Financial Management Programme

VENUE: RECABI HQ, Njiro Arusha
DATES: 12th – 23rd August, 2019 (2 weeks)
FEES: US $ 1,300 only

Statement of Need
Financial Management is required for good management of any organization. Top management and members of the Boards of Director (BOD) need to have warking knowledge of financial management because finance is used by all departmets and in all operations. For example, every year organizations prepare annual plans and translate them into budgets. Budgets articulate the financial resources needed to support the annual plans. The annual plans and budgets are presented to the Board of Directors for review and approval. For the above to happen effectively management, staff and Board member need working knwoledge of financial management, including accounting. Hence the need for this programme.

Objectives of the Programme
By the end of the Program participants will be able to correctly:

• Make financing decisions, investment decisions, working capital decisions and dividend decisions.
• Interact with the Financial Markets and make correct decisions such as investing in shares, sourcing funds from the corporate bonds market of the stock exchange
• Manage working capital properly to ensure good liquidity for the organization
• Determine the overall cost of capital using information contained in financial statement, and
• Determine the optimum capital structure of organization

Subject Areas shall include:

• Nature of Financial Management
• Sources of Finances
• Financial Ratio Analysis
• The cost of Capital and time value of money
• Capital budgeting methods of long term investment and
• Financial Markets opeations

Target Participants
The target audience of this programme consists of members of the Board of Directors, top Management team of organizations, Accountants and Auditors of Banks and other Financial Institutions, NGOs, MFIs, SACCOS, SACAS, CBOs, Cooperatives, SMEs, consultants and financial advisors.