Strategic Financial Management & Effective Budget Execution

Start Date: 2023-05-15 End Date: 2023-05-19

Scheduled Dates:

     15-19 May 2023

      20-24 November 2023

Venue:                       Windhoek, Namibia

Duration:                   5 days

Course Fee:              USD 1850.00

Course Description

As business, face threat from stiff competition in the in today's competitive global market place, coupled with credit crunch and recession in some markets around the Globe, many organisation look forward to having other ways of protecting their businesses and operating margins. The designed course provides the essential ingredients for achieving a sound budget preparation and execution system. It reignites accountability aligning the entire business with actionable and achievable goals and objectives. It is mandatory in today’s dynamic world to be able to link strategy with financial performance.

The Aims of the Course

The course aims to:

• Enhance understanding of all the key processes within the accounting cycles leading up to the preparation of financial statements, including the use of performance management tools.

Course Objectives

By the end of this training, delegates should be able to:

• Apply strategic financial management to add value to the budget execution process;
• Show an in depth understanding of the concept of strategy making and its benefits to their organisations;
• Design robust and meaningful financial performance measures to help enhance financial control
• Understand the link between involvement and accountability;
• Realize the benefits of sustainable competitive advantage;
• Provide insights into developing implementation plans;
• Undertake cost analysis and apply strategic management and costing principles to support improved decision making
• Utilize core competencies and recognition of next competences needed;
• Develop an actionable financial plan with controllable milestones;
• Demonstrate skills to appreciate and avoid the pitfalls of strategic planning; and,
• Greater understanding and willingness to change.

Target Group

• Managers
• Directors
• CEOs
• Project Managers
• Portfolio Managers
• Finance Managers & Accountants