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Training on Project Financial Management for Non-Financial Professionals (June 18, 2018 – June 21, 2018)

18 June @ 08:30 - 21 June @ 16:30

About the course

In any organization the finance function plays a key role in developing business and determining service or product costs. Proper financial management assists the organization to effectively and efficiently utilize its limited resources to achieve its objectives. Non-financial managers are also involved in managing finance for their business functions, hence the need for them to acquire the requisite financial skills.

This course aims to equip the non-financial managers with knowledge in core financial principles and improve their financial decision making in this ever changing business environment. This course will help managers understand how the decisions they make will affect the financial performance of their organization.

Target Participants

This training is designed for managers who are not from the financial or accounting background but whose role involves financial decision making. This course is ideal for managers who want to acquire skills in financial processes.

Course duration

4 Days

What you will learn

By the end of the course you will be able to:

  •  Understand the sources and availability of finance for an organization
  • Understand relevant financial information within the organization
  • Plan, develop, implement and control budget
  • Analyze financial statements to understand performance
  • Implement cash management practices
  • Comprehend the impact of various business decisions on the organization’s performance.

Course Outline

Introduction to Financial Management

  • What is financial management?
  • Importance of financial management in projects
  • The finance function and its relation with other business functions
  • Financial management cycle
  • Good practice systems: the building blocks of financial management

Financial Reporting

  • Importance of Financial Reporting
  • Principles and Objectives of Financial Accounting
  • Types of Accounts
  • Financial Statements; Income Statement, Balance Sheet, Cash Flow Statement

Measuring Finance Performance

  • Introduction to financial Analysis
  • Steps in financial analysis
  • Sources of data for financial analysis
  • Financial ratios

Cost Management

  • Use of cost data in decision making
  • Types of Costs
  • Elements of Cost
  • Cost Structures and Methods – Costing services and products

Financial Planning and Budgeting

  • The Financial planning process
  • Functions and types of budgets
  • Practical approaches to building good budgets
  • Cash flow forecasting
  • Consolidated budgets and budgeting for core costs

Cash Flow Management

  • Elements of cash flow
  • Cash Vs Profit
  • Managing cash and loans

Internal Control Systems

  • Organization financial management policies
  • Role of audit
  • Financial fraud
  • Financial spending cross approvals

Methodology

This course is delivered by our expert trainers who have extensive M&E field experience. The course is taught through a mix of practical activities, theory, group works and case studies.

Training manuals and additional reference materials are provided to the participants.

Training Approach

This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies.

Training manuals and additional reference materials are provided to the participants.

Certification

Upon successful completion of this course, participants will be issued with a certificate.

Tailor-Made Course

We can also do this as tailor-made course to meet organization-wide needs. Contact us to find out more:

Training venue

The training will be conducted at Devimpact Institute Training Centre, Nairobi Kenya.

Payment

The training fee covers tuition fees, learning materials, and training venue. Accommodation and airport transfer are arranged for our participants upon request.

Payment should be sent to our bank account before start of training and proof of payment sent to  

 

Event Properties

Event Date June 18,2018, 8:30 am
Event End Date June 21,2018, 4:30 pm
Cut off date June 15,2018, 5:00 pm
Individual Price $640.00
Location Nairobi

Attached File/s

Details

Start:
18 June @ 08:30
End:
21 June @ 16:30
Event Category:
Website:
https://bit.ly/2DuUfmE

Organiser

Devimpact Institute
Phone:
+254 714349537
Email:
training@devimpactinstitute.com
Website:
http://www.devimpactinstitute.com

Other

Country
Kenya
Region
Africa, East and Horn of
Language
English

Venue

Devimpact Institute Training Centre
Nairobi, Kenya + Google Map
Phone:
+254 714349537
Website:
www.devimpactinstitute.com