Project Financial and Budgetary Management Training
This professional short course is designed for all staff in a project. All organizations need to manage performance so that their financial and strategic objectives are achieved and management and financial stakeholders can be confident in the associated control processes. The proper construction and control of budgets is central to this, to safeguard the organization’s viability and the effective delivery of its objectives.
This requires a comprehensive financial planning and approval framework; consistent and rigorous processes for constructing budgets, both capital and revenue; sound methodologies for assessing the financial impact of proposed expenditure; compatibility with other management and performance data, and a control system that sets clear responsibilities and produces prompt and accurate monitoring information on performance against budgets.
This course is designed to equip all Staff involved in the budgeting and forecasting process, and their
supervisors and managers. This programme will benefit professionals who want who want to round out
their professional education as they take on more management responsibility.
Who should attend?
This course will benefit:
• Finance Managers
• Planning/Budget Controllers
• Cost Controllers
• Middle Management officers in Planning /Budgeting
• Financial and Product Control
• Finance Business Partners
• Management, Statutory and Regulatory Reporting
• Auditors and Internal Control
• Accountants and Consultants.
Training Outcomes.
After completing this course you will be conversant with
Accounting fundamental’s
Grants management
Grants compliance
International financial reporting standards
Key accounting terms
Accounting cycle
Basics of the accounting cycle
Analyze, record, and post transactions
Trial Balance
Income Statement
Prepare and interpret an Income Statement
Balance Sheet
Prepare Balance Sheets
Interpret Balance Sheets
Other financial statements
Cash Flow Statement
Statement of Stockholders’ Equity
Budgeting
Analyze financial statements
Set objectives
Monitor performance
Cash management
Fundamentals of cash
Bank reconciliation
Maintaining control of cash
Financial Risk Analysis Techniques
Risk assessment
Risks, consequences and sustainability
Analysis of financial statements
Importance of analyzing statements
Ratio analysis of a Balance Sheet
Analysis of Income Statements
Profitability from Income Statements
Comparative and percentage analyses
Inventory and depreciation
Basics of inventory and depreciation
Inventory costing methods
Depreciation methods
Application of accounting methods
Calculating depreciation
Computer applications in Accounting
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 continuously monitor implementation progress after
the training.
Training Evaluation:
Participants will undertake a simple assessment before the training to gauge knowledge & skills and
another assessment will be done after the training in-order to monitor skills gained through the training
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