Economic Planning and Budgeting Training
On completion of the course, participants should be able to:
- Evaluate the financial viability of projects and activities through income statements and balance sheets
- Integrate financial concepts and policies into the management decision and budgeting process
- Improve cost control and working capital management
- Improve planning and budgeting procedures
- Employ cash flow to analyze business status
- Control business operations through effective budget management
- Communicate effectively with financial executives and staff
Course Outline
- General Management Principles and Skills
- Understanding the importance of accounts
- The Basics of Business Finance
- Financial Management : An Overview
- Accounting cycle
- Basics of the accounting cycle
- Analyze, record, and post transactions
- Trial Balance
- Income Statement
- Income Statement basics
- Prepare and interpret an Income Statement
- Balance Sheet
- Balance Sheet basics
- Prepare Balance Sheets
- Interpret Balance Sheets
- The Profit and Loss Account
- Cash Flows
- Management of Liquidity
- Fundamentals of Financial Analysis
- Financial Planning
- Financial Reporting
- Ratio Analysis
- Understanding Financial Statements
- Budgeting and Forecasting Techniques
- Cash Flow Statement
- Types of Budgets
- Budgeting Process
- Purpose of budgets
- Preparing Budgets
- Budget Plans
- The Human Aspect of Budgeting
- IT Skills
- Action planning
Way forward After the Training.
Participants will develop a work plan through the help of facilitators that stipulates application of skills acquired in improving their organizations. ASPM will monitor implementation progress after the training
Training Evaluation
Participants will undertake a simple assessment before the training to gauge knowledge and skills
and another assessment will be done after the training in-order to demonstrate
knowledge gained through the training.
