Why these workshops?

People at all levels in business need a basic understanding of how economic indicators such as the exchange rate, inflation rate, repo rate, balance of payments, stock market indices, and commodity prices impact on business in the South African economy. These elementary workshops will focus on giving learners a working knowledge of basic finance and financial markets. Fundamental understanding of economic indicators, instruments traded in the financial markets as well as the accounting functions within a business is dealt with effectively. These workshops will be practical in addressing these topics for people who operate in business units outside of the financial and accounting area of their business.

Course Outline

  • The basic terminology explained
  • Concept of the time value of money
    • Simple and compound interest
    • Nominal interest rate
    • Effective interest rate
    • Discount rate
  • Interest rate conversions
    • Converting discounts to yields
    • Nominal annual rate conversions
  • Deriving forward rates and forward prices
    • Futures contracts fair value calculations
    • Forward interest rate calculations
    • Forward foreign exchange rate calculations
  • Application of basic calculations for financial instruments

Outcomes

On completion of the program the delegate will be able to:

  • Understand The Building Blocks Required For Financial Calculations
  • Do Interest Rate Conversion Calculations
  • Calculate Simple, Compound, And Discount Interest
  • Compare Returns On Different Interest Rate Products
  • Derive Forward And Future Prices On Different Financial Instruments