Training On Financial Management Course

COURSE OVERVIEW

Introduction

Financial management is one of the most important aspects in business it involves the strategic planning, organizing, directing, and controlling of financial undertakings in an organization. It also includes applying management principles to the financial assets of an organization, while also playing an important part in fiscal management.

This course is aimed at equipping the participants with the knowledge and skills to apply financial management tools and techniques in business towards decision making.

Target participants

This course targets professionals in finance, accounting, business administration and any other professional who wants to become an efficient finance manager.

Course Objectives

By the end of this training the participants will be able to: 

• Understand financial planning and budgeting
• Understand the fundamentals of financial accounting
• Analyze and interpret financial reports
• Effectively manage cost and cash flow
• Implement effective internal control systems
• Make informed and accurate financial decisions
• Apply strategic financial management to add value to the budget execution process
• Undertake cost analysis and apply strategic management and costing principles to support improved decision making

Training Duration

• 10 days

Course Outline

Introduction to Financial Management 

• Scope of financial management
• Objectives of financial management
• Functions of a finance manager
• Importance of finance management
• Organization of finance capitals
• Working capital management
• Resource mobilization
• Evaluation of financing options

Financial Planning 

• Defining financial objectives and goals
• Gathering and analysis financial information
• Developing a financial plan
• Implementation and review of the financial planning.

Budgeting in Financial Management 

• Understanding the budgeting process
• Functions and types of budgets
• Budget development
• Budget management
• Budget regulations/requirements

Cash Flow Management 

• Cash flow forecasting
• Consolidated budgets and budgeting for core costs
• Elements of cash flow
• Cash vs profit
• Managing cash
• Bank accounts management

Cost Management 

• Understanding types of costs
• Elements of cost
• Cost structures and methods – costing services and products
• Procurement
• Cost allocations

Financial and Management Reporting

• Importance of financial reporting
• Understanding elements of financial statements
• Financial statements; income statement, balance sheet, cash flow statement
• Account management

Measuring Finance Performance 

• Introduction to financial analysis
• Steps in financial analysis
• Financial ratios
• Budget monitoring
• Cash flow monitoring

Internal Control systems in Financial Management

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

Integrating Management Reporting 

• Identifying organizational key success factors
• Measuring economy, efficiency and effectiveness
• Developing key performance indicators
• Use of balanced scorecards

Methodology

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

Certification

Upon successful completion of this training, participants will be issued with Steady Development Centre certificate..

Training Venue

The training will be held at Steady Development Centre. The course fee covers the course tuition, training materials, two break refreshments and lunch.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

Accommodation and Airport Pickup

Accommodation and airport pickup are arranged upon request. For reservations contact the training officer.

• Email: training@steadydevelopmentcentre.com
• Mobile: +254 718108851

Tailor- Made

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our Steady Development Centre or at a convenient location.

Payment

The course fee payment should be transferred to Steady Development Centre account through bank, 3 working days before commencement of the training so as to enable us prepare better.

For further inquiries, please contact us on:

• Tel: +254 718108851
• Email: training@steadydevelopmentcentre.com

Our Upcoming Training Schedule