Best Practices in Financial Analysis, Planning & Control Training Course
Course Overview
| Course Title | Best Practices in Financial Analysis, Planning & Control Training Course |
| Organization | Tech For Development (T4D) |
| Venue | Tech For Development (T4D) Training Center along Tala Road, Runda, Nairobi |
| Duration | 5 days |
| Target Industries |
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| Target Job Roles |
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| Course Fees (Face-to-Face) | USD 1,100/KES 75,000 (Exclusive of VAT) |
| Course Fees (Virtual) | USD 1,000/KES 70,000 (Exclusive of VAT) |
| Training Modes | Virtual and face-to-face training |
| Payment | Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course |
| Accreditation | Tech For Development Certificate of Course Completion |
Course Overview:
This course is designed to provide participants with a comprehensive understanding of financial analysis, planning, and control. It focuses on best practices in evaluating financial performance, developing robust financial plans, and implementing effective control mechanisms. Participants will learn techniques for financial forecasting, budgeting, variance analysis, and cost control, while also gaining practical skills to enhance financial decision-making within their organizations.
Course Duration:
5 Days
Target Audience:
- Financial analysts and accountants
- Finance managers and directors
- Business planners and controllers
- Professionals involved in budgeting, forecasting, and financial reporting
- Entrepreneurs and business owners looking to strengthen their financial management
Personal Impact:
- Develop advanced financial analysis and planning skills.
- Learn how to implement best practices in financial control.
- Improve forecasting and budgeting capabilities.
- Gain expertise in variance analysis and cost management
Organizational Impact:
- Enhance financial performance through more accurate planning and control.
- Improve the organization’s budgeting and forecasting processes.
- Strengthen internal financial controls and accountability.
- Increase the financial decision-making capabilities of key personnel.
Course Objectives:
By the end of this course, participants will be able to:
- Conduct thorough financial analysis using industry best practices.
- Develop comprehensive financial plans and budgets.
- Implement effective financial control systems to manage costs and improve efficiency.
- Use forecasting techniques to predict financial performance and outcomes.
- Perform variance analysis to identify areas for financial improvement.
- Utilize financial reporting to support decision-making and strategic planning.
Course Modules
Course Outline:
Day 1: Introduction to Financial Analysis
- Key concepts in financial analysis
- Understanding financial statements and ratios
- Tools for evaluating financial performance
- Case study: Financial analysis of a sample company
Day 2: Financial Planning and Budgeting
- Principles of financial planning and budgeting
- Budgeting techniques: Zero-based, incremental, and activity-based budgeting
- Preparing and managing budgets
- Project: Developing a financial plan and budget for a business unit
Day 3: Forecasting Techniques
- Quantitative and qualitative forecasting methods
- Using historical data to predict future performance
- Financial modeling for forecasting and planning
- Real-life project: Creating financial forecasts for a business scenario
Day 4: Financial Control and Cost Management
- Implementing financial controls for better decision-making
- Cost control techniques: Fixed vs. variable costs
- Managing working capital and liquidity
- Case study: Applying cost control measures in financial operations
Day 5: Variance Analysis and Reporting
- Conducting variance analysis: Budget vs. actual performance
- Identifying and addressing financial discrepancies
- Best practices for financial reporting and presenting analysis results
- Real-life project: Conducting variance analysis and presenting findings to stakeholders
Course Administration
Methodology
Instructor-led sessions use a blended learning approach combining presentations, guided practical exercises, web-based tutorials, and group work, delivered by seasoned industry experts. All facilitation and course materials are in English, so participants should be reasonably proficient in the language.
Accreditation
Upon successful completion of this training, participants will be issued a Tech For Development Certificate of Course Completion certified by the National Industrial Training Authority (NITA).
Training Venue
The training will be held at the Tech For Development Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.
Accommodation & Airport Transfer
Arranged upon request.For reservations contact the Training Officer:
Email: [email protected]
Phone: (+254) 790 824 179
Tailor-Made
This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our T4D Training Centre or at a convenient location.
Payment
Payment should be transferred to the T4D account through a bank on or before the start of the course. Send proof of payment to [email protected].
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