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
Related Courses
Course Administration Details:
METHODOLOGY
The instructor-led trainings are delivered using a blended learning approach and comprise 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 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 to their travel expenses, visa application, insurance, and other personal expenses.
ACCOMMODATION AND AIRPORT PICKUP
Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.
- Email: [email protected]
- Phone: +254715 077 817
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:
- Email: [email protected]
- Phone: +254715 077 817
PAYMENT
Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]
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