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.

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 Duration:          5 Days

Course Objectives

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 Content

Introduction to Financial Management in NGOs

• What is financial management?
• Importance of financial management in projects
• The finance function and its relationship 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 will be delivered by our skilled trainers who have vast knowledge and experience as expert professionals in the fields. The course is taught in English and through a mix of theory, practical activities, group discussion and case studies. Course manuals and additional training materials will be provided to the participants upon completion of the training.

Tailor-Made Course

This course can also be tailor-made to meet organization requirement.

Training Venue 

The training will be held at our Upskill Training Centre. We also offer training for a group at requested location all over the world. The course fee covers the course tuition, training materials, two break refreshments, and buffet lunch.

Visa application, travel expenses, airport transfers, dinners, accommodation, insurance, and other personal expenses are catered by the participant

Certification

Participants will be issued with Upskill certificate upon completion of this course.

Airport Pickup and Accommodation

Airport pickup and accommodation is arranged upon request.

Terms of Payment: Unless otherwise agreed between the two parties, payment of the course fee should be done 3 working days before commencement of the training to enable us to prepare better

Course Booking

Please use the “book now” or “inquire” buttons on this page to either book your space or make further enquiries.