Financial Management for Non-Finance Managers

Preamble

Many managers and Heads of departments are involved in the management of finances, but have no prior formal training in the financial management, hence the need for this seminar to equip them with the necessary financial management skills and knowledge.

Target Group

Officers in the public service sector, who handle financial responsibilities but have no formal training in finance.

Learning Objectives

On completion, participants should be able to:

  • Explain the sources from which Government/Organizations raised its finances
  • Apply the financial management skills and knowledge acquired to make sound financial
  • decisions and solve financial problems
  • Prepare budgetary estimates and monitor implementation to ensure expenditure control
  • Discuss the Medium-Term Expenditure Framework (MTEF) process
  • Explain the government accounting system and controls inherent in that system
  • Manage supplies and procurements more efficiently
  • Prepare financial statements and reports and interpret them for better decision-making
  • Detect fraud and prevent its recurrence

Content Areas

The course will address the following areas:

  • Sources fo finances
  • Financial management skills
  • Budgeting
  • The Medium-Term Expenditure Framework (MTEF) process
  • Government accounting system and controls
  • Supplies and procurements management
  • Preparing financial statements and reports
  • Fraud prevention and detection

Benefits of attending

Organizations have Staff who possess a good grasp of financial management, hence increasing efficiency in the control and management of finances in their organizations.