Financial Skills for Business Development Course


Course Cover

Register for this course

We are proud to offer this course in a variety of training formats to suit your needs. We use the highest quality learning facilities to make sure your experience is as comfortable as possible. Our face to face calendar allows you to choose any classroom course of your choice to be delivered at any venue of your choice - offering you the ultimate in convenience and value for money.


June 2024

Code Date Duration Location Fee Action
FSB003 17 Jun 2024 - 21 Jun 2024 5 days Mombasa, Kenya KES 92,000 | $2,200 Register
FSB003 24 Jun 2024 - 28 Jun 2024 5 days Nairobi, Kenya KES 83,000 | $2,200 Register
FSB003 17 Jun 2024 - 21 Jun 2024 5 days Kampala, Uganda $2,200 Register
FSB003 17 Jun 2024 - 21 Jun 2024 5 days Accra, Ghana $2,600 Register
FSB003 24 Jun 2024 - 28 Jun 2024 5 days Johannesburg, South Africa $2,600 Register
I Want To See More Dates...

Unfortunately, we do not have any dates scheduled at this time. Do you have a date in mind when you would like to take your training?

Request Custom Schedule

Contact Us on (+254) 715 077 817 / (+254) 792 516 000 or email us [email protected].

June 2024

Date
Duration
Location
Fee
Action
17 Jun - 21 Jun 2024
5 days
Mombasa
KES 92,000 $2,200
24 Jun - 28 Jun 2024
5 days
Nairobi
KES 83,000 $2,200
17 Jun - 21 Jun 2024
5 days
Kampala
$2,200
17 Jun - 21 Jun 2024
5 days
Accra
$2,600
24 Jun - 28 Jun 2024
5 days
Johannesburg
$2,600
I Want To See More Dates...

Unfortunately, we do not have any dates scheduled at this time. Do you have a date in mind when you would like to take your training?

Request Custom Schedule

Contact Us on (+254) 715 077 817 / (+254) 792 516 000 or email us [email protected].


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 Level:

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

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Course Administration Details:

METHODOLOGY

The instructor-led training is 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 professionals and trainers in these fields.

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

ACCREDITATION

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).

TRAINING VENUE

The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments and lunch.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION AND AIRPORT PICKUP

Accommodation and airport pickup is arranged upon request. For reservations contact the Training Officer.

Email: [email protected]

Mob: +250789621067

TAILOR-MADE

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 Tel: +254715077817,  (+254) 792 516 000
 +250 789 621 067  or mail [email protected] or [email protected]

PAYMENT

Payment should be transferred to IRES account through bank on/before course start date.

Send proof of payment to [email protected]


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