Budgeting & Financial Management Courses in Nigeria
2KO Nigeria's courses in Budgeting & Financial Management will assist you with understanding the process of drawing up and managing financial budgets as well as teach you varied strategies to manage finances. 2KO Africa is a professional training company, delivering cutting edge programs in the IT space and in selected business applications. Our training is offered online, live online and also by instructor led classes. 2KO Africa's business courses are available world-wide, many of them leading to European Certification, to ensure students have access to the best Budgeting & Financial Management training anywhere in Nigeria, and even the world.
Financial Management (Public Sector) (2 weeks)
As financial resources of projects becomes 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 needs 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 4 week 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.
Who should attend the course?
This course is primarily designed for the following target group in mind.
Principal Budget officers
Assistant budget officers
Department or Sectional Heads
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.
Understanding Budgets in the Public Sector
Functions of the Budget Process
Budgetary Principles & Budget Cycle
Budget preparation, execution and alterations
Cash Planning and Management
Investment Budgets and Programmes (PIPs)
Medium Term Expenditure Framework (MTEF)
Linking Sector level Policy, Planning and Budgeting
Linking Policy, Planning and Budgeting at the Government-Wide Level
Linking Policy, Planning and Budgeting in the Planning and Resource Management Cycle
Stages of the MTEF
Weaknesses that produce Poor Budgeting Outcomes
Approaches to Budget Reform
Context and issues in Budget Reform
Current initiatives in Budget Reform
Institutional arrangements for Better Budgetary Outcomes
Financial Management & Accounting & Control
Preparation of NGO and Government Wide financial Statements
Accounting for Restricted and unrestricted Funds
Fund Accounting and encumbrance Accounting
Interpretation Of Financial Statements
Corruption and Fraud issues in Public Expenditure
Capital Budgeting and Project Financing
Auditing and Financial Control
Public expenditure Monitoring and Tracking and the role of the Auditor general
Computerised Application in recording transactions and presentation of information
Aid and Public Expenditure
Improving effectiveness and Accountability
Poverty and Public Expenditure
Donor Support to Public Expenditure and the relevant accounting
Programme Aid and the Financing Gap
Managing the SWAP approach and Basket Funding
Public Expenditure Management (PEM)
Budgeting and political realities in relation to values of Fiscal discipline and Budgetary outcomes
Millennium Development Goals (MDGs) and PRSPs
Forecasting Models for Planning Purposes
Moving averages and exponential Smoothing
Regression analysis through data analysis applications (Computerised)
Qualitative and Quantitative methods