Course Overview
Effective financial management is a cornerstone of organizational success. The Financial Literacy for Managers Training by SBD Institute is tailored to help managers understand financial concepts, analyze financial statements, and create budgets. This three-day course empowers participants to make informed financial decisions that drive growth and profitability.
Course Objectives
By the end of the training, participants will:
- Gain a solid understanding of financial statements, including P&L and cash flow.
- Learn budgeting and financial planning techniques.
- Understand cost control and resource allocation strategies.
- Enhance decision-making through financial literacy.
Why You Should Attend
This course is designed to:
- Improve your ability to interpret financial data for better decision-making.
- Provide tools to create effective budgets and financial plans.
- Help you manage costs and allocate resources efficiently.
- Build your confidence in managing financial responsibilities.
Course Outline
- Introduction to Financial Literacy
- Importance of financial literacy for managers.
- Key financial concepts explained.
- Understanding Financial Statements
- Profit and Loss (P&L) statements.
- Cash flow statements and balance sheets.
- Budgeting and Financial Planning
- Creating realistic budgets.
- Forecasting and managing financial risks.
- Cost Control and Resource Allocation
- Strategies for controlling expenses.
- Optimizing resource utilization.
Who Should Attend
This course is ideal for:
- Managers responsible for budgeting and resource allocation.
- Entrepreneurs managing their own finances.
- Team leaders seeking to improve their financial knowledge.
- Professionals transitioning to finance-related roles.
Location and Duration
This three-day training will be hosted in Nairobi, Mombasa, and Kisumu, as outlined in the 2025 training calendar.