ABOUT THE COURSEThis course brings together two most of the most important areas of financial management: Understanding Finance to Influence Strategic Decisions, and Financial Analysis, Planning and Control in Donor Funded Projects like World Bank Projects etcIt will help finance and account officers to:ïƒ˜ Think and manage strategically and plan more effectively for effective use of donor fundingïƒ˜ Identify the role of financial management in strategic decision-makingïƒ˜ Use the financial techniques of planning and control in donor funded projectsïƒ˜ Improve performance from the use of the tools of financial analysis
COURSE OBJECTIVESThe course provides delegates with the knowledge required to find better answers to questions such as:
How does financial management support strategic development in donor funded projects?
Project Monitoring and Evaluation
Disbursement and internal control in World Bank Project
Public Financial Management with Emphasis on Treasury Single Account (TSA)
Understanding Forensic Auditing
Which specific variables, relationships, and trends are likely to be helpful in analysing problems to ensure strong financial management?
How reliable are available financial data, and how is uncertainty and risk likely to impact on the outcomes of decisions?
What limitations are inherent in financial data and the key financial statements, and how will these affect financial analysis?
Increase your knowledge of key motivations for stakeholders in a project
Become confident in assessing the risks in a project and how those risks are typically mitigated
Learn about the structure of financial statements within a financial project and the evaluation of the key drivers of financial performance
Understand how debt and equity providers evaluate the financial performance of projects
• Chief Accountants• Group Finance Directors• Heads of Finance• Finance Managers• Financial Controllers• Accountants• Management Accountants• Executive Directors of Finance• Managers of Financial Accounts• Heads of Accounting and Administration• Finance and Information Systems Managers• Financial Analysts• Auditors• Portfolio Managers
ïƒ˜ International best practices in reporting financial statements
ïƒ˜ Forensic Accounting
ïƒ˜ Understanding Finance through Donor to Influence Strategic Decisions
Fundamentals of Strategic Planning
The Project Finance Process
Project Financing Documentation
Capital Structure and Leverage
The what and Why of budgeting • Budgeting and Reporting Overview: So You Want Perfect Analytics • The key benefits of “good” budgeting and the pitfalls of “bad” budgeting • Essential elements in planning any viable budget • Know your organization’s budgeting “environment” • Putting the pieces together: The budget preparation phase - planning is most of the battle • Monitoring the approved budget: Do more than just "live with it" … succeed with it! • Administering a Budget • Budgets are financial statements: How do we use them effectively. What do they tell you about the past ... the future? • Learn how to use them to pinpoint organizational strengths and weaknesses • The income statement: What does it measure? What is missing from it? • The balance sheet budget: a measu