Kenya: Training for extension staff on Bookkeeping/Cost–Benefit Calculations
- Posted by: Sandra Borma
- Category: Africa, Kenya, News
Extension staff of Interveg Ltd undertook the second phase of a training programme on “Bookkeeping and Cost–Benefit Calculations” in July 2021, at their premises in Export Processing Zone (EPZ) Athi River. The focus of this second session was on accounts operation. The first phase of the training was held in April 2021.
At the end of the training, the participants are able to:
- identify production-related expenditures (by type and nature) and revenues of the French bean crop for an average company outgrower;
- recognise the largest expenditure items for the average outgrower and identify at which point in the production cycle these large expenditures occur;
- ascertain associated cash flows and be able to distinguish cash flows from profitability;
- monitor production expenses, revenues and income (expenses/income booklet) for an average outgrower;
- calculate key business performance indicators such as yield, turnover, gross margin, net margin, net profit or loss, rejection rates, total unit cost, variable unit cost, fixed unit cost, costs covered by the outgrower, costs covered by the company, to create simplified cash flow statements; and
- become familiar with the methodology to be used in delivering training sessions to a group of outgrowers, including for the production of training resources.
Through role play exercises, the training sessions enabled participants to undertake and observe relevant real-life situations.
This activity is implemented by COLEACP and supported by the NExT Kenya (New Export Trade) programme, established in collaboration with the EU Delegation in Nairobi and Kenyan stakeholders.