of the business. They are directly linked to the company’s activity. An income statement is the barometer of a business activity over an accounting period, that is, over a year. In Cameroon, according to the report initiated by the Centre for Economic and Social Policy Analysis and Research (CAMERCAP-PARC) under the Ministry of the Economy, 72.24% of businesses created since 2010 are non-existent in the May 2016 file of the General Directorate of Taxes, which formally attests their death. The lack of control over an enterprise’s income and operating expenses contributes to the inefficient management of that enterprise. However, effective management gives business owners the means to better assess the main items of expenditure essential to the proper functioning of their business, regardless of the legal form. By taking advantage of the information gathered in the bookkeeping documents, business owners can easily establish strategies enabling them to set up financing plans for their businesses and increase their business margins. It should also be noted that bankers are also likely to examine them in the context of a loan application.  

It is in response to these management challenges and the vital role played by efficient business management in the development of entrepreneurship in Cameroon, that the Small Business and Entrepreneurship Center (SBEC) of the Denis and Lenora Foretia Foundation is organizing an online training course on the Management of Business Income and Operating Expenses. 

Objectives 

The main objective of the Operating Expenses and Income Statement Management online training is to vulgarize efficient business management and to promote entrepreneurship development in Cameroon through: 

  • Promoting an autonomous and efficient business management to SBEC network members and non-members; 
  • Ensuring a perfect continuation of the SBEC past training on Bookkeeping; 
  • Convincing and transform non SBEC members into SBEC members. 

Target audience 

This event is open to entrepreneurs of all business sizes (SBEC network members or not) and the general public. 

Contact  

Email: [email protected] / Tel: (+237) 22 31 15 84 / 654 86 72 54 

REGISTER NOW

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