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Training on Project Financial Management for Non-Financial Professionals

By: Data-Afrique Consultancy

Kenya

25 Feb - 01 Mar, 2019  5 days

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USD 1,000

The finance function is important in each organization since it determines the costs of products and services. Proper financial function results in the proper and appropriate utilization of resources to meet the goals set. 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 the current dynamic business environment.

Course Objectives

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

  • Assess the sources and availability of finance within an organization
  • Understand financial information within an institution
  • Plan, develop, implement and control budget
  • Understand performance by analyzing financial statements
  • Implement cash management practices
  • Identify the effect of financial decision of the performance of an organization

Who Should Attend

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 Outline

  • Introduction to Financial Management in NGOs
  • Meaning of financial management
  • Importance of financial management
  • Function of finance
  • Cycle of project financial management
  • Best practice of financial management
  • Standards and policies of project management
  • Project Financial Planning and Project Budgeting
  • Process of financial planning
  • Types and functions of project budgets
  • Approaches of best practices of project budgets
  • Regulations of donor budgets
  • Modifications/Changes of budgets
  • Cash Flow Management
  • Forecasting cash flow
  • Integrating of cost budgets
  • Cash flow elements
  • Profit versus cash
  • Cash management
  • Management of bank accounts
  • Document collaborating project payments
  • Cost Management
  • Decision making through the utilization of cost data
  • Costs types
  • Cost elements
  • Structures and methods of costs
  • Procurement
  • Allocation of project costs
  • Allocations of administration costs
  • Financial Reporting in Projects
  • Financial reporting importance
  • Financial accounting principles and goals
  • Types of accounts
  • Financial statements: Balance sheet, cash flow statements, Income statements
  • Measuring Finance Performance
  • Financial analysis introduction
  • Financial analysis steps
  • Financial analysis data sources
  • Financial ratios
  • Monitoring of budgets
  • Monitoring of cash flow
  • Earned Value Management
  • Earned value analysis introduction
  • Calculation of earned value
  • Project performance monitoring using EVM analysis
  • Projects value for money
  • Internal Control Systems
  • Policies of organizational financial management
  • Function of audit
  • Financial fraud
  • Cross approvals of financial spending
  • Risk Management in Project Financial Management
  • Grants management due diligence

General Notes

  • 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.
DATA-AFRIQUE TRAINING CENTRE, NAIROBI KENYA. Feb 25 - 01 Mar, 2019

Registration: 08:30:am - 08:30:am

Class Session: 08:00:am - 04:00:am

USD 1,000.00
(Convert Currency)

DUNCAN KARIUKI +254723360025

DATA-AFRIQUE CONSULTANCY
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