Training Date 21 Feb - 24 Feb, 2025
Training Mode Virtual
Venue Online
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Managers often fall behind when it comes to finance. More often than not this is due to a lack of understanding, jargon, fear of finance and figures, and an inability to see the importance of a financial strategy and how it will impact on their behaviour and decision making. Likewise, managers who are comfortable and competent in understanding and managing the financial aspects of their day-to-day business benefit from improved business skills and performance, internal respect from colleagues and senior management, enhanced external relations, better cash flow management and ultimately improved career prospects. For those with little or no formal training in finance, this highly interactive course concentrates on the principles, tools and techniques of financial management.

Certification

Upon successful completion of this training, participants will be issued with a certificate of completion.

Outline

  • An Introduction to Financial Reporting

      • Accounting standards and financial reporting
      • Understanding the jargon
      • Building a common financial language

  • The Balance Sheet

      • Understanding different assets and liabilities
      • About fixed assets
      • Current assets and liabilities – what they are and how to improve them
      • Benchmarking and comparators
      • Key ratios and trends

  • The Income & Expenditure Statement

      • The key components of the income and expenditure statement
      • Analysing key ratios and trends
      • Managing different types of costs and their behaviour
      • Analysing income streams
      • Improving profitability and productivity

  • Management Accounts

      • What management accounts should tell us
      • How these figures contribute to the overall performance
      • Managing the cash flow as well as the costs
      • Managing variances and making any necessary improvement

  • Budgeting & Forecasting

      • The principles of forecasting and budgeting
      • Revenue budgets
      • Budgeting for projects – how to do a cost-benefit analysis
      • Capital expenditure
      • Where budgeting can go wrong and how to avoid the principal problems

Approach

This course is delivered by our seasoned trainers who have vast experience as expert professionals in the respective fields of practice. The course is taught through a mix of practical activities, theory, group works and case studies. Training manuals and additional reference materials are provided to the participants.

Tailor-Made

We can also do this as a tailor-made course to meet organization-wide needs. Contact us to find out more: training@maarifaconsult.com / and cc maarifaconsult@gmail.com
OR Call us on +256774361213

Fees & Payment

Fees Ugandans: UGX400000 International: USD200

The training fee covers tuition fees, learning materials, Lunch & Breakfast. Payment should be sent to our bank account before start of training and proof of payment sent to training@maarifaconsult.com /or maarifaconsult@gmail.com

Bank Account can be Requested.