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Finance in Freight (FIF)

Monitoring and controlling the full range of disbursements applicable to a forwarding operation. Focusing on the areas of making money in freight and understanding profit & loss in the freight industry. Risk management (debtors, queries, cash 2 cash cycles, profitability of clients. Explain fixed and variable costs and basic ratios.

SAQA Unit Standards
252435  Apply basic invoicing and accounting principles. Level 3 Credits 6.

252411  Generate invoices, credit notes, and landed costings. Level 3 Credits 3.

The Ideal Candidate
Any person dealing with the risks & costs in the supply chain – exporters, importers & freight forwarders acting on behalf of the importer & exporter.

Who You’ll Learn From
An industry and subject matter expert who’ll guide you through your course content, and answer any subject matter questions you might have.

Assessment required for competency.

  • Monitoring and controlling the full range of disbursements applicable to forwarding operation.
  • Understand Basic financial & accounting terms.
  • Basic Understanding of Income statement, Balance sheet & Bank.
  • Calculating different ratios and margins (profit, operating, etc.).
  • Focusing on the areas of making money in freight.
  • Understanding profit & loss in the freight industry.
  • Risk management (debtors, queries, cash 2 cash cycles, the profitability of clients.
  • Explain fixed and variable costs.
  • Perform invoicing operations and post amounts to the appropriate accounts.
  • Reconcile and identify individual transactions with statements of accounts.

Additional Info:
NQF Level: 3
Credits: 9

Learning Methodologies:
MethodCodeDur.Price *
BlendedFIF2 Day5,450.00
OnlineFIFO3,850.00

*All prices are excluding VAT.

Contact training@metrominds.co.za
for group pricing

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