Training on Effective Management and Budget Control
Strategic financial management provides the essential ingredients for achieving a sound budget preparation and execution system. This
course effective management and budget control focuses on the issues
and challenges likely to impede the seamless operation of management and
financial accounting processes and examines the techniques and tools
needed to address them. It will underline what constitutes strategic
financial management
and effective budget execution within the context of achieving their strategic and operational objectives.
The course will enhance understanding of all the key processes within the accounting cycles leading up to the preparation of financial statements, including the use of performance management tools.
Course Objectives
On completion, you will be able to:
- Apply strategic financial management to add value to the budget execution process
- Describe the differences between a management accounting system and a financial accounting system
- Undertake cost analysis and apply strategic management and costing principles to support improved decision making
- Understand types of cost information and how to put that information to best use
- Design robust and meaningful financial performance measures to help enhance financial control
- Understand the main processes involved in the preparation of accounts for strategic and operational use by all level of management
- Appreciate the accounting adjustments which are necessary to transform internal management accounts into statutory and regulatory financial statements
Course Content of Effective Management and Budget Control
- The budget execution process
- The framework of management control and expenditure monitoring
- Traditional financial reporting and results-based performance measurement
- Design and implementation of the Chart of Accounts (COA)
- Procurement planning and the use of Public-Private Partnerships (PPPs)
- Costing principles and techniques
- Principles of effective cash management
- Planning and budgeting and their impact on cash-flows and profitability
- Integrated financial management information systems
- Sources of finance
Date | Venue | Register |
---|---|---|
22nd to 26th Jan 2024 | Nairobi | |
19th to 23rd Feb 2024 | Mombasa | |
25th to 29th March 2024 | Nairobi | |
22nd to 26th April 2024 | Istanbul | |
20th to 24th May 2024 | Nairobi | |
24th to 28th June 2024 | Dubai | |
22nd to 26th July 2024 | Nairobi | |
26th to 30th Aug 2024 | Nairobi | |
23rd to 27th Sept 2024 | Nairobi | |
21st to 25th Oct' 2024 | Mombasa | |
25th-29th Nov' 2024 | Nairobi | |
16 to 20th Dec 2024 | Nairobi |
Multiple Training Categories
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