Fundamentals of Finance, Accounting & Budgeting Training Course
Course Overview
| Course Title | Fundamentals of Finance, Accounting & Budgeting 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 5-day course is designed to provide participants with a solid foundation in finance, accounting, and budgeting principles. It aims to equip individuals with the necessary skills to understand financial statements, budgeting processes, and essential accounting concepts. Through interactive sessions, case studies, and practical exercises, participants will learn how to apply these concepts effectively in their roles, enabling them to contribute to informed financial decision-making within their organizations.
Course Duration:
5 Days
Target Audience:
- New finance and accounting professionals
- Non-financial managers seeking to enhance their financial literacy
- Administrators and support staff involved in budgeting and financial reporting
- Individuals interested in gaining a comprehensive understanding of finance and accounting fundamentals
Personal Impact:
- Build a solid understanding of key financial and accounting concepts.
- Enhance skills in budget preparation and financial analysis.
- Improve confidence in interpreting financial statements and making informed decisions.
Organizational Impact:
- Foster a culture of financial awareness and responsibility within the organization.
- Enhance the accuracy of financial reporting and budgeting processes.
- Support effective decision-making through improved financial literacy among staff.
Course Objectives:
By the end of this course, participants will be able to:
- Understand fundamental finance and accounting principles.
- Analyze and interpret financial statements.
- Develop and manage budgets effectively.
- Apply basic accounting concepts to financial decision-making.
- Recognize the importance of financial planning and control.
Course Modules
Course Outline:
Module 1: Introduction to Finance and Accounting
- Overview of finance and accounting functions in organizations
- Understanding key financial concepts and terminology
- The role of finance in decision-making and strategy
- Practical Exercise: Identifying financial concepts in real-world scenarios
Module 2: Financial Statements and Analysis
- Components of financial statements: balance sheet, income statement, and cash flow statement
- Techniques for analyzing financial performance: ratio analysis, trend analysis
- Understanding the implications of financial statements for decision-making
- Case Study: Analyzing a company's financial performance through its statements
Module 3: Budgeting Basics
- Introduction to budgeting: definitions, types, and importance
- The budgeting process: preparation, approval, and monitoring
- Techniques for forecasting revenues and expenses
- Practical Exercise: Developing a departmental budget based on organizational goals
Module 4: Accounting Principles and Practices
- Overview of key accounting principles (e.g., accrual vs. cash basis)
- Understanding the accounting cycle: recording, classifying, and summarizing transactions
- Best practices for maintaining accurate financial records
- Real-life Project: Creating journal entries and financial reports for a hypothetical scenario
Module 5: Financial Planning and Control
- The importance of financial planning and control in organizations
- Techniques for monitoring financial performance against budgets
- Identifying variances and implementing corrective actions
- Case Study: Evaluating a budget performance report and making recommendations
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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