Training on Effective Management and Budget Control

Date

Venue

Fees

Registrations

17th- 28th Jan 2022

Nairobi

$2000

14th- 25th Feb 2022

Nairobi

$2000

11th- 22nd Apr 2022

Nairobi

$2000

13th- 24th Jun 2022

Nairobi

$2000

8th-19th Aug 2022

Nairobi

$2000

19th-30th Sept 2022

Nairobi

$2000

17th-28th Oct 2022

Nairobi

$2000

14th-25th Nov 2022

Nairobi

$2000

12th-23rd Dec 2022

Nairobi

$2000

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
and effective budget execution within the context of achieving their strategic and operational objectives.

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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