Financial Management for non-Finance Officers and Retirement Planning Course


This course is designed to provide non-finance professionals with the fundamental knowledge and skills necessary to understand and manage financial resources effectively within their organizations. Participants will learn key financial concepts, tools, and strategies to make informed decisions and contribute to their organization's financial success. Also, Participants will learn about various retirement planning options, investment strategies, and the steps needed to achieve their retirement goals.


15 Days

Who Should Attend?

  • Managers and Executives
  • Project Managers
  • Individuals Nearing Retirement Age
  • HR Professionals
  • Financial Advisors and Planners

Course Objectives

At the end of this IRES training course, participants will learn:

·         Provide participants with a fundamental understanding of financial concepts, terminology, and principles, enabling them to communicate effectively with finance professionals.

·         Teach participants how to create and manage budgets, control expenses, and make informed financial decisions within their departments or organizations.

·         Equip participants with the skills to interpret financial statements, assess the financial health of an organization, and identify key performance indicators.

·         Help participants understand how capital is allocated within an organization, including investment decisions, project evaluation, and resource allocation.

·         Provide an overview of retirement planning, including the importance of retirement savings and the factors that impact retirement income.

·         Teach participants about different investment strategies for retirement savings, including asset allocation, risk tolerance assessment, and long-term growth strategies.

Course Outline

Module 1: Introduction to Financial Management

·         Importance of financial management for non-finance professionals

·         Key financial concepts and terminology

·         Role of financial management in organizational success

Module 2: Financial Statements and Reports

·         Understanding financial statements (Income Statement, Balance Sheet, Cash Flow Statement)

·         Ratio analysis and financial performance evaluation

·         Interpreting financial reports

Module 3: Budgeting and Forecasting

·         Basics of budgeting

·         Creating and managing budgets

·         Forecasting financial outcomes

Module 4: Financial Decision Making

·         Capital budgeting and investment decisions

·         Cost-volume-profit analysis

·         Evaluating financial projects and proposals

Module 5: Risk Management and Financial Planning

·         Identifying and assessing financial risks

·         Strategies for risk mitigation

·         Financial planning and strategy

Module 6: Ethics in Financial Management

·         Ethical considerations in financial decision-making

·         Corporate governance and financial responsibility

·         Case studies and discussions

Module 7: Cost Control and Management

·         Cost classifications

·         Controlling costs and cost reduction strategies

·         Cost-volume-profit analysis

Module 8: Risk Management and Internal Controls

·         Identifying financial risks

·         Internal controls and their importance

·         Fraud prevention and detection

Module 9: Introduction to Retirement Planning

·         Understanding the importance of retirement planning

·         Exploring the demographics of retirement

·         Setting personal retirement goals and expectations

Module 10: Retirement Income Sources

·         Social Security benefits

·         Pensions and employer-sponsored plans

·         Personal savings and investments

Module 11: Assessing Your Current Financial Situation

·         Evaluating your current assets and liabilities

·         Creating a budget and expense analysis

·         Calculating your retirement readiness score

Module 12: Investment Basics for Retirement

·         Overview of different asset classes (stocks, bonds, real estate, etc.)

·         Risk tolerance and diversification

·         Building a retirement portfolio

Module 13: Retirement Planning Tools and Calculators

·         Using retirement calculators and software

·         Monte Carlo simulations for retirement projections

·         Case studies and practical exercises

Module 14: Health and Healthcare in Retirement

·         Medicare and Medigap coverage

·         Long-term care insurance

·         Managing healthcare costs in retirement

Module 15: Managing Retirement Risks

·         Longevity risk and strategies to address it

·         Inflation risk and purchasing power protection

·         Sequence of returns risk

Putting Your Retirement Plan into Action

·         Developing an actionable retirement plan

·         Regular monitoring and adjustments

·         retirementt

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.

Who else has taken this course?

# Job Title Organisation Country
1 Senior Accountant HRMPEB Kenya