Financial Skills for Business Development Course


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 Objectives

By the end of the session, participants’ will be able to:

  • Develop Financial Literacy
  • Mitigate Financial Risks
  • Optimize Financial Operations
  • Strengthen Team Dynamics
  • Effectively Manage Budgets

COURSE OUTLINE

  • Introduction
    • Finance Induction
    • Finance for Non-Financial Managers
    • Fraud Awareness
    • Introduction to Accounts Payable
    • Payments to Individuals
  • 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
  • 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'
  • 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
  • Budgeting
    • Managing a Budget
    • Managing a Budget (excluding Research Grants)
    • Salary Forecasting                                                                     
  • Research Grants
    • Forecasting Research Grants Overheads
    • Managing a Research Grant
  • Finance Skills
    • Presenting Financial Data in Reports, Charts and Tables
    • Writing a Business Case
    • Year-end procedures

Enroll for this Course

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

IRES

Enroll to In-Person (Face to Face)

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

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IRES

Enroll for a Virtual Zoom Class

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

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IRES

Enroll for Online Self-paced Class

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

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Benefits of Taking a Course at IRES

LEARN

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.

NETWORK

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.

GROW

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.