There are many benefits that businesses enjoy for implementing proper financial accounting systems. Having the right financial accounting systems help businesses to track their performance and financial position at every point in time. This assists businesses to make the right decisions and manage some of their risk exposures relating to their inventories, receivables, payables, revenues, expenses, cashflows and other fixed assets.
The Ghana Climate Innovation Centre held its second workshop for its Cohort 7 entrepreneurs, on Commercial Accumen, on the 15 and 16th of November 2022, at the Airport West Hotel in Accra.
The first day of the workshop focused on Building Financial Accounting Systems to Drive Sustainable Business Performance in the Small and Growing Business (SGB) and positions the entrepreneurs with the right knowledge and tools on how they can use financial accounting systems to drive sustainable business performance. At the end of the session, enterprises will be exposed to various accounting systems that can be deployed to build strong and robust financial systems. The facilitator, David Kadeh, Director of Finance – Ashesi University, a Chartered Accountant has a wealth of experience in helping small and growing businesses with their accounting systems. His expertise cuts across accounting systems restructuring, payroll management, financial planning & forecasting, treasury management and statutory reporting.