Training on Project Financial Management for Non-Financial Professionals

Posted By : User Ref No: WURUR57977 0
  • Image
  • TypeTraining or Development Class
  • Image
  • Location Nairobi, Kenya
  • Price
  • Date 15-06-2020 - 19-06-2020
Training or Development Class Title
Training on Project Financial Management for Non-Financial Professionals
Event Type
Training or Development Class
Training or Development Class Date
15-06-2020 to 19-06-2020
Last Date for Applying
12-06-2020
Location
Nairobi, Kenya
Organization Name / Organize By
Devimpact Institute
Organizing/Related Departments
Project management
Organization Type
Institution
Training or Development ClassCategory
Both (Technical & Non Technical)
Training or Development ClassLevel
All (State/Province/Region, National & International)
Related Industries

Education/Teaching/Training/Development

OTHERS

Location
Nairobi, Kenya

About the course

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.

Course duration

5 Days

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 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 tailor-made course to meet organization-wide needs. Contact us to find out more:  [email protected]

Registration Fees
Available
Registration Fees Details
$ 950
Registration Ways
Website
Address/Venue
  Muthithi Road  Pin/Zip Code : 38164-00100
Landmark
Nairobi County
Official Email ID
Contact