Who should do this course?
Freight operations, sales and client retention managers, finance operations, line managers or anyone dealing with a day to day financial aspects within the freight forwarding and trade environment.

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.