Financial Management Course 1


Financial management is one of the most important aspects in business it involves the strategic planning, organizing, directing, and controlling of financial undertakings in an organization. It also includes applying management principles to the financial assets of an organization, while also playing an important part in fiscal management.

This course is aimed at equipping the participants with the knowledge and skills to apply financial management tools and techniques in business towards decision making.


10 Days

Target audience

This course targets professionals in finance, accounting, business administration and any other professional who wants to become an efficient finance manager.

Course Objectives

At the end of this IRES training course, you will learn how to:

  • Understand financial planning and budgeting 
  • Understand the fundamentals of financial accounting 
  • Analyze and interpret financial reports
  • Effectively manage cost and cash flow 
  • Implement effective internal control systems 
  • Make informed and accurate financial decisions
  • Apply strategic financial management to add value to the budget execution process
  • Undertake cost analysis and apply strategic management and costing principles to support improved decision making

Course Outline

Module 1

Introduction to Financial Management 

  • Scope of Financial Management
  • Objectives of Financial Management 
  • Functions of a finance manager
  • Importance of finance management
  • Organization of finance capitals
  • Working capital management
  • Resource mobilization
  • Evaluation of financing options 

Module 2

Financial Planning 

  • Defining financial objectives and goals
  • Gathering and analysis financial information
  • Developing a financial plan
  • Implementation and review of the financial planning.

Module 3

Budgeting in Financial Management 

  • Understanding the budgeting process 
  • Functions and types of budgets 
  • Budget development 
  • Budget management 
  • Budget regulations/requirements

Module 4

Cash Flow Management 

  • Cash flow forecasting
  • Consolidated budgets and budgeting for core costs
  • Elements of cash flow
  • Cash vs profit
  • Managing cash
  • Bank accounts management

Module 5

Cost Management 

  • Understanding types of costs 
  • Elements of cost
  • Cost Structures and Methods – costing services and products
  • Procurement
  • Cost allocations

Module 6

Financial and Management Reporting

  • Importance of financial reporting 
  • Understanding elements of financial statements
  • Financial statements; income statement, balance sheet, cash flow statement
  • Account management

Module 7

Measuring Finance Performance 

  • Introduction to financial Analysis
  • Steps in financial analysis
  • Financial ratios
  • Budget monitoring
  • Cash flow monitoring

Module 8

Internal Control Systems in Financial Management

  • Organization financial management policies
  • Role of audit
  • Financial fraud
  • Financial spending cross approvals
  • Risk management in project financial management

Module 9

Integrating Management Reporting 

  • Identifying organizational key success factors
  • Measuring economy, efficiency and effectiveness
  • Developing Key Performance Indicators
  • Use of balanced scorecards

Enroll for this Course

We are proud to offer this course in a variety of training formats to suit your needs.


Enroll for a Face-to-Face (In-Person) Class

We use the highest quality learning facilities to make sure your experience is as comfortable as possible.

Register Here

Enroll for a Virtual (Zoom) Class

Join a scheduled class with a live instructor and other delegates.

Register Here

Enroll for an Online Self-Paced Class

Keep track of your own progression throughout your course and ensure continuous improvement.

Register Here

Benefits of Taking a Course at IRES


Our courses are carefully curated to keep you abreast of latest industry trends, technological advancements, and best practices. We employ a variety of teaching methodologies, including hands-on workshops, case studies, and interactive sessions, all aimed at fostering an engaging and effective learning environment. Our expert instructors bring a wealth of knowledge and real-world experience, providing our clients with insights that can be immediately applied in their professional lives.


Our courses serve as a vibrant platform for professionals to connect and engage with a diverse community of peers, industry leaders, and experts. By participating in our programs, you gain access to an invaluable network that spans across various sectors and geographical boundaries. This networking aspect is not just about forming professional relationships; it's about creating a supportive ecosystem where ideas, opportunities, and collaborations can flourish.


Our courses are designed to challenge and inspire professionals to step out of their comfort zones and explore new horizons. Through a combination of theoretical knowledge and practical application, our programs help professionals refine their existing skills and acquire new ones, making them more versatile and competitive.

FAQs & Course Administration Details:

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on Phone: +254 715 077 817 or Email: [email protected].
The instructor led trainings are delivered using a blended learning approach and comprise 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.
Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).
Payment should be transferred to IRES account through bank on or before start of the course. Send proof of payment to [email protected].
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer. Email: [email protected] Phone: +254 715 077 817.