Project Financial Management for Non-Financial Professionals
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
Weekdays | 08:00 AM — 04:00 PM |
Platform: Zoom
Weekdays | 08:00 AM — 04:00 PM |
Platform: Zoom
Weekdays | 08:00 AM — 04:00 PM |
Platform: Zoom
Weekdays | 08:00 AM — 04:00 PM |
Platform: Zoom
Weekdays | 08:00 AM — 04:00 PM |
Platform: Zoom
Weekdays | 08:00 AM — 04:00 PM |
Platform: Zoom
Weekdays | 08:00 AM — 04:00 PM |
Platform: Zoom
Weekdays | 08:00 AM — 04:00 PM |
Platform: Zoom
No. of Days: | 7 |