Training on Financial Management

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

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.

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

We can also do this as tailor-made course to meet organization-wide training needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations and tailor made needs.