Organization: Africa School of Project Management
Registration deadline: 02 Sep 2016
Starting date: 05 Sep 2016
Ending date: 09 Sep 2016
About ASPM
The Africa School of Project Management (ASPM) was established in the year 2000 in Kenya as a membership based professional management organisation. The school was formed to address capacity building needs among development partners, donor organizations, Government agencies, International and private sector firms in Africa.
The school has been pivotal in capacity building in South Sudan, South Africa, Botswana, Eritrea, Ethiopia, Kenya, Uganda, Congo, Somalia, Tanzania, Burundi and Rwanda. The school has trained over 12,000 staffs who are involved in different projects and also conducted surveys, evaluations and research in different projects and businesses in Africa.
Training Preamble
Learning Objectives:
- Learn key concepts underpinning the financial management and budget systems and how these provide the framework for financial recommendations in policy initiatives.
- Understand the accountability framework, including roles of the Treasury, Ministers, auditors, Select Committees in the accountability cycle that creates the context within which staff are empowered to expend resources.
- Examine the art of accounting: the terminology; how the numbers are built on assumptions, estimates and biases; the difference between accrual and cash reporting, and how this impacts on the performance of your public sector organisation.
- Understand the difference between operating and capital expenditure, the importance of depreciation, and the cost of capital.
- Learn how the Budget process works
- Examine how to effectively build and manage a budget—what you can and can’t control, and the importance of the assumptions behind the numbers, and how internal budgets sit within the context of the overall plans for the organisation and the external budget process.
- Describe the four building blocks and the seven principles of financial management and the role they play in achieving good practice in financial management
- Describe the financial management roles and responsibilities of board members, managers, finance and programme staff
- Explain the importance of budgets in planning, control and decision-making
- Explain the key components and language of a cash accounting system
- Explain the link between budgets, accounting records and financial reports
Key Modules.
- Accounting fundamental’s
- Grants management
- Grants compliance
- Strategic planning
- International financial reporting standards
- Key accounting terms
- Accounting cycle
- Basics of the accounting cycle
- Analyze, record, and post transactions
- Trial Balance
- Income Statement
- Prepare and interpret an Income Statement
- Balance Sheet
- Prepare Balance Sheets
- Interpret Balance Sheets
- Other financial statements
- Cash Flow Statement
- Statement of Stockholders' Equity
- Budgeting
- Analyse financial statements
- Set objectives
- Monitor performance
- Cash management
- Fundamentals of cash
- Bank reconciliation
- Maintaining control of cash
- Analysis of financial statements
- Importance of analysing statements
- Ratio analysis of a Balance Sheet
- Analysis of Income Statements
- Profitability from Income Statements
- Comparative and percentage analyses
- Inventory and depreciation
- Basics of inventory and depreciation
- Inventory costing methods
- Depreciation methods
- Application of accounting methods
- Calculating depreciation
- Computer applications in Accounting.
Who Should Attend
- Management Accountants
- Business Accountants
- Chief Finance Officers
- Finance Directors
- Finance Managers
- Financial Controllers
- Commercial Managers
- Strategic Planning/Development Managers
- Financial Analysts
- Business Analysts
- Auditors
- Senior Managers
How to register:
kindly, apply through the online application form...http://www.aspm.co.ke/index.php/online-application or drop us mail at info@aspm.co.ke