|Course fee: KSH 80,000, USD 1,000||Start Date: 07/12/2020||End Date: 11/12/2020|
FINANCE FOR NON-FINANCE MANAGERS
Business leaders require working knowledge of accounting, auditing, tax and corporate finance to make informed business decisions. The financial information provides a clear picture of the past, the present and the much-needed forecast to the future. By performing a good analysis of the financial standing of the business, the managers can effectively measure the impact in terms of cost effectiveness, the profitability and the wealth creation for the shareholders and related stakeholders.
This Afriex training program is designed to help experienced executives from non-financial backgrounds that need to understand, evaluate and deliver results, while utilizing financial information to inform their decisions.
By the end of the course, participants will be able to:
v To assist the Non-finance professionals to raise their awareness of finance and use the added knowledge to make important managerial decisions
v To create awareness on the short term and long term needs of the businesses and offer possible solutions to counter business failure
v Enable the managers to fully understand the profitability, liquidity and wealth creation and apply the guiding finance principles in improving their businesses.
v To equip the Managers with the current information on the local and international financial markets, risk management, and fraud reduction techniques.
v To enable business owners in assets management and inventory monitoring
Module 1: Introduction – Workshop expectations
v Workshop Introduction, Setting work objectives and participants expectations
v Counter check materials vis a vis the workshop objectives/expectations
v Introduction to Finance and Accounting
v Basic Terms Used in finance
v Group discussion on basic accounting principles
v Understanding of the effective use of Assets, Liabilities and effective management on the same
Module 2: Financial Statements preparation and interpretation
v Financial statements interpretation
v Income Statement, Statement of Financial Position
v The statement of cash flow
Module 3: Decision Making & Budgeting
v Cash Flow vs Profitability
v Wealth Creation for businesses
v Techniques in Analyzing the financial statements
v Budgeting techniques - Budget Development and implementation - Budget monitoring and control
Module 4: Capital Budgeting
v Using financial techniques to make investment decisions from various options presented
v Choosing amongst alternatives projects
v Costing for profits organizations / Companies
v Costing for nonprofit organizations
Module 5: Finance and Administrative Policies and Controls
v Setting finance, administrative and logistical policies
v Setting appropriate internal controls in a business
v Importance of Audit
v Risk and Fraud management techniques
This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of theory, group works, discussions and case studies.
Training manuals and additional reference materials are provided to the participants
TRAINING VENUE, LOGISTICS AND PAYMENT
v Training is residential and will be held at Afriex Training Centre.
v The course fee covers the course tuition, training materials, two break refreshments, lunch, and study visits.
v Accommodation and airport transfer are arranged upon request by the participant.
v This training can also be tailor made for your institution upon request. You can have it delivered in our training Centre or at a convenient location.
v For further inquiries, please contact us on firstname.lastname@example.org
v Payment should be made to Afriex Training Limited bank account before the start of the training and receipts sent to email@example.com
v Upon successful completion of this training, participants will be issued with an Afriex Training Ltd certificate.