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Project Financial Management for Non-Financial Professionals

Online Short Course by  Devimpact Institute
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Online / Short Course
Apr 01, 2024 - Apr 09, 2024
USD  600.00

Details

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.

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.

Outline

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

Schedules

Oct 02, 2023 - Oct 10, 2023
ENDED
Weekdays 08:00 AM — 04:00 PM
Online Live
Platform: Zoom
Oct 30, 2023 - Nov 07, 2023
ENDED
Weekdays 08:00 AM — 04:00 PM
Online Live
Platform: Zoom
Nov 13, 2023 - Nov 21, 2023
ENDED
Weekdays 08:00 AM — 04:00 PM
Online Live
Platform: Zoom
Dec 11, 2023 - Dec 19, 2023
ENDED
Weekdays 08:00 AM — 04:00 PM
Online Live
Platform: Zoom
Jan 08, 2024 - Jan 16, 2024
ENDED
Weekdays 08:00 AM — 04:00 PM
Online Live
Platform: Zoom
Feb 05, 2024 - Feb 13, 2024
ENDED
Weekdays 08:00 AM — 04:00 PM
Online Live
Platform: Zoom
Mar 04, 2024 - Mar 12, 2024
ENDED
Weekdays 08:00 AM — 04:00 PM
Online Live
Platform: Zoom
Mar 18, 2024 - Mar 26, 2024
ENDED
Weekdays 08:00 AM — 04:00 PM
Online Live
Platform: Zoom
Apr 01, 2024 - Apr 09, 2024
Weekdays 08:00 AM — 04:00 PM
Online Live
Platform: Zoom
No. of Days: 7
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Devimpact Institute is a leading provider of research, training and consultancy services to international development organizations. We assist our partners to increase the impact, effectiveness and efficiency of their social interventions by providing a range of innovative solutions for sustainable results. We design short courses and training online and in-class to boost your professional competence.

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