Finance And Accounting

Financial accounting is the process of recording, summarizing and reporting the myriad of transactions resulting from business operations over a period of time. These transactions are summarized in the preparation of financial statements, including the balance sheet, income statement and cash flow statement, that encapsulate the company's operating performance over a specified period

ANALYSIS OF INTERNATIONAL LOANS, CONTRACT AND BUSINESS AGREEMENTS

COURSE OVERVIEW

 

Financial markets are changing continually and new borrowing instruments are being developed. It is vital for those involved in borrowing and financial management to keep their knowledge and skills up to date. For many developing countries, the need to develop and broaden their financial market is a vital step in strengthening both the public and private financial sector.

 

This course, intended for lawyers and non-lawyers, starts by explaining in laypersons terminology the importance of structuring, negotiating and drafting international loans , contracts and business agreements. It takes on a set of contracts –from bilateral, multilateral and commercial transactions –and explains their structure and key clauses. Special emphasis is placed on how teams of negotiators should negotiate and draft specific clauses of loan contracts and loan agreements. Best practice examples will be provided along this course.

 

PROGRAM KEY FEATURES:

 

  • At the end of the course, it is expected that participants would have on a general note imbibed more skills and knowledge in negotiating international loan contracts a and business agreements. More specifically, each module is designed to impart specific skill and knowledge as indicated at the beginning of each module. Finally, each module ends with some exercises designed to test understanding and assess the performance of the participant.

 

WHO SHOULD ATTEND

 

  • Research staff of the parliament
  • Accountants
  • Financial Directors
  • CFO’s
PUBLIC SECTOR BUDGETING & BUDGETARY CONTROL

COURSE OVERVIEW

 

Governments allocate scarce resources to programs and services through the budget process. As a result, it is one of the most important activities undertaken by governments. As the focal point for key resource decisions, the budget process is a powerful tool. The quality of decisions resulting from the budget process and the level of their acceptance depends on the characteristics of the budget process that is used and the controls that ensure their efficiency.  

 

A budget process that is well-integrated with other activities of government, such as the planning and management functions, will provide better financial and program decisions and lead to improved governmental operations. A process that effectively involves all stakeholders elected officials, governmental administrators, employees and their representatives, citizen groups, and business leaders and reflects their needs and priorities will serve as a positive force in maintaining good public relations and enhancing citizens’ and other stakeholders’ overall impression.  This course will develop participant’s skill in these core areas to make the budget process more meaningful.

 

PROGRAM KEY FEATURES:

 

At the conclusion of this course delegates are expected to be comfortable with the following concepts:

  • What budgets are, and what they are expected to accomplish
  • Government revenue, spending, and borrowing
  • The budget cycle: preparation, enactment, execution, review, and audit
  • Formulation and proposal of the budget
  • Techniques of budgetary analysis
  • Ushering the budget through the process
  • Modifying the budget after adoption
  • Capital budgeting and debt management
  • The economy and its influence on the budget
  • Intergovernmental aspects of public budgeting

 

WHO SHOULD ATTEND

 

  • This course is recommended for officials at middle and senior management level in all spheres of government.
FINANCIAL ANALYSIS AND REPORTING

COURSE OVERVIEW

 

This course covers current practices in corporate financial reporting and fundamental issues relating to asset valuation and income determination. The emphasis is on financial statement analysis and interpretation of financial disclosures to help improve risk assessment, forecasting, and decision‐making.

 

PROGRAM KEY FEATURES:

 

  • Introduction to Financial Reporting and Analysis
  • Articulation of Financial Statements
  • Cash flow Statement and Analysis
  • Revenue recognition
  • Receivables
  • Assessing credit risk
  • Inventories
  • Income Tax Reporting
  • Equity Affiliates

 

WHO SHOULD ATTEND

 

  • Financial Analyst
  • Chief Accountant
  • Accounts executive
  • Financial Controller
  • Financial Manager
  • Management Accountant
MANAGEMENT ACCOUNTING & FINANCIAL PLANNING

COURSE OVERVIEW

 

This course on (MAFP) is designed to enable participants to have an in-depth understanding of Management Accounting and Financial Planning techniques used in the non-profit and profit sectors for internal decision making, to help run their organizations smoothly.

 

PROGRAM KEY FEATURES:

 

  • Management Accounting and Information
  • Financial Planning
  • Cost Information for Activity Appraisal
  • Evaluation of Operational Activities
  • Investment Appraisal
  • Further aspects of investment appraisal
  • Preventing Fraud
  • Final Project



WHO SHOULD ATTEND

 

  • This program will be of benefit to: Managers, Chief Executives, Project Managers, Financial Accountants, Management Accountants, Heads
DIPLOMA IN FINANCIAL CRIME PREVENTION

COURSE OVERVIEW

 

Financial crime is a key threat for industry and regulatory authorities alike. Having knowledgeable, fully trained staff who understand the risks and how they can be managed is essential. This course in Financial Crime Prevention increase awareness amongst individuals and help prevent fraud, protecting firms.

 

PROGRAM KEY FEATURES:

 

  • An Introduction to Financial Crime
  • Practical Application of the International Standards
  • The Prevention and Detection of Specific Financial Crime Risks
  • Investigation, Prosecution and Recovery

 

WHO SHOULD ATTEND

 

  • Fraud Prevention and Investigation Officers, Managers and Deputies
  • Managers with responsibility for internal organisational fraud, financial crime
  • Risk Managers
  • Internal Audit and Regulatory Staff
  • Law enforcement
INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS)

COURSE OVERVIEW

 

The recent financial crisis and associated financial safeguards implemented across all business

sectors have seen even greater pressures exerted on public budgets with governments and public

sector entities encountering growing pressure to provide high-quality transparent financial

statements, clear and decisive financial management approaches and enhanced operational

allocation and performance measures related to public funds. IPSAS (International Public Sector

Accounting Standards) provides a sounds basis for public entities to demonstrate sound accrual

accounting and budgeting techniques, and with its emphasis on performance-based management

being a core competency requires entities to adopt a fresh and innovative approach to developing

new skill sets.

 

This course offers the learner a comprehensive understanding of the essential elements of IPSAS; beginning by building on the foundations laid by the IASB’s mainstream IFRS standards and then looking at these concepts within the framework of the public entity. The course develops key skills competencies through the application of sound theoretical content within a practical, real-life inspired case-study based environment.

 

PROGRAM KEY FEATURES:

 

Attend this comprehensive  2 week training course and learn how to:

  • Apply IPSAS standards to ensure improved accountability via providing a complete and accurate view of an entities operations and performance
  • Improve overall management and planning via the application of more precise estimates of income and expenditure and effective usage of assets and liabilities
  • Achieve greater transparency within your entity regarding your use of primary resources and resulting liabilities
  • Provide a strong system of support for Results-Based Management through achieving the development and utilisation of more comprehensive information about costs and cost budgets
  • Achieve greater harmony within the entity’s reporting and financial statements as a way to encourage and enhance organisational goal congruence
  • Plus: Pragmatic case studies and exercises on all major topics for participants to gain a working knowledge of how to apply and implement IPSAS and the challenges other entities face in adopting IPSAS and how those challenges are overcome.

 

WHO SHOULD ATTEND

 

  • Organisations, including governments and public sector entities, that are currently implementing or considering implementing IPSAS as a basis for accounting
  • Organisations wishing to gain an overview of IPSAS and understand what implications adopting these standards may have on their organisation
  • Financial professionals operating within the finance departments of public entities
  • Increasing your staff ’s awareness about IPSAS through considering the benefits and challenges associated
TREASURY AND CASH MANAGEMENT

COURSE OVERVIEW

 

The banking crisis of 2008, which created financial havoc around the world, caused considerable savings and wealth to evaporate, strained the equity levels of global organisations to unprecedented minimum levels and resulted in money markets, as well as other normally liquid and transparent capital markets, to temporarily freeze up or suspend trading activities.  As a result of the substantial losses caused by this tidal wave of financial ruin that occurred in equity stock markets, currency, commodity and derivative markets on a global basis, treasury and cash management functions are now regarded as vital for the stability, security and profitability of all organisations.

 

PROGRAM KEY FEATURES:

 

Improved treasury management skills by adopting the responsibilities and techniques required to ensure optimum organisational liquidity and profitability

Better prepared to eliminate interest rate and exchange rate risks as well as commodity pricing risks utilising the best available internal and external hedging instruments

Improve cash management skills as a result of gaining a better understanding of liquidity, and portfolio investment returns

 

WHO SHOULD ATTEND

 

  • Professionals directly responsible for treasury and cash management functions. Supervisory professionals responsible for monitoring financial risks, including liquidity, credit, interest rate or exchange rate risks
  • Managers and financial decision makers, whose techniques for decision making and risk analysis will

be improved upon by the tools, techniques, strategies and best practices offered by this programme

ADVANCED FINANCIAL MANAGEMENT AND BUDGETARY CONTROLS

COURSE OVERVIEW

 

This 5-days training seminar brings together important areas of ADVANCE Financial Management, Planning

and Control: Financial Analysis, Planning and Control - Setting & Controlling Budgets.

 

It will help business professionals:

 

  • Plan more effectively for the future
  • Use the financial techniques of planning and control
  • Improve performance from the use of the tools of financial analysis
  • Link planning and budgeting with costing and performance measurement
  • Master the skills of budgetary and cost control

 

The training seminar is split into two modules:

 

MODULE I – ADVANCE Financial Analysis, Planning & Control

 

MODULE II - Setting & Controlling Budgets

 

Each module is structured and can be taken as a stand-alone training course; however, delegates will maximise their benefits by taking Module 1 and 2 back-to-back as a two-week training course.

 

OBJECTIVES

The training seminar provides delegates with the knowledge required to find better answers to questions such as:

 

  • Which specific variables, relationships, and trends are likely to be helpful in analyzing problems?
  • How reliable are available financial data, and how is uncertainty and risk likely to impact on the outcomes of decisions?
  • In an economic and financial analysis, what are the implications and relative importance of cash flow as distinct from accounting profit?
  • What limitations are inherent in financial data and the key financial statements, and how will these affect the financial analysis?
  • How important are qualitative judgments in the context of decision-making?

 

WHO SHOULD ATTEND

 

  • Interns, financial analysts, financial controllers, accountants, treasurers, corporate planning and business development professionals, and others active in the planning process
  • Middle and junior management as a useful element in their career advancement.



FINANCIAL RISK MANAGEMENT

COURSE OVERVIEW

 

  • To understand the concept and impacts of effective financial risk management
  • To effectively classify, quantify and mitigate a range of financial risks
  • To integrate financial risk management within overall organisational risk management initiatives
  • To develop a structured robust financial risk management system for their organisation

 

PROGRAM KEY FEATURES:

 

  • The role and impact of  financial risk management
  • Credit risk
  • Market risk
  • Liquidity risk
  • Corporate governance



WHO SHOULD ATTEND

 

  • Delegates who have either a direct or indirect responsibility for financial risk management within their organisation. The course fully  equips delegates with the necessary skills, tools and templates to develop or enhance their approach to financial risk management.



IFRS 9 - FINANCIAL INSTRUMENTS

BACKGROUND

 

FRS 9 Financial Instruments is effective from 1 January 2018 and replaces IAS 39 Financial Instruments:

Recognition and Measurement. It introduces a logical, more principles-based approach to classification

and measurement of financial assets based on the entity’s business model and an instrument’s cash flow

characteristics. The new forward-looking impairment model requires earlier recognition, and ongoing assessment of credit losses. IFRS 9’s hedge accounting requirements are more principles-based and more closely aligned with the entity’s risk management practices.

 

This course provides an in-depth analysis of IFRS 9 Financial Instruments. It provides numerous examples and illustrations to explain the business model and cash flow characteristics test for classification of financial assets, amortised cost and fair value measurement of financial assets and financial liabilities, de-recognition of financial assets (retained servicing, continuing involvement etc.), measurement of expected credit losses and the accounting and impact of different types of hedges on financial statements. In addition, it covers the disclosures in IFRS 7 and the principles of fair value measurement in IFRS 13.

 

The course is designed to help preparers and users of financial statements to evaluate the impact of IFRS 9 on the business and its financial statements.

 

TOPICS

 

 

  • Introduction

 

    • IASB standards applicable to financial instruments: IAS 32, IAS 39, IFRS 7, IFRS 9 and IFRS 13
    • Introduction to IFRS 9
    • Definition of financial assets, financial liabilities and equity instruments
    • IAS 32 Financial Instruments: Presentation – financial liability versus equity instruments, compound financial instruments and offsetting

 

WHO SHOULD ATTEND

 

  • Financial and management accountants in corporate and financial institutions
  • Staff in treasury, operations, risk management, IT or compliance departments
  • Internal auditors of entities reporting under IFRSs
  • External auditors with clients facing the complexities and challenges in adopting and implementing IFRS 9
  • Staff and management of Central Banks, Deposit Insurance Entities, and other agencies with regulatory responsibility in the financial services sector



INTERNAL AUDITING FOR GOVERNMENTS

COURSE OVERVIEW

 

Public sector audit plays an essential role in maintaining confidence in the stewardship of public funds and in those to whom the responsibility of stewardship is entrusted. Public sector auditors are of course themselves accountable for their performance and are duty bound to undertake their work in a professional, objective and cost-effective manner and with due regard to the needs of the organisations they audit. Their primary audiences are those(such as Parliament, local electorates and taxpayers) on whose behalf they carry out their statutory and other functions. However, as well as addressing these audiences, it is in everyone’s interest that public auditors work with the grain of what public bodies are seeking to achieve and that they seek to add value.

 

This course discusses the service that public sector bodies can expert from their auditors under the headings: achieving mutual understanding in the planning process; making use of the work of other; reporting in an appropriate, fair and timely manner; adding value; and observing professional ethics.

 

PROGRAM KEY FEATURES:

 

at the end of this course, participants should be:

  • Able to plan each audit on a thorough understanding of the audited business, and the environment in which it operates, as it relates to the audit assignment;
  • Be open with the public sector bodies that they audit about their overall audit approach and

how this will be applied in the context of each organisation

  • Fully consider the needs of the public sector bodies they audit in respect of the timing of the

audit and jointly agree to a reasonable timetable for submission of good quality accounts and

completion of the audit

  • Seek to minimise changes in key audit personnel from one year to the next in order to allow

audit staff to develop a sound business understanding and deliver the full potential benefit of

their accumulated knowledge and experience

  • Able to ensure their work is cost-effective by focusing on areas where they assess that the risks

of  error, fraud or other irregularity is greatest and by adopting audit approaches designed to

ensure that they gather sufficient, appropriate evidence to support their audit opinion in the most

cost-effective and timely manner, having regard to the impact of audit on the audited body

  • Be accessible throughout the year to the public sector bodies that they audit.

 

WHO SHOULD ATTEND

 

  • Internal Auditors
  • Forensic Auditors
  • Accountants
  • Management Accountants
BUDGETING & FINANCIAL MANAGEMENT (PUBLIC SECTOR)

COURSE OVERVIEW

 

As financial resources of projects become constrained as a result of multiple demands by the various project objectives, the need for critical budget preparations and compilation has become very important.  Budgets are prepared for many different purposes and the period of future forecasting varies, but most projects budget are prepared annually with the input from the various project activity areas to estimate their proposed expenditure for the period and for the appropriate subvention and allocation of funds earmarked for the projects

 

With this in mind project, finance and budget officers in various donor-funded projects are challenged to exhibit high professionalism in the data mobilisation for the preparation of the budgets and to meet and comply with budget submission deadlines. Sub-vented institutions also need to effectively utilize budget funds allocated in accordance with the initial proposal submitted. This calls for the implementation of a strategic finance and budgetary control effort by all section/department heads and managers towards the achievement of the budget objective.

 

This course has been designed to sharpen the skills of officers who are directly or indirectly involved in finance and budget preparation of projects for their organization, to comply with their donor funding agency reporting requirements

 

PROGRAM KEY FEATURES:

 

At the end of this course, participants will be able: 

  • Understand the principles of financial management for donor/grant funded projects.
  • To understand how financial management and budgeting are interrelated.
  • To grasp the core understanding of how budgets are compiled and monitored.
  • To be able to present a well defined reporting system as a compliance measure.
  • Understand project finance & budgeting

 

WHO SHOULD ATTEND

 

  • Principal Budget officers; Assistant budget officers; Budget Clerks; Finance Managers; Department or Sectional Heads
BEST PRACTICES IN DEBT MANAGEMENT AND INTERNATIONAL BORROWING

COURSE OVERVIEW

 

International best practice and essential principles of modern public debt management. Global practice in public debt management has to constantly adapt to changing economic conditions and volatility in world financial markets. It is essential to have debt strategies that respond to modern issues such as declining revenues, lack of international funds, increasing costs of borrowing and new risks to the government balance sheet. This course explores practical solutions in debt management, including sources of finance, cash and asset management and performance assessment.

 

PROGRAM KEY FEATURES:

 

  • appreciate the role and importance of public debt management and how it links with fiscal and monetary policy
  • explain debt concepts and how domestic financial markets can increase portfolio choice
  • analyse strengths and weaknesses of debt management operations
  • make informed decisions on the costs and risk in the portfolio
  • review a debt portfolio and create a sound debt management

 

WHO SHOULD ATTEND

 

  • Internal Auditors
  • Forensic Auditors
  • Accountants
  • Management Accountants
COMPUTER ASSISTED FINANCIAL MANAGEMENT

COURSE OVERVIEW

 

Financial managers are tasked with determining the financial requirements, maximization of scarce financial resources that best meet the objectives of the organisation.  The role of information of technology to achieving this objective has become necessary in view of the timelines, accuracy and enhanced financial reports that can be generated. Further more the implementation and application of computerized accounting and financial management software will greatly assist managers with business decisions and strategic analysis.

 

This course is designed to re-enforce the existing skills of participants on a sound computerized financial and management accounting applications to enable them make positive contribution to their organisation efficiently and effectively.

 

PROGRAM KEY FEATURES:

 

  • Business Intelligence Centre Module for advance Management Accounts reports
  • Point of Sale Module integrated with inventory.
  • General Ledger Manager Module
  • Maintaining Data Records and Data entering.

 

WHO SHOULD ATTEND

 

  • Managers,
  • Chief Executives
  • Project Managers
  • Financial Accountants
  • Management Accountants
  • Heads