The course will assist participants to

• Demonstrate understanding of the concept of facility financial management
• Explain facility financial management cycle
• Demonstrate understanding and application of basic financial management skills
• Describe accounting and financial control systems and demonstrate ability of their application
• Able to create a financial performance report
• Develop an understanding of the importance of linking planning and budgeting
• Learning how to identify the required resources in preparing a budget
• How to estimate the cost of services
• Developing tools and techniques for preparing a budget.
• Learn and develop appropriated leadership skills, knowledge and attitudes in basic financial management and resource mobilization
• Demonstrate ability to analyze and interpret financial reports and statements for purposes of decision-making

CONTENT

• Financial accounting principles and practices
• Balance sheet and operating statement analysis
• Capital and operational budgeting
• Deferred maintenance and budget justification
• Charge-backs and allocations
• Facility budget factors in leasing
• Life cycle analysis
• Time value of money
• Capital decision-making
• Benchmarking

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.