Public Financial Management (PFMA) and Treasury Regulations

Finance for non-finance manager’s course is for participants who do not have any finance background or knowledge. This course will provide participants with detailed understanding of basic concepts and definitions to enable them read and understand finance related documents and their implications in day-to-day workings.  

If you haven’t yet been trained to prepare a budget, read and analyze financial statements, prepare project feasibility studies, manage costs etc. then this course is for you It is vitally important that managers are able to understand, interpret, and utilize financial information and reports, and can acquire the knowledge and skills to apply financial techniques to financial data, to inform logical and worthwhile decision-making. 

The key elements of the course will be: 

• The role of the Finance Function, in transaction recording and reporting, management control and decision-making, raising finance, internal control and risk management. 

• The basic principles of financial accounting and reporting, the three main financial statements, and how they are prepared and presented. 

• Apply capital budgeting techniques and cost-volume-profit analysis to enhance decision making 

• Management accounting procedures and techniques used in organizations to control operations and inform profitable decision making. 

• Define the four key financial statements: balance sheet, income statement, cash flow and changes in owner equity as well as key financial terms such as profit, margins and leverage used in organizations.

By attending this ICL training course, delegates will be able to: 

• Gain a good understanding of financial concepts and terminology 

• Gain a good understanding of funding and pricing issues 

• Gain a good understanding of operational budgeting and capital budgeting 

• Understand how your day-to-day decisions impact profit and cash flow. 

• Demystify the rules of capital expenditure vs. operational expenditure helping you to justify.

This course is designed for those non-financial staff who have a significant role in ensuring the success of their organization. These could include professionals in the areas of: 

• All non-financial managers, project managers, program managers 

• Non-finance professionals from sales, marketing, human resources, operations, investor relations, productions, legal departments etc 

• Department heads, IT , technical professionals and business consultants 

• Anyone from both the public and private sectors with an interest in developing their financial knowledge and skills.

The role of management 

• The financial management cycle 

• Your Role in the Company Finances 

Accounting Terminology 

• Accounting Terminology 

• The Balance Sheet 

• Liabilities and Equity 

• Profit and Loss Statement (Income Statement) 

• Cash Flow statement 

• Financial management failure and success factors 

• Centralized vs. decentralized financial management 

• Analyzing various accounting ratios 

Budget planning and management 

• Aligning budgets with management plans 

• Format of the budget submission 

• Preparing a budget 

• Budget and budgeting cycle 

• Different budgeting processes 

• Strengths and weaknesses of various budgeting techniques 

• Cash flow projections 

• Forecasting 

Asset management 

• Revenue management 

• Tracking Business Expenses 

• Using Accounting Software 

• Ethical issues surrounding accounting 

• Managing Profit Performance 

• Comparing Investment Opportunities 

• Credits vs. Debits 

• Bookkeeping 

Monitoring financial processes and procedures 

• Variance analysis early warning system 

• Analysis and interpretation of financial statements 

• Analyzing income statements and balance sheets 

• Apply ratio analysis and percentage of financial statements 

• Advantages and limitations of ratio analysis 

Financial reporting and auditing 

• Overview of the auditing function 

• The external audit process 

Project Finance and Capital Budgeting 

• Project evaluation from the financial perspective with examples 

• Understanding the time value of money 

• Capital budgeting techniques – Payback, Discounted 

• Payback, NPV, IRR, Modified IRR, Profitability Index 

• Preparing Financial projections for Project Evaluation & Sensitivity Analysis 

• Case discussion on Project appraisal.