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Training on Financial Management

By: Devimpact Institute


19 - 23 Jun, 2023  5 days

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USD 1,900

Venue: Nairobi

Other Dates

Venue Date Fee  
Nairobi , Kenya 31 Jul - 04 Aug, 2023 USD1900
Nairobi , Kenya 28 Aug - 01 Sep, 2023 USD1900
Nairobi , Kenya 09 - 13 Oct, 2023 USD1900
Nairobi , Kenya 18 - 22 Dec, 2023 USD1900

Financial management is one of the most important aspects in business it involves the strategic planning, organizing, directing, and controlling of financial undertakings in an organization. It also includes applying management principles to the financial assets of an organization, while also playing an important part in fiscal management.

This course is aimed at equipping the participants with the knowledge and skills to apply financial management tools and techniques in business towards decision making.

Target Participants

This course targets professionals in finance, accounting, business administration and any other professional who wants to become an efficient finance manager.

Course Objectives

By the end of this training the participants will be able to: 

  • Understand financial planning and budgeting 
  • Understand the fundamentals of financial accounting 
  • Analyze and interpret financial reports
  • Effectively manage cost and cash flow 
  • Implement effective internal control systems 
  • Make informed and accurate financial decisions
  • Apply strategic financial management to add value to the budget execution process
  • Undertake cost analysis and apply strategic management and costing principles to support improved decision making

Training Duration

Class: 5 days

Online: 7 days

Course Outline

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

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.


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

Tailor-Made Course

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.

Nairobi Jun 19 - 23 Jun, 2023
Nairobi , Kenya 31 Jul - 04 Aug, 2023
Nairobi , Kenya 28 Aug - 01 Sep, 2023
Nairobi , Kenya 09 - 13 Oct, 2023
Nairobi , Kenya 18 - 22 Dec, 2023

Registration: 08:30:am - 04:00:am

USD 1,900.00 + 95.00 (VAT)(Classroom-based)
USD 1,200.00 + 60.00 (VAT)(Online)
(Convert Currency)

Devimpact Institute +254 714349537

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