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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.


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