AWiB Events Announcements Understanding Finance for Better Wealth Creation
17 January 2018 Written by 

Understanding Finance for Better Wealth Creation

AWIB presents "Understanding Finance for Better Wealth Creation", a three-session wkshp: What u need to know to build assets & make educated financial decisions both 4 u & 4 ur company as managers. Feb10, Apr 28 &Jun 23. Members 250 birr/session; nonmembers 500 birr. 20% discount if registered for all 3 sessions. RSVP at 0947350259

Understanding Finance for Better Wealth Creation

Session One: Financial terms to know and understand:

  • Budgeting
  • Cash Operating Cycle
  • Investment Appraisal Tools
  • The effects of foreign exchange movement (currency devaluation) on financial decisions What is the rational for currency devaluation?
  • The role of National Bank and other financial institutions in Ethiopia: Banks, insurance Micro finance institutions

Understanding finance for non-financial managers

  • Make better business decisions
  • Meet financial goals
  • Understand financial statements
  • Identify, solve problems and make financial decisions
  • Understand basic accounting principles and concepts

Click  here for more info day one, on February 10,2018

Session Two: Interpretation & Analysis of Financial Statements

  • Analyze the elements of an Profit and Loss (Income ) statement
  • Analyze the elements of a balance sheet
  • Cash Flow Statement

The role of ERCA and tax legislations & regulations in Ethiopia

  • Pension Scheme
  • Different types of taxes
  • Taxable and non-taxable

Session three: Personal Finance:

  • Saving schemes in Ethiopia, besides the saving accounts in banks, equb, eders etc and the benefits of joining such schemes.
  • Income Vs expenditure and living within your means?
  • The development of using debit cards in Ethiopia: use, advantage, disadvantage
  • The benefits of financial planners: pros & Cons

Most basic financial terms and concepts that everyone should learn?

  • Asset/Liability
  • Revenue/Expense
  • Profit Margin
  • Break Even
  • Net worth
  • Inflation
  • Liquidity
  • Solvency
  • Interest (simple & compound)
  • Fiscal Year
  • Profit Versus Cash
  • The time value of money and purchasing power gain (loss)
  • The psychology of money: why it matters and our relationship with money: to give it away or to horde it 


AWiB would like to proudly acknowledge its partners for the year.