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FINANCIAL
MANAGEMENT AND
MANAGEMENT
INFORMATION SYSTEMS
GENERAL INTRODUCTION
The financial strength of any business
organisation depends on efficient acquisition and management of its resources
by those who have responsibility and authority to control the use of these
resources and accounting for them accordingly.
The degree of effectiveness of management
control over the use of resources depends on the quality, relevance and
timeliness of information available to management. For the efficient provision of this
information, there is the need to enhance the skills of staff in the use of
Information Technology.
Against this background, the courses offered by
the Financial Management and Management Information Systems Department
including Financial Accounting, Management Accounting, Financial Management,
Internal Auditing, Stores Management, Purchasing Management, Records
Management, Computer Application Packages for Business Operations and Management,
among others are designed to help managers at all levels of organisations to
develop and improve their knowledge and skills.
Click
on the courses to see the course content and other details
Basic Accounting
for Small Business
Budgeting and
Budgetary Control
Computer software
Application Packages for Business Operations & Management
Costing &
Pricing of Products and Services
Finance &
Accounting for Non-Finance Managers
Financing Small and
Medium Scale Businesses
Purchasing and
Supply Management
===================================================
INTRODUCTION
High failure rate of small and medium scale businesses
can be largely attributed to inability to adequately determine and apply the
financial resources of their businesses.
It is therefore incumbent on entrepreneurs, particularly those going
into business for the first time, to equip themselves with the necessary
information on how to finance their businesses, the forms of finance available
and the sources and the requirements/conditions for accessing such funds.
OBJECTIVES:
At
the end of the course, participants will be able to:
§
Estimate the financing
needs of small and medium scale businesses;
§
Identify the main
components of a business plan;
§
State the techniques for
managing inventory, debtors and receivables;
§
Identify profitable forms and sources of financing small and medium
scale businesses.
CONTENTS:
§
Overview
of the Finance Function;
§
Business Plan preparation;
§
Forms and Sources of Financing;
§
Determining
Profit and Cash Flows;
§
Inventory
and Debtors Management;
§
Cash
Management and Control.
INTENDED FOR:
Owner-managers, Managers of Small and Medium Scale Businesses,
Potential Entrepreneurs.
PRESENTATION:
Lectures, Discussions, Exercises, Syndicate Work
DURATION: 1
WEEK PERIOD: APR 14 - APR 18
VENUE:
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INTRODUCTION
Managing Credit Schemes is a skill which has
been practiced since the beginning of civilization. The techniques have constantly changed
according to the needs of businesses. High rate of default by credit
beneficiaries affect operating profit
and thereby necessitating quality credit management.
This course is therefore designed to equip
credit managers and officers with the necessary skills to manage their credit
schemes in an efficient manner.
OBJECTIVES:
At
the end of the course, participants will be able to:
§
Determine the nature, benefits and cost of credit;
§
Evaluate risks of credit schemes;
§
Identify specific credit needs of enterprises;
§
Design suitable Records Keeping Systems for credit schemes;
§
Prepare a Business Plan .
CONTENT:
§
Nature of Credit Schemes;
§
Credit for sustainable development;
§
Forms and cost of credit;
§
Payment terms and methods;
§
Credit Risks;
Credit Decision Making;
§
Gender and Credit Management;
Credit and Entrepreneurship;
§
Records Keeping;
§
Business Plan Preparation
INTENDED FOR:
Credit Officers, Operators of Credit Schemes, Credit Associations and
Staff of Credit Departments of Financial Institutions.
PRESENTATION:
Lectures,
Discussions, and Exercises.
DURATION: 1 WEEK PERIOD: MAY 05 - MAY 09
VENUE:
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INTRODUCTION:
Managers need to understand the financial
performance of their businesses in order to be effective. It is therefore
imperative for all levels of managers who have had no formal training in
finance and accounting to be given a good appreciation of finance and
accounting.
This course, Finance and Accounting for
Non-Finance Managers has been designed to assist managers without formal
training in finance and accounting to be equipped with the relevant skills for
discharging their duties.
OBJECTIVES:
At the end of the course, participants
will be able to:
§
Explain finance and accounting terms and concepts;
§
Determine the differences between financial accounting, management
accounting and financial management;
§
Analyse and interpret financial statements;
§
Appreciate the financial implications of managerial decisions.
CONTENT:
§
Accounting concepts and terms;
§
Objectives and Uses of Financial Statements;
§
Analysis and Interpretation of Financial Statements;
§
Accounting for Managerial Decision Making.
§
Budgeting and budgetary control;
§
Investment appraisal.
INTENDED FOR:
Non-Finance Managers (Production, Marketing, and
Administrative Managers/Officers), and Professionals (Surveyors, Architects,
Pharmacists, Surgeons, Medical Officers and Engineers.).
PRESENTATION:
Lectures, Discussions, Exercises, Case Studies,
Syndicate Work.
DURATION: 1 WEEK PERIOD: JUN 02 - JUN 06
SEP 15 -
SEP 19
VENUE:
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INTRODUCTION
This MS Excel course will equip participants
with basic skills for processing data and producing reports in spreadsheet
format in a timely and effective manner.
OBJECTIVE:
At the end of the course, participants
will be able to:
§
Use the MS Excel to process financial and
statistical data to produce appropriate reports.
CONTENT:
§
Getting Started with the MS Excel;
§
Using Mathematical Formulae and Functions;
§
Using the Editing Menu;
§
Worksheet Formatting;
§
Printing of Worksheet;
§
Presenting Data with Charts;
§
Using the “Help” wizard.
INTENDED FOR:
All Levels of Staff and persons with little or
without computer skills.
PRESENTATION:
Lectures, Demonstration, and Hands-on Exercises.
DURATION: 3 DAYS PERIOD: JUN 11 – JUN 13
VENUE:
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INTRODUCTION:
Costing and Pricing of products and services provide
strong basis for assessing the profitability and sustainability of a business.
The course on Costing and Pricing of Products
and Services is designed to equip managers and officers with the necessary
skills and knowledge in various forms of costing and how pricing can be used
for effective decision-making.
OBJECTIVES:
At the end of the course participants
will be able to:
§
Classify Costs;
§
Identify Cost Systems;
§
Compute Cost of Products and Services
§
Determine Break-Even Point;
§
Calculate Variances for Cost Control purposes;
§
Use Costing Systems for Pricing decisions;
CONTENT:
§
Cost Concepts and Cost Classification;
§
Costing Systems;
o Standard
Costing;
o
Marginal Costing and Break-Even Point;
o
Job Order Costing;
o
Process Costing;
§
Variance Analysis;
§
Costing for Pricing Decisions;
§
Cost Control and Cost Reduction;
§
Pricing Strategies
INTENDED FOR:
Production Managers/Officers/Supervisors and
Cost and Management Accountants/Officers.
PRESENTATION:
Lectures, Discussion, Exercises, Syndicate Work
and Case Studies
DURATION: 1 WEEK PERIOD: JUN 23 – JUN 27
VENUE:
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INTRODUCTION:
Database Management Systems (DBMS) are a
fundamental component of any management information system. DBMS provide us
with a platform to build, store and maintain databases, and provide up-to-date
information on clients, personnel, inventory, markets, etc. on timely
basis.
The course on Microsoft Access will provide
participants with basic skills for creating and managing databases.
OBJECTIVE:
At
the end of the course, participants will be able to:
§
Use
the MS Access to create and manage databases.
CONTENT:
§
Introduction
to MS Access;
§
Creating
a Database;
§
Customising
Forms
§
Querying the Database;
§
Creating
and Customising Reports;
§
Relating
Tables;
§
Using
the “Help” wizard.
INTENDED FOR:
All Levels of staff and persons with little or
without computer skills.
PRESENTATION:
Lectures, Demonstration, and Hands-on Exercises.
DURATION: 1 WEEK PERIOD: JUN 16 – JUN 20
VENUE:
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INTRODUCTION
The strategic role of purchasing and supply management
is widely recognized in government, private and parastatal organizations. There
is therefore the need to have trained
purchasing and supply professionals who are capable of managing the processes of purchasing and supply from
specifications, sourcing through to the point of use.
The need to have knowledgeable and skilled
personnel to undertake the purchasing and supply activities in organisations
cannot therefore be over-emphasized.
OBJECTIVES:
At the end of the course, participants will
be able to:
§
Design a corporate purchasing and supply plan;
§
Develop database on suppliers;
§
Evaluate bids and tenders
§
Negotiate and manage purchasing and supply contracts.
§
Broaden perception in “value for money” concept.
CONTENT:
§
Organisation and Management of the Purchasing and Supply Function;
§
Purchasing and supply
Objectives, Policies and Procedures;
§
Local and Overseas Purchasing and Supply;
§
Purchasing Documentation;
§
Verification and Specifications of Material Requirements;
§
Negotiating Terms of Purchase and Supply;
§
Law of Contracts;
§
Bids and Tender Evaluation;
§
Shipping and Transportation Regulations on importation of products
§
Appreciation of the Public Procurement Law
§
Stores planning and administration
§
Stores security and waste control
§
Stock-taking and verification methods
INTENDED FOR:
Purchasing Managers/Officers, Internal Auditors,
Accountants, Project Managers / Officers, Production Managers/Officers, Quality
Control Managers /Officers and Storekeepers/ Officers.
PRESENTATION:
Lectures, Case Studies, Exercises, Syndicate
Work, Project Work, Role Play and Film Shows.
DURATION: 2 WEEKS PERIOD: JUL
07 -
JUL 18
VENUE:
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INTRODUCTION
Efficiently managed records are essential for
the provision of timely and accurate information to decision makers.
The course on Records Management is therefore
designed to update and upgrade the knowledge and skills of those who are
involved in managing the records of their organizations.
OBJECTIVES:
At the end of the course, participants
will be able to:
§
Define the scope and purpose of records management;
§
Design a cost-effective records management system;
§
Analyse and suggest improvements to the existing records management
system of their organisations.
CONTENT:
§
Purpose and Scope of Records Management
§
Historical perspective of records keeping
§
Process of Records Management
o
Generation of records;
o
Classification and Indexing;
o
Records Maintenance and Usage;
o
Records Census;
o
Records Schedule;
o
Preservation of Historical Records.
§
Registry: Functions and Organisation;
§
Types of Records Processing Systems;
§
Records Centre and Archives management
§
Records equipment and security
INTENDED FOR:
Administrative and Human Resource
Managers/Officers, Records Managers/Officers, Registry Staff and other
personnel dealing with records.
PRESENTATION:
Lectures, Case Studies, Exercises, Field Visit
and Project Work.
DURATION: 2 WEEKS PERIOD: JUN 16 - JUN 27
OCT
27 – NOV 07
VENUE:
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INTRODUCTION
Financial Management is about assessing
corporate financial needs, where to raise the funds from and how to use such
funds to increase the value and productivity of the organisation.
The Financial Management course is therefore
designed to equip managers and officers with the necessary skills to enable
them add value to and improve the productivity of their organizations.
OBJECTIVES:
At the end of the course, participants
will be able to:
§
Identify forms and sources of financing;
§
Use financial ratios to measure performance;
§
Appraise investments decisions;
CONTENT:
§
The Finance Function;
§
Analysis and Interpretation of Financial Statements
§
Financial Planning;
§
Forms and Sources of Financing;
§
Management of Working Capital;
§
Financial and Capital Structure Analysis; and
§
Investment Appraisal.
§
Financial control models
§
Financial Administration Act, 2203 (Act 654)
§
Introduction to MS Excel
INTENDED FOR:
Accountants, Financial Managers, Project
Managers, Project Analysts, Bankers and Senior Managers.
PRESENTATION:
Lectures, Exercises, Case Studies, Group
Discussions and Field Visit.
DURATION: 2 WEEKS PERIOD: OCT
06 – OCT 17
VENUE:
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INTRODUCTION:
Budgeting and Budgetary Control is a rational
means of allocating and controlling scarce resources of an organisation towards
the attainment of set goals and
objectives.
This Course on Budgeting and Budgetary Control
is designed to provide participants with
the necessary tools for efficient planning and controlling the resources of
their organisations.
OBJECTIVES:
At the end of the course, participants
will be able to:
§
Prepare Functional and Master budgets;
§
Design a budgetary control system.
CONTENT:
§
Planning Versus Budgeting;
§
Prerequisites for Effective Budgeting;
§
The Budgeting Process
o
Determining Budget Estimates
o
Budget Reconciliation
o
Budget Consolidation
o
Budget Approval
§
Types of Budgets:
o
Functional Budgets;
o
Master Budget;
§
Budgetary Control Process:
o Setting
Standards;
o Measuring
Actuals;
o Variance
Analysis;
§
Cost Control and Cost Reduction
§
Introduction to MS Excel.
INTENDED FOR:
Line Managers, Divisional Heads, Departmental
Heads and other personnel in Managerial Positions.
PRESENTATION:
Lectures, Exercises, Group Discussions and
Project Work.
DURATION: 2 WEEKS PERIOD: JUL 28- AUG 08
VENUE:
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INTRODUCTION
The course on Microsoft PowerPoint (MS
PowerPoint) is designed to provide
Trainers, Sales and Marketing staff and other senior managers with basic skills
to enable them produce and make effective visual presentations.
OBJECTIVE
At
the end of the course, participants will be able to:
§ Use the MS Power Point to make effective
presentations.
CONTENT:
§
Features of MS Power Point;
§
Creating Slides;
§
Adding Visuals to Slides;
§
Running Slides Shows;
§
Using Power Point with other Applications;
§
Printing a Presentation;
§
Presentation skills
§
Project work
INTENDED FOR:
Secretaries, Trainers/ Facilitators and
professionals with or without computer skills.
PRESENTATION:
Lectures, Demonstration, Hands-on Exercises and
Project work.
DURATION: 3 DAYS PERIOD: AUG 11 - AUG 13
VENUE:
INTRODUCTION:
A large part of the information that business
managers require for decision making is derived from Financial Statements.
This course on Financial Accounting has
therefore been designed to help improve the capacity of participants to enable them provide quality
financial information to all
stakeholders.
OBJECTIVES:
At the end of the course, participants
will be able to:
§
Apply the principles of accounting effectively;
§
Prepare Income Statement, Balance Sheet and Cash Flow Statements.
§
Analyse and Interpret Financial Statements; and
CONTENT:
§
Accounting Concepts and Conventions;
§
Source Documents and Books of Accounts;
§
Chart of Accounts;
§
Financial Statements;
§
Analysis and Interpretation of Financial Statements
§
Introduction to MS Excel.
INTENDED FOR:
Accounting Managers/Officers, and other
Accounting Personnel.
PRESENTATION:
Lectures, Discussions, Exercises and Project
Work.
DURATION: 2
WEEKS PERIOD: AUG 11 - AUG. 22
VENUE:
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INTRODUCTION:
Internal Auditing is an integral part of the
control system that ensures the adequacy and effectiveness of an organisation’s
system of internal control. The proper
working of an internal control system of an organisation enhances the
efficiency of its performance, whilst the inadequacy or ineffectiveness of it
could spell the demise of the organisation.
This course on Internal Auditing is designed to
equip auditors and management personnel with an in-depth knowledge of the
function of internal auditing as well as provide adequate skills in evaluating
and auditing internal control systems.
OBJECTIVES
At the end of the course, participants
will be able to:
§
Define the elements of internal accounting
control;
§
Evaluate the effectiveness of an organisation’s
systems of internal control;
§
Design and carry out compliance and substantive
tests.
CONTENT:
§ Purpose and Scope of
Internal Audit;
§ The Audit Process;
§ The Internal Audit Function;
§ Financial, Compliance and Operational Audit;
§ Compliance and Substantive Tests;
§ Audit Programmes and Working Papers;
§ Audit of Automated Systems;
§ Audit Sampling;
§ Verification of Assets and Liabilities;
§ Internal Controls and Checks;
§ Audit Investigation and Reporting; and
§ Audit Report
INTENDED FOR:
Internal Auditors/Officers, Accountants,
Accounts Officers and Managers.
PRESENTATION:
Lectures, Exercises, Case Studies and Syndicate
Work.
DURATION: 2 WEEKS PERIOD: AUG
25 - SEP 05
NOV
03 – NOV 14
VENUE:
INTRODUCTION:
The purchasing, handling and storing of
materials to meet the needs of users form part of the fundamental functions of
every organization. This range of activities illustrate the strategic role
stores play the supply chain of an organisation.
In the current highly competitive business
environment coupled with economic constraints, every organisation is encouraged
to adopt measures that will contribute to minimising the level of investment in materials stock
for realising its corporate objectives.
This course in Stores Management is being organised to equip participants with up-to-date techniques of
managing their organisation’s material stocks.
OBJECTIVES:
At the end of the course, participants
will be able to:
§
State the strategic role and objectives of the Stores Function;
§
Design an effective stock control system; and
§
Formulate a workable Stores Management plan.
CONTENT:
§
Stores Functions and Procedures;
§
Organisation and Management of the Stores Function;
§
Classification and Indexing of Stores;
§
Introduction To Computer Applications for Stores Management (MS
Access);
§
Handling and Storage
Equipment;
§
Receipt, Inspection and Issue of Materials;
§
Stores Records;
§
Stores Accounting
§
Stock Control Systems;
§
Stock-taking and Checking Procedures; and
§
Stores Planning and Layout.
INTENDED FOR:
Materials Managers, Stores
Managers/Storekeepers, Project Managers, Accountants and Auditors.
PRESENTATION:
Lectures, Discussion, Exercises, Syndicate Work
, Field visit and Film Shows.
DURATION: 2
WEEKS PERIOD: SEP 08 - SEP 19
VENUE:
INTRODUCTION
The course in Microsoft Word provides participants with basic skills that
enable them to produce various types of documents such as reports, memos, tables,
forms, and newsletters effectively and efficiently.
OBJECTIVES:
At
the end of the course, participants will be able to:
· Use MS Word to create, edit and print
documents;
· Merge standard letters to database;
· Create and use templates.
CONTENT
§
Viewing and Moving Documents around;
§
Creating, Saving, Retrieving and Printing Files;
§
Using Spell Check;
§
Moving and Copying Text;
§
Formatting Text;
§
Search and Replace;
§
Headers and Footers;
§
Page Numbering;
§
Creating Tables;
§
Bullets and Numbering;
§
Creating Columns;
§
Generation of Table of Contents;
§
Mail Merge
INTENDED FOR:
Secretaries, Trainers/Facilitators and other
persons with or without basic computer skills.
PRESENTATION:
Lectures, Demonstration, Hands-on Exercises and Project
work.
DURATION: 3 DAYS PERIOD: AUG 25 - AUG 27
VENUE:
INTRODUCTION
Management Accounting is geared towards
providing costing information and for
planning and controlling organisational resources. As an internal
decision-making tool, Management Accounting provides the basis for assessing
the costs and benefits of a product, a service, an activity or a
section/department, as well as for planning the allocation, disbursement, and
monitoring and evaluation of the
resources of the organisation to ensure organisational effectiveness.
The course in Management Accounting is intended
to equip managers and officers in production/operational and service businesses
in particular with skills in costing and pricing of products and services and
budgeting of organisational resources.
OBJECTIVES
At
the end of the course, participants will be able to:
· List the types of
costing methods;
· Design a cost structure
for their organisations;
· Prepare Operating and
Capital Budgets;
· Design Budgetary Control
Systems;
· Appraise Investment Proposals;
· Apply appropriate Pricing
Methods, and
· Determine Break-Even
Point of a firm’s operations.
· Introduction to MS Excel
CONTENT:
§ Relationship between
Financial Accounting, Financial Management and Management Accounting;
§ Management Accounting as a Management Tool;
§ Types of costing;
§ Break-Even Analysis;
§ Budgeting and Budgetary Control System;
§ Costing Systems
o
Job and Process Costing;
o
Absorption and Marginal Costing
o
Standard Costing and Variance Analysis
§ Analysis of Investment Decisions;
§ Divisional Performance Measurement; and
§ Management Reports.
INTENDED FOR:
Marketing Managers, Accountants, Production
Managers, and Project Managers / Analysts.
PRESENTATION:
Lectures, Discussions, Exercises, Case Studies,
and Syndicate Work.
DURATION: 2 WEEKS PERIOD: SEPT 29 - OCT 10
VENUE: ACCRA FEE: ¢700.00
INTRODUCTION:
The course in Microsoft Project (MS Project)
will provide participants with basic skills that will enable them to plan,
implement, monitor and evaluate projects and other business operations and
produce accurate and timely reports.
OBJECTIVE:
At
the end of the course, participants will be able to:
§
Use MS Project for planning, analysing and
monitoring and evaluating of projects.
CONTENT:
§
Creating a Project
§
Assigning People and
other Resources to project tasks
§
Generating and Printing Reports
§
Working with Views,
Tables, and Filters
§
Working with Costs;
§
Analysing and
Adjusting the project schedules
INTENDED FOR:
Project Managers/Officers, Operations/Production
Managers/Officers, and Credit Officers with or without basic computer skills.
PRESENTATION:
Lectures, Demonstrations, Hands-on Exercises and
Project work.
DURATION: 1 WEEK PERIOD: SEP
22 - SEP 26
VENUE:
INTRODUCTION:
Computer Software Application packages play a major
role in business operations and management.
The global nature of innovations in information technology demands that
due recognition is accorded to the role of Computer Software Application
Packages.
The course will provide participants with a
hands-on experience on how computer software application packages automate and
support the end-user and contribute to the overall management of business organisations.
OBJECTIVES:
At the end of the course, participants
will be able to:
§
Perform basic housekeeping functions on the
computer;
§
Use a Word Processing package to produce reports and letters;
§
Use a Spreadsheet package to analyse data and
generate graphs and reports;
§
Use a Database package to process data and
generate reports.
§
Use a Presentation software to prepare and make
effective presentation.
CONTENT:
§
Introduction to Computers
§
Introduction to MS Windows
§
Introduction to Word Processing - MS WORD
§
Introduction to Spreadsheets - MS EXCEL
§
Introduction to Databases - MS ACCESS
§
Introduction to MS POWERPOINT
INTENDED FOR:
Departmental Heads, Sectional Heads, Managers
and Supervisors with or without basic computer skills.
PRESENTATION:
Lectures, Demonstration, and Hands-on
Experience.
DURATION: 2 WEEKS PERIOD: OCT
20 - OCT 31
VENUE:
INTRODUCTION
The business environment is characterized
by decision-making based on sound accounting principle and
business operating plans.
This course, Basic Accounting for Small
Business, is purposely designed to meet the accounting needs of all small and
medium size enterprises.
OBJECTIVE
At the end of the course participants will be
able to:
³
Demonstrate knowledge and skills in Basic Accounting
CONTENT
§
Purpose and Scope of Accounting
o
Records keeping
o
Types of Accounting Records
o
Accounting Cycles
§
Source Documents:
o
Revenue Documents
o
Payment Documents
o
Stores Documents
o
Files
§
Books of Accounts:
o
General Journal
o
Special Journal
o
General Ledger
o
Subsidiary Ledgers
§
Sales and Purchase Transactions:
o
Cash Sales/Purchase Procedures
o
Credit Sales/Purchase Procedures
INTENDED FOR
Business Owners/Managers and Accounting Officers
of Small Businesses.
PRESENTATION
Lectures, Demonstrations, Discussions and
Exercises.
DURATION: 1 Week DATE: JUL 21 – JUL 25
VENUE: