FINANCIAL SKILLS DEVELOPMENT

Course fee: KSH 80,000, USD 1,000 Start Date: 02/11/2020 End Date: 06/11/2020

INTRODUCTION

This course covers the essential skills needed for finance staff to excel in their companies. From macro level management and financial overview to personal organization and time management, various skills are put into practice to help participants become more successful in the workplace.

DURATION

5 Days

 COURSE CONTENT

v  Introduction

    • Finance Induction
    • Finance for Non-Financial Managers
    • Fraud Awareness
    • Introduction to Accounts Payable
    • Payments to Individuals

v  The macro-finance picture

    • Understanding the accounting cycle
    • The income statement
    • The balance sheet
    • Changes in owners’ equity statements
    • Cash flow statements
    • The relationship of financial statements
    • Functions of management
    • Elements of a vision for finance and accounting department
    • Effectiveness versus efficiency
    • Supporting the operating departments
    • Purpose of the finance and accounting function

v  Key Excel functions and tools to enhance efficiency

    • Consolidating multiple sets of data
    • Applying control at the data entry through data validation
    • Reconciling accounts by using 'vlookup'

v  Organizing the finance function

    • Teamwork skills in finance and accounting
    • Assessing the need for team building program
    • Finance as a project
    • Organizing by function
    • Organizing by purpose
    • Staff duties and responsibilities
    • The need for review and authorization procedures
    • The authorization matrix and control of processes in organizations
    • Cross training and backup strategies
    • Scheduling the monthly accounting cycle

v  Budgeting

    • Managing a Budget
    • Managing a Budget (excluding Research Grants)
    • Salary Forecasting                                                                     

v  Research Grants

    • Forecasting Research Grants Overheads
    • Managing a Research Grant

v  Finance Skills

    • Presenting Financial Data in Reports, Chart and Tables
    • Writing a Business Case
    • Year-end procedures

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprises of presentations, guided sessions of practical exercise, web based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

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 training@afriextraining.org

v  Payment should be made to Afriex Training Limited bank account before the start of the training and receipts sent to training@afriextraining.org

v  Upon successful completion of this training, participants will be issued with an Afriex Training Ltd certificate.

Contact Details

Anniversary Towers 8th Flr, Nairobi
+254 715 310 685 | +254 732 543 623
info@afriextraining.org

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Afriex Training

We engage in empowering individuals, organizations, and societies through quality trainings.