Strategic financial management provides the essential ingredients for achieving a sound budget preparation and execution system in government. This course focuses on the issues and challenges likely to impede the seamless operation of management and financial accounting processes and examines the techniques and tools needed to address them. It will underline what constitutes strategic financial management and effective budget execution within the context of achieving strategic and operational objectives in public governance. The course will 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.

Learning outcomes

By the end of this course the participants will be able to:

Apply strategic financial management to add value to the budget execution process
Describe the differences between a management accounting system and a financial accounting system
Undertake cost analysis and apply strategic management and costing principles to support improved decision-making
Understand types of cost information and how to put that information to best use
Design robust and meaningful financial performance measures to help enhance financial control
Understand the main processes involved in the preparation of accounts for strategic and operational use by all level of management
Appreciate the accounting adjustments which are necessary to transform internal management accounts into statutory and regulatory financial statements

Who should enroll?

This course is suitable for managers who are about to take on strategic responsibility for financial management and budget execution in governments

Send an email to [email protected] to request a course training agenda

Why train with us

Vital Extra Learning guarantees our clients:

State-of-the-art facilities and training infrastructure
The extended tradition of hand-holding during post engagement
Service delivery through highly seasoned industry experts.
Value for money

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VITAL EXTRA LEARNING AND CONSULTANCY is a registered consultancy firm with its Head Office in Abuja, Nigeria. It is one of the emerging providers of competency development and learning solutions for career advancement for professionals. We provide strategic consulting services for both professionals and corporate organizations. We design and offer trainings and consultancy services to both public and private sectors, including non-profit organizations.

Our brand, VEL® an abbreviation for “Vital Extra Learning” has also extended its services to other countries in Africa, particularly in Kenya, Rwanda and South Africa. We are also working to expand our operations in other parts of the world through collaborations and partnerships with other training and consulting firms in the United Kingdom (UK), United States (US), Germany, and the United Arab Emirates (UAE).

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Financial Management