Uphilos Training & Development center
UPHILOS CONSULTANCY
Register for Training on Effective Management and Budget Control from 22nd to 26th April 2024
Course Fee Covers
ü Training material
ü Tea break refreshments on training days
ü Lunch on training Days
ü A certificate of completion
ü Email based After training support/follow up (upon request)
ü Educational tour to Nairobi National Park
ü Laptop or Tablet (optional)
Other Upcoming Trainings
Training on Finance for Non-finance Professionals Course
Training on Financial Modelling & Valuation course
Training on Grant Management course
Training Forensic Accounting and Fraud control
Training on Real estate Devalopment, Invetment & Management course
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OFFICIAL
EMAIL ADDRESS: trai...@uphilos.com
Overview
Strategic
financial management provides the essential ingredients for achieving a
sound budget preparation and execution system. This course effective
management and budget control focuses on the issues and challenges likely
to impede the seamless operation of management and financial accounting
processes and examines the techniques and tools needed to address them. It
will underline what constitutes strategic financial management The course will enhance understanding of all the key processes within the accounting cycles leading up to the preparation of financial statements, including the use of performance management tools. Course Objectives On completion, you will be able to: · Apply strategic financial management to add value to the budget execution process · Describe the differences between a management accounting system and a financial accounting system · Undertake cost analysis and apply strategic management and costing principles to support improved decision making · Understand types of cost information and how to put that information to best use · Design robust and meaningful financial performance measures to help enhance financial control · Understand the main processes involved in the preparation of accounts for strategic and operational use by all level of management · Appreciate the accounting adjustments which are necessary to transform internal management accounts into statutory and regulatory financial statements
Course Content of Effective Management and Budget Control 1. The budget execution process 2. The framework of management control and expenditure monitoring 3. Traditional financial reporting and results-based performance measurement 4. Design and implementation of the Chart of Accounts (COA) 5. Procurement planning and the use of Public-Private Partnerships (PPPs) 6. Costing principles and techniques 7. Principles of effective cash management 8. Planning and budgeting and their impact on cash-flows and profitability 9. Integrated financial management information systems 10. Sources of finance
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