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Training on Project Financial Management for Non-Financial Professionals

By: Devimpact Institute

Kenya

30 Jan - 03 Feb, 2023  5 days

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USD 950

Venue: Devimpact Institute Training Centre

Other Dates

Venue Date Fee  
Online , Kenya 23 - 31 Jan, 2023 USD950
Online , Kenya 06 - 14 Feb, 2023 USD950
Devimpact Institute Training Centre , Kenya 13 - 17 Feb, 2023 USD950
Online , Kenya 20 - 28 Feb, 2023 USD950
Devimpact Institute Training Centre , Kenya 27 Feb - 03 Mar, 2023 USD950
Online , Kenya 06 - 14 Mar, 2023 USD950
Devimpact Institute Training Centre , Kenya 06 - 10 Mar, 2023 USD950

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.

Target Participant

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.

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.

Course Duration

Online: 7 Days

Classroom Based: 5 days

Course Outline

  • Introduction to Financial Management in NGOs
  • What is financial management?
  • Importance of financial management in projects
  • The finance function and its relation with other business functions
  • Project financial management cycle
  • Good practice systems: the building blocks of financial management
  • Key supporting policies and standards
  • Project Financial Planning and Project Budgeting
  • The Financial planning process
  • Functions and types of budgets in projects
  • Practical approaches to building good project budgets
  • Donor budget regulations/requirements
  • Budget change/modifications
  • 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
  • Project payments supporting documents
  • Cost Management
  • Use of cost data in decision making
  • Types of Costs
  • Elements of Cost
  • Cost Structures and Methods – Costing services and products
  • Procurement
  • Project cost allocations
  • Admin cost allocations
  • Financial Reporting in Projects
  • 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
  • Budget monitoring
  • Cash flow monitoring
  • Earned Value Management
  • Introduction to Earned Value Analysis
  • Earned Value Calculations
  • Application of EVM analysis in project performance monitoring
  • Value for Money in Projects
  • Internal Control Systems
  • Organization financial management policies
  • Role of audit
  • Financial fraud
  • Financial spending cross approvals
  • Risk Management in Project Financial Management
  • Due diligence in grants management 

Training Approach

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.

Certification

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

Tailor-Made Course

We can also do this as a tailor-made course to meet organization-wide needs. Contact us to find out more

Payment

The training fee covers tuition fees, learning materials, and training venue. Accommodation and airport transfer are arranged for our participants upon request.

Payment should be sent to our bank account before start of training and proof of payment sent to  us by mail.

 

Devimpact Institute Training Centre Jan 30 - 03 Feb, 2023
Online , Kenya 23 - 31 Jan, 2023
Online , Kenya 06 - 14 Feb, 2023
Devimpact Institute Training Centre , Kenya 13 - 17 Feb, 2023
Online , Kenya 20 - 28 Feb, 2023
Devimpact Institute Training Centre , Kenya 27 Feb - 03 Mar, 2023
Online , Kenya 06 - 14 Mar, 2023
Devimpact Institute Training Centre , Kenya 06 - 10 Mar, 2023

Registration: 00:00:am - 11:55:am

Class Session: 08:30:am - 04:00:am

USD 950.00 + 47.50 (VAT)(Classroom-based)
USD 600.00 + 30.00 (VAT)(Online)
(Convert Currency)

Devimpact Institute +254 714349537

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